Perry Finance

🏦The Big Squeeze: Skyrocketing Rents Reshape Australian Living

There appears to be no relief in sight for Australia’s many renters, who have watched the median smash past $600 early on in 2024.

While the rate of rental price increase may be slowing, it’ll be cold comfort for the nearly one-third of all Australian households struggling with rental payments and the cost of living generally.

The median rent across the nation is now at a record-high of $601 a week, which has risen by over 8 per cent in the last year, nearly twice the rate of inflation.

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https://lnkd.in/gVdVw_cS

🏠 Thinking of Expanding Your Property Portfolio?

How Much Of A Deposit Do You Need For An Investment Property?

Investing in real estate can be a game-changer. One of the most common queries we encounter is about the necessary down payment for an investment property.



Let's get started! ➡https://perryfinance.com.au/how-much-of-a-deposit-do-you-need-to-buy-an-investment-property/?utm_source=Perry+Finance&utm_campaign=101351a294-Jan+2024&utm_medium=email&utm_term=0_910aaf3acf-101351a294-&ct=t(May_20235_15_2023_14_16_COPY_01)

🏡 Excited to share some fantastic feedback from one of our happy clients, John!

"Working with Perry Finance was an absolute breeze! I was amazed by how straightforward and informative the process of securing our loan was. A big shoutout to Geoff Fox for doing such a great job!" - John B

Interested in a hassle-free experience like John's? Discover how we can help you find the perfect home loan.

Visit our website now! ➡️ https://perryfinance.com.au/home-loans/

Working Capital Loans a Popular Option for Australian Small Businesses

➡Small businesses often apply for working capital loans for various financial needs. These short-term loans assist in covering daily operational costs such as wages, invoices, and advertising expenses.

➡Comparable to short-term business loans, working capital loans involve an agreement to borrow funds, typically repaid within 12 months. The loan amount, ranging from $5,000 to $1 million, depends on the business type, credit rating, and chosen lender.

📞Call Perry Finance today ( 03 9101 8517 ) to discuss your small business goals. https://perryfinance.com.au/working-capital-loans-a-popular-option-for-australian-small-businesses/

As 2024 unfolds, Perry Finance is committed to providing professional guidance in developing your financial strategies. Whether assessing existing loan arrangements or considering new lending opportunities, consulting with our experienced brokers will guide you towards optimal financial decisions.

📞For a professional strategy consultation, contact Perry Finance at 03 9101 8517 or [email protected]. Begin your financial journey with expert advice this year.

https://perryfinance.com.au/services/home-loans/

✨Welcome to 2024!

As we kick off the new year, the team at Perry Finance is thrilled to get things underway and hopes everyone had a relaxing break. This year, we're keen to collaborate with you.

Reflecting on 2023, Australia saw a surprising 8.1% national rise in , despite climbing . Remarkably, only Hobart and Darwin saw a decrease in .

Thinking about the or looking to boost your investment portfolio? Get in touch with Perry Finance at 03 9101 8517 for professional guidance and strategic planning.

🏦Guide to Buying an Apartment in 2024

Buying and selling as an investor sounds like a quick and easy endeavor.

Find out what challenges you may face and how to overcome them at the link below.

https://lnkd.in/esmDjmew

As the year's end approaches, the Perry Finance team would like to take a moment to thank you and your family for being an essential part of our success in 2023. We are immensely grateful for your partnership and trust.

Our office will be closed from 22 December 2023 and reopen on 8 January 2024.

As we head into 2024, we are enthusiastic about helping you shape effective financial strategies. Whether you're reviewing existing loans or exploring new loan possibilities, a financial strategy consultation with our brokers can set you on the right path.

Get a head start on the new year- book your consultation with our team today at [email protected]

Unlock Big-Ticket for Your with Smart Finance Leasing Options

1. Unlock Essential Assets with :

Finance leases provide a flexible and affordable way for businesses with cash flow concerns to access necessary big-ticket items like vehicles and machinery, enabling them to generate profit efficiently.



2. Advantages of Choosing Finance :

These leases offer the flexibility to use high-quality assets for a set period with fixed monthly payments, with the option to purchase at the end of the lease term. This arrangement allows businesses to maintain a higher operational standard without the immediate burden.



3. Financial Stability and Added Benefits:

Spread the cost of over time with predictable, lower monthly payments unaffected by interest rate fluctuations. Many leases also include maintenance and repair costs, minimising upfront expenses. If your business needs quick access to crucial assets, you can go ahead and discuss finance lease options with Perry Finance.

👇Find out more.

Finance Leasing is an Option for Businesses in Search of Big-ticket Assets - Perry Finance

Throwback Post: One Year On, Still Relevant!

A year ago, Cameron Perry had an insightful chat with Ross Le Quesne on the Billion Dollar Broker Podcast. Today, their conversation is as pertinent as ever!

Dive into the world of Commercial Broking as they discuss:

1️⃣ The Current State of the Commercial Broking Industry

2️⃣ Key Considerations for Aspiring Commercial Brokers

3️⃣ Proven Strategies to Launch and Grow Your Commercial Broking Business

Listen again and discover how these timeless insights can be your guide in today's dynamic financial landscape.

https://www.youtube.com/watch?v=1E4T-hmr-3o

It’s the news homeowners were hoping for – the Reserve Bank of Australia ( ) has decided the cash rate will remain on hold for the moment at 4.35 per cent.

⭐Future Predictions: RBA Governor Michele Bullock hints at potential cash rate hikes in the future, with CPI expected to be around 3.5% by the end of 2024.

🏦 RBA Overhaul: Major changes are coming to the , including fewer board meetings each year. How will this affect your ? There's speculation about larger fluctuations in the cash rate - stay tuned for updates.

📅 Mark Your Calendars: The first board meeting with the new structure is scheduled for February 2024.

🏚Financial Stress: Nearly half of Australia's holders are feeling the pinch, spending a significant portion of their income on .

📞Need Assistance? If interest rate hikes concern you, contact us to explore your options at [email protected] or 03 9101 8517

👇Are you keen on keeping up with changes in inflation and rates? Subscribe to our mailing list for the latest insights.

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🌟Simplify Your Loan Repayments with Perry Finance!

Struggling to keep track of your loan payments? Worry no more! Our easy-to-use Loan Repayment Calculator is here to help.

✅ Plan Your Finances with Ease
✅ Quick and Accurate Calculations
✅ Tailor to Your Specific Needs

Managing your finances has never been easier. Take control of your loans today and plan for a brighter tomorrow!

🌟Check it out now! https://lnkd.in/gfD8gXdM

🏚Customer Spotlight🏚
Tracey's latest mortgage was a pleasure to work on!

"This was my fourth time using Perry Finance for a mortgage, and their service is excellent. Clear instructions, a great variety of lenders and sound advice. I'm happy to recommend them, and I'll continue working with Perry Finance in the future. Thank you, Team!" Tracey M

Call us at 03 9101 8517 for expert advice!
https://lnkd.in/g39GPgks

Navigating the Loan Landscape: Commercial vs. Residential Property Investing!

Did you know commercial loans differ significantly from home loans?

For starters, commercial property investors need a significantly larger deposit. Unlike residential loans, no lender's mortgage insurance cushions the risk. According to Nick Wormald of Grow Capital, expect a 65-70% deposit for standard assets. But, the loan-to-value ratio varies, with some lenders offering up to 75-80%, says Mortgage Choice broker Alston Soff.

Here is a link that explains the difference!

https://perryfinance.com.au/commercial-property-investors-face-smaller-borrowing-power-than-residential-investors/

✨Congratulations to Kendall Wignell for being recognised as the Best Loan Administrator of 2023 by Connective.

Also, a big shout-out to the Perry Finance team for being among the top 5 Brokerages of the Year. Over the past year, the achievement can be attributed largely to our strong customer relationships.

📞Want to get in touch with our expert team? Call us on 03 9101 8517

https://perryfinance.com.au/about/awards/

🏚Property of The Month 🏚

The client successfully secured a purchase and obtained additional cash-out up to $1 million, based solely on a stated purpose. This was made possible by a lender who was willing to consider the business's latest trading performance independently.

➡Type: Purchase

➡Loan Amount: $3.2 Million

➡Gearing: 79%

➡Lender: Major Bank

Looking for expert guidance in property finance? Please reach out to us to find out how we can help you with your financial goals P:03 9101 8517

🏚https://perryfinance.com.au/services/home-loans/

🏚Luck wasn’t on the side of variable this Melbourne Cup Day. The of Australia ( ) has increased the cash rate a quarter of a percentage point to 4.35 per cent.



All big four and many economists were expecting today’s rate rise, given that the latest inflation figures were higher than expected.



Figures released by the Australian Bureau of Statistics last month showed the headline Consumer Price Index (CPI) in the September quarter increased by 1.2 per cent, up from 0.8 per cent in June, bringing the annual rate to 5.4 per cent.



✨Chat to us about your options at 03 9101 8517, and we’ll check whether you could secure a more competitive .

https://perryfinance.com.au/services/home-loans/

Celebrating 7 Years of Excellence: Lydia Eng at Perry Finance

We are excited to celebrate Lydia Eng's 7th anniversary at Perry Finance, where she has grown from a Loan Administrator to our esteemed General Manager. Lydia's dedication and hard work have been pivotal in securing the best deals for our customers and fostering a collaborative environment within our team.

Her journey has been remarkable, marked by relentless commitment and a genuine passion for excellence. Thank you, Lydia, for your invaluable contributions and being a vital part of Perry Finance's team.

👇Find out more about the Perry Finance team at the link below:
https://lnkd.in/eNgBpzHD

Buying and selling as an sounds quick and easy but the costs associated with doing so usually mean they are better off being held as long term .

The reason for this lies in the fact that once you’ve bought and sold an apartment dwelling, the costs involved can equate to around 10 per cent of the value of the .

The costs for buying an depend on whether you’re an Australian citizen or , which state you live in, and whether or not you’re a or an investor.

👇Discover buying an apartment cost breakdown at the link below

https://perryfinance.com.au/the-financial-costs-that-come-with-buying-and-selling-an-apartment/

Unlock the Potential of Your Finances: At Perry Finance, we understand the importance of making informed decisions.

Our Power Calculator is designed to provide clarity about your borrowing capabilities. Available now on the Perry Finance website, this tool allows you to explore your possibilities.

Once you've explored the , we invite you to consult with one of our expert advisors at Perry Finance for personalized guidance and insights. Let's navigate your financial future together.

https://perryfinance.com.au/borrowing-power-calculator/

Perry Finance successfully arranged a and of $6.4m across multiple properties at an LVR of 77%, enabling the client to settle on a new owner occupied property and also reduce the interest rate on existing debt.

➡Deal Type: Refinance Loan
➡Loan Amount: $6.4m
➡Gearing: 77%
➡Lender: Major Bank

✨Thinking about refinancing? Let's talk! Email: [email protected] or Phone: 03 9101 8517
https://perryfinance.com.au/services/home-loans/

lenders are looking to ease lending standards in a bid to compete with the majors in the current tough economic environment.

After cracking down on standards in recent times, the Australian Prudential Regulation Authority has left Australian in a good position to deal with the current higher risk of bad debts as borrowers come off fixed rates and face higher repayments.

The says despite the non-bank sector growing significantly since 2015, they do not pose a wider risk to the and still only hold less than 5 per cent of the home loans in Australia.

✨Learn more by contacting the Perry Finance team at 03 9101 8517 or by reading the article below:
https://lnkd.in/gRFppBBf

The Perry Finance team is here to assist with your next or , offering specialized expertise in , asset finance, business loans, construction loans, home loans, and investment loans.

We invite you to explore our brand new, user-friendly website to initiate a chat with our experts or feel free to contact us directly at 03 9101 8517 for tailored assistance and innovative solutions.

✨https://perryfinance.com.au/

Mortgage holders across the country are feeling the pinch right now as higher and the rising cost of living hit household budgets hard.

But with a bit of planning, you can fight back by putting in place some mechanisms that work to pay off your home loan sooner.

Focus has put together seven excellent tips to help you boost your savings.

1️⃣ Embrace Budgeting

2️⃣ Implement a Cost-Cutting Plan

3️⃣ Set Up Automatic Transfers

4️⃣ Regularly Review Your Loan

5️⃣ Explore New Avenues

6️⃣ Consider Lump Sum Payments

7️⃣ Optimize Payment Frequency

Every small action contributes to a secure financial future.

Getting into contact with Perry Finance to learn more Email: [email protected] or Phone: 03 9101 8517

https://perryfinance.com.au/how-to-pay-less-interest-and-pay-off-your-home-loan-sooner/

It’s a tough time for home builders who are struggling to stay afloat after new housing starts plummeted by over 20 per cent in 12 months.

Rising and lengthy construction delays in the wake of COVID have seen new starts dry up at a time when consumers are getting hit with higher and economic uncertainty.

Association figures lay the situation bare, with the 100 biggest in the country recording the lowest start figures in 10 years, down to 57,830 in the year to June.

company insolvencies have skyrocketed up over 70 per cent while they try to construct on fixed price contracts at the same time as suffering delays and rising input costs.

👇Continue reading

https://perryfinance.com.au/new-home-builds-dry-up-as-builders-seek-to-get-new-projects-on-their-books/

Owner-occupiers are refinancing their in record numbers, desperately trying to get the best deal possible while rise and the cost of living bites.

There were well over 30,000 new in Australia for the month of May alone, and it’s easily the highest monthly figure we’ve ever recorded.

It isn’t just owner-occupiers that are currently keen to seek better terms on their loans either, with increasing home loan by around 7 per cent in May.

When you combine the monthly figures of both owner-occupiers and investors the total value of rose by 8.1 per cent, to over $21 billion and that’s 22 per cent higher than at the same time last year.

🏡 Considering Refinancing Your Home?

Speak with the experts at Perry Finance today and discover the best options tailored for you. Email: [email protected] or Phone: 03 9101 8517

https://perryfinance.com.au/borrowers-rushing-to-refinance-as-housing-loan-growth-figures-spike/

🏚Refinance Loan Update! 🏚

The client successfully refinanced their existing loan, saving approximately $5K annually in interest expenses. By using a lender willing to use an upfront valuation, the client's equity in the property was enhanced. This, in turn, qualified them for a lower interest rate on a comparable product.

➡Deal Type: Refinance Loan

➡Loan Amount: $740,000

➡Gearing: 80%

➡Lender: 2nd Tier Bank

✨Thinking about refinancing? Let's talk! Email: [email protected] or Phone: 03 9101 8517

https://perryfinance.com.au/services/home-loans/

🚗 Customer Spotlight! 🚗

Thank you to our valued customer for this glowing review!

"In our recent purchase of a motor vehicle for our business, the Perry Finance team made the whole process simple, from a quick turnaround to approval and then ease of documentation and delivery. I have no hesitation in recommending the team for all your Equipment Finance needs."

📞 Give us a call: 03 9101 8517

Or visit our website to review our Asset Finance options: https://perryfinance.com.au/services/asset-finance/

Nervous appear to be heading for some relief with economists tipping the will keep them on hold when it meets.

The will be pleased with inflation figures, which fell from 5.4 per cent to 4.9 per cent in the year to July compared to June.

It’s the first time inflation has dipped below 5 per cent since 2021 and eases the pressure on the central bank to keep lifting rates.

👇Continue reading
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Getting pre-approval when applying for a home loan is not a pre-requisite, but it does have a hat-trick of key benefits for anyone looking to buy a home.

means a lender agrees to provide a home loan up to a specific limit and subject to certain conditions and is helpful because:

➡You find out how much you can , which limits your and helps you know which properties you can aim for when house hunting.

➡You become a more attractive who comes across as more serious and committed and gives you more confidence when bidding.
It can speed up the approval process for the final application.

The first thing you'll need to do to go ahead and get pre-approval from a is gather your relevant documents that show your identity, and how much you earn, how many expenses you have and how many assets you own or money you owe.

👇Are you ready to start the pre-approval process? Get in touch with the Perry Finance team at 03 9101 8517 or [email protected]

https://lnkd.in/gMgGiux4