Sunday, 05 February 2023 09:56
FUTURE OF AUSTRALIAN PROPERTY MARKET
SOCIAL commentator, Bernard Salt, recently spoke at an event hosted by real estate debt investment platform AltX about the future of property in Australia.
He noted that Australia is one of the wealthiest countries per capita and the country has a long history of being obsessed with property.
Mr Salt believes the resumption of immigration to pre-pandemic levels will increase demand in the property market over the next five years.
Additionally, middle-aged millennials and retiring baby boomers are expected to drive growth in lifestyle properties outside major cities.
He also believes that over the next ten years, millennials who are reaching their forties and starting families will prompt a move out of cities and into larger homes with backyards, resulting in a change to people's properties and towns/cities.
AltX provides wholesale investors access to private real estate debt investments and has a strong track record of consistent returns and a built-in contingencies to manage market corrections and worst-case scenarios.
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Wednesday, 01 February 2023 18:26
SURVEY REVEALS BUSINESSES PLANING GROWTH
A SURVEY by Small Business Loans Australia found that 48% of small-to-medium businesses in Australia plan to expand in 2023, despite the risk of recession.
The survey included 210 business owners and decision-makers across micro, small, medium and large businesses.
Businesses in Western Australia showed the most growth with 88% focusing on growth since 2019, followed by 86% in New South Wales. In 2023, the most confident about growth were businesses in the ACT, with 60% planning to focus on growth.
Micro businesses were the most positive about growth in 2023 with 50% planning to expand, compared to 48% of medium-sized businesses and 37% of small businesses.
Alon Rajik, founder of Small Business Loans Australia, said: “Despite the potential economic slowdown, SMEs will continue to be resilient and confident in their ability to weather tough economic periods.”
He advised businesses to make smart financial choices when expanding and to shop around for low interest rates and fees.
The full survey results can be found at https://smallbusinessloansaustralia.com/growth-in-recession/.
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Wednesday, 01 February 2023 08:46
NEW SERVICE CENTRE AT NORTH ROCKS
A NEW Service NSW Centre will open in North Rocks Shopping Centre, North Rocks, in mid-2023.
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