Latest Insights
Practical finance insights for Western Australian business owners, from the brokers at Southshore Finance. With 40 years in commercial lending behind us, we break down the things that actually affect your borrowing - business loans, equipment and property finance, working capital, and specialist pharmacy and healthcare funding. Browse the latest articles below, or get in touch to talk through your own situation.
Deciding if a Reverse Mortgage is Right for You
For many Australian seniors, maintaining a healthy cash flow can be a major worry when most of your money is tied up in assets, such as property. Superannuation and aged pensions are not always enough for our retirees to live comfortably and with confidence in their...
What to Know Before Buying a Business
Buying a business can be a great way to secure an established revenue stream while skipping the turbulence that comes with launching from scratch. While buying a business can fast-track your way to becoming your own boss, it’s essential to remember the purchase...
Finance in the Face of the WA Border Opening
With the State Government’s recent announcement that the long-awaited February 5th border reopening will not proceed, Western Australians continue the anxious wait for a return to normalcy. Although Covid-19 cases have been kept low and the state’s economy remained...
Open Banking, Borrowers Be Aware
Open banking started in mid-2020, requiring major Australian banks to make your data available to you upon request. Despite plenty to gain from open banking, including a lessening of paperwork and greater transparency, there are traps for the unwary, given lenders...
ATO Debt Warning Notices
In August, the ATO began issuing warning letters to businesses with tax debts of more than $100,000, with a warning that if efforts were not made to manage the debt, the ATO intended to disclose their tax debt information to credit rating agencies. Certain...
Regulator Raises The Bar For Residential Lending
Just this week, the banks regulator (APRA) announced that Approved Deposit-taking Institutions (ADI’s), being the banks, credit unions and building societies, are to adopt a minimum 3% p.a. buffer rate when assessing a borrower’s capacity to service a loan. Non...
Pharmacy WA Forum 2021 Wrap
At a time when Perth and WA community pharmacies are navigating a path out of COVID-19 and beyond, I was excited to have been a guest presenter and a part of The Pharmacy WA Forum for 2021. The forum remains the leading event in the WA community pharmacy calendar and...
Why Now Is A Great Time To Refinance
With fixed interest rates beginning to rise, now is the time to consider options on how your debt is structured, business and home. Whilst many in the finance industry will recommend assessing your debt reduction strategy every 5 years, we suggest doing so every 3...