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.
From First Home Buyers to Established Homeowners: How Interest Rates Will Impact Your Mortgage
How concerned should you be as a Perth homeowner? The housing market has been a popular subject of discussion recently, with much attention being paid to the impact of rising interest rates on homeowners. On March 7th, 2023, the RBA announced its 10th consecutive rise...
Navigating Interest Rate Rises: A Guide for Perth Homeowners
Just earlier this week, the Reserve Bank of Australia (RBA) announced that they would be lifting the official cash rate on a 25-point basis. This has been the ninth consecutive increase in interest rates and has brought the cash rate in Australia to 3.35%, the highest...
Fixed vs Variable Interest Rates
Five consecutive months of increases to the cash rate by the Reserve Bank of Australia has brought the question of fixed vs variable interest rates to the forefront of the minds of many of our customers. Exactly how high the cash rate is going to go is another...
Interest Rate Rises are Here to Stay
As the country continues to recover from the pandemic, and the Government grapples to get inflation under control, the Reserve Bank of Australia (RBA) again increased the cash rate by 50 basis points this month, bringing it to 1.85%. This will of course impact...
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...
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...
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...