Inventory is the lifeblood of many businesses, and in Australia, the previous lockdowns have enlightened entrepreneurs to be more proactive about it. Recent surveys show that SMEs are moving towards a ‘Just-In-Case’ delivery method when planning for inventory. While the goal is to be as efficient and reliable as possible, most SMEs may experience a…
Ready to be a homeowner? Intellichoice works with you from start to finish Buying a home is one of life’s biggest milestones, and in Australia, it’s something that many of us aspire to. Granted that purchasing a home is a cause for celebration, but it’s a fact that it will involve so many complicated processes….
What credit score do I need for a home loan? Whatever your financial position, home loan Australia requires several quotas for you to be eligible for a mortgage. And one of the core requirements is a satisfactory credit score, which must be over a specific rating. A healthy credit score is one proof that a…
Aussies interested in buying a home are gearing up for higher interest rates. Indeed, interest rates have dominated the conversation about home loans, with issues like immediate refinancing to avoid higher rates and the looming mortgage stress that could affect many mortgage holders. As borrowing from banks and boutique lenders is becoming pricier, it’s only…
Changing your mortgage? Intellichoice assists in reviewing your loan and finding more competitive options Am I eligible? (button) I want to speak to a broker (button) If you’re a homeowner, you understand that a mortgage is one of your biggest monthly expenses. And with higher interest rates, increased repayments could add a burden to you…
Have a pending expense that you need financing? You never know when you’ll need extra funds, and this is when lifestyle loans come in handy. You can use a lifestyle loan for any purpose – anything from a holiday, boat, caravan loan, travel, home renovations, or even life events such as a wedding. Let’s discuss…
For the younger generation who dreams of owning a home, the Australian property market presents significant challenges – rising house prices, mortgage interest rates, and limited supply in major cities. In response, many people are embracing a strategy called ‘rentvesting, where you buy an investment property in a place you can afford while choosing to…
Australia has long been an attractive destination for foreign investors aiming to diversify and capitalize on the country’s stable economy. The robust housing market excites many home buyers, but the rules are different for foreigners looking to enter property investment in Australia. Specifically, the Government is ensuring that Australian homes are kept available for Australians…
Numerous individuals turn to online searches for terms like “commercial funding Australia”, as these searches offer potential avenues for accessing much-needed business loans. These funds may serve various purposes, from consolidating debt and covering unexpected expenses to purchasing assets and machinery. Research states that about one in four small businesses intend to borrow for their…
Franchising is big business in Australia, with over 28,973 active franchise units. Most up-and-coming entrepreneurs believe it is one of the best ways to enter a given industry. After all, there’s an already successful business model per franchise, and it comes with a tried and tested training and management system. Stats show that Aussies prefer…
Bad credit car finance has always meant apprehension among potential borrowers. After all, credit health is something that lenders watch out for when approving loans. If you fall into the “bad credit” category it doesn’t necessarily mean that you’ll be unable to secure a car loan. While it’s common belief that having a bad credit…
Even if the business climate feels challenging, many Australians are still taking the plunge head on. Businesses have surged, with nearly 300,000 more businesses operating now versus pre-pandemic years. As we have seen over the past 20 years-the ability to grow and maintain business cash flow ultimately comes down to access to capital, either through…
Unlocking business opportunities almost always involve healthy funding. But this isn’t so easy for many entrepreneurs. Australian small businesses experience issues when applying for loans. In fact, 40% of business borrowers pointed out difficulties in fast-tracking the application and appraisal process, securing reasonable interest rates, and presenting needed collateral. One crucial loan type is equipment…
Small and medium-sized enterprises (SMEs) are aware of the paramount importance of a healthy cash flow to manage their business. Australians have grappled with rising operating costs, driven by inflated raw prices, supply issues, fuel hikes, and inflation. In the face of rising expenses, business owners seek solutions to sidestep significant expenditures. For instance, those…
In times of rising interest rates, a split home loan can help homeowners enjoy both fixed-rate and variable-rate benefits at a set period they choose. A split mortgage allows for more flexibility, but with fees, you should thoroughly consider it before committing to the split. This article aims to provide a useful overview of how…
When managing their home loan repayments, clients always seek options that provide financial flexibility and control over their finances. A redraw facility is one such feature that can prove beneficial for homeowners. It allows voluntary extra repayments for the mortgage and lets you take out any extra repayments you’ve made should you need them for…
Saving for a home loan deposit is a big ask for many Australians. Genuine savings can take years to build up – in one review saving up for an average house in Sydney could take 8.2 years! Some prospective homebuyers may opt for other modes of putting up a deposit. One strategy is to use…
Homebuyers prepare for a lot of significant expenses. There are seemingly endless costs associated with purchasing a property. One such expense is stamp duty. Stamp duty is a state or territory tax levied on certain legal documents, including property transfers. This article delves into the stamp duty concept, its purpose, calculation methods per state, and…
Home Loan borrowers seeking intelligent strategies to manage mortgage repayments can get a home loan with an offset account. This personal transaction account linked to your mortgage provides a savvy way to reduce the interest paid on your principal loan. And for many who purchase investment properties they may be given advice from their advisor…
Often, entrepreneurs in Australia need an injection of money to grow their businesses. Recent stats point out that around 88% of business financing clients loan over $500,000, and about 73% borrow more than $2 million. Business loans apply to whatever industry you’re in; whether you’re considering expanding your café or putting up a tech startup,…
Fixed-rate home loans are significant right now in the Australian property market – with over 880,000 households holding fixed-rate mortgages expiring in 2023, the switch to variable rates could mean they need to find hundreds if not thousands of dollars more on top of their regular monthly home loan repayments. The era of cheaper, fixed…
Accessing short-term business loans can mark the distinction between progress and stagnation for small and medium-sized enterprises (SMEs). In Australia, SMEs account for an impressive 99.8% of all enterprises, constituting over 66% of the private sector workforce. Federal and state policy measures are designed to bolster the provision of short-term business loans, aiming to bolster…
Business owners must prioritise spending to keep cash flow healthy while grabbing growth opportunities. For some entrepreneurs, there’s no reason to sink valuable capital into purchasing assets outright when there’s the genuine issue of rapid depreciation. Rental finance allows leasing for business equipment instead of opting for straight away purchases. This financing encompasses rental agreements…
Maintaining a healthy cash flow is crucial for any business. And as having either capital or access to debt facilities is the number one rule in maintaining the flow of money where it needs to go. Whether to expand, keep day-to-day operations going, meet ATO obligations and so forth. However, not all companies have the…
Sometimes, sudden expenses would need a healthy injection of cash. Personal loans are a versatile source of finances that can provide Australians with the means to spend or a means to an end. There are a couple of reasons for wanting to take out a personal loan: from consolidating debt, funding cosmetic renovations or home…
Property valuation is the key to determine if the house you intend to sell or the home you intend to buy is indeed a good buy and within the current prices in the market.
Getting a bad credit car finance can be a little overwhelming to most people. It is a common belief that having bad credit scores means no chance of getting a loan approval in the future. While there’s a truth to this belief, there is more to it than what most people know. Having a bad…
Sound personal finance can make your adult life a less stressful one. Financial freedom can sometimes be difficult to achieve but, is possible. Understanding your finances is the first step in determining how to improve your current financial situation. An income calculator can also help you determine how much you are really making, and how…
Ideally, every household should have an emergency fund to make both ends meet when the unexpected happens. Sadly, not every household holds on to emergency funds. However, the best thing is that financial experts are aware of this. It is for this reason that lending companies have designed small loans to help meet your urgent…
While home loans rates and prices are starting to level down in most parts of the world, Australian home buyers are warned to expect skyrocketing prices sooner than later. Industry experts have projected that property prices in Australia could increase by as much 25 per cent in a matter of months this year. This is…
After being dubbed to have the most competitive interest rates among the five major banks for five years, ANZ raised its interest rates for all its long-term home loans. This rate adjustment brought the bank’s new interest rate to 2.68%, .45% higher than the previous rate at 2.24%. The move came amid the five-year war…
What would be an extremely valuable perspective to utilise when considering an owner builder loans project? Answer-looking through the eyes of an experienced property developer! Simple, right? But who has one of these to draw on in a moment’s notice-not many I guess, and perhaps a lot of self proclaimed experts at best who wont…
With thousands of people out of work because of the pandemic, many are becoming interested in becoming a mortgage broker in Australia. Mortgage brokers provide professional broking advice to people or businesses with their property needs. After all, mortgage brokers in Australia earn a decent annual pay of $142,000 on the average, according to the Mortgage…
The Australian government has recently announced a budget approval for a program where single parents can take out their first home loans with just a 2 per cent deposit. While the program’s objective is well meaning, many experts believe that the program is inherently flawed and is doomed to fail. What is a Single Parent…
Owner Builder Loans 2021 So What has changed in 2021? Well, one thing that hasn’t is lenders caution around who is applying and do they possess the skills and knowledge needed to be successful. TALK TO ONE OF OUR AGENTS NOW! Nobody wants a half-built home with dreams and finances in tatters. With the recent pandemic followed…
BRISBANE, Australia – June 2, 2021 – PRLog — In the aim of offering a full-circle service to its clientele, Intellichoice Finance has forged a partnership anew with another industry leader in owner builder insurance–Allrisk Insurance. Allrisk Insurance has been a household name when it comes to owner builder insurance in the country for over a decade now. The company…