Recent Insights.
29 March 2021
Making home loan finance easy
Delays in home loan approvals coupled with a competitive residential market has increased buyers’ fear of missing out on their dream home. Did you know that pre approvals may not help you secure a home loan? In fact, pre approvals aren’t always necessary if you are wanting to buy a property. In this blog we explore this matter along with: The Difference Between a Standard & Fully-Assessed Pre-Approval What to Consider When Applying for a Pre Approval What is a Preliminary Assessment & how it can help you secure home loan finance How Ledge can put your mind at ease...
9 February 2021
New restructuring options for small businesses in 2021
On 10 December 2020, the Government passed new insolvency laws, which include the extension of the existing COVID safe harbour laws to the 31 March 2021, and the introduction of a new debt restructuring process. Advisors and their small business clients should be alert to these changes and are encouraged to act immediately so they don’t risk trading insolvent or exacerbate existing cash flow problems. In this blog we explore the safe harbour provisions currently in place for businesses, the eligibility criteria for the new restructuring options, as well as the new debt restructuring reforms coming into effect now that...
1 December 2020
WA economy forecast: what’s in store for 2021
As we say goodbye to 2020 and start our journey into the new year, we thought we would take some time to review the Western Australian economy, what has been and what’s in store for 2021. WA economic outlook: From uncertainty to resilience Through what has been a very trying year for all, WA has been able to endure the global economic impacts of COVID. The states resilience has been aided by our mining production and commodity demand continuing in overseas export markets, with WA’s 2019-20 mineral and petroleum exports coming to a record total value of $173.7 billion....
1 December 2020
How to finance buying a business
If you’re considering purchasing an existing business, whether it’s buying into a business or buying the entire business, there are several business finance options that can assist you. But first, you need to know what to look for in a business to ensure it’s suited to you. 6 Questions to ask when buying a business Buying an existing business can be easier then starting a business from scratch. It takes away the pain and risk of getting the business off the ground. Once you have decided what type of business you’re interested in, you will need to do some...
3 November 2020
Perth housing market update
The way we work, live and go about our everyday lives has changed quite a bit in recent times. Although Covid-19 continues to have a significant impact the economy, the Perth housing market has been somewhat resilient. Sometimes it pays off to be one of the most secluded states in the world! Australian property market outlook It’s no doubt that Covid-19 has had an immense effect on the Australian housing market. One of the most prominent impacts has been the reduction in new immigrants, with overseas immigration going from around 250,000 people a year to practically zero in just over...
3 November 2020
Guide to setting up a small business in Australia
Have you ever thought about setting up a small business in Australia but are yet to follow through? Now is the best time for you to become that entrepreneur you have always wanted to be. Business success results from a strong business model and a unique idea that has been purposefully built to solve problems. Let’s take General Motors, Airbnb and Uber as examples. All three businesses were created to solve a problem. What makes them even more interesting is they were founded during economic downturns. The current business climate is tough to navigate, so it’s essential that you surround...
2 October 2020
Creating a multi-generational workplace
Did you know that Millennials, those born between 1981 and 1996, is the largest generation yet? By 2025, most Millennials will be in the workforce and the next generation “Gen Z” would have entered. We are familiar with new generations entering the workforce but what do younger generations have to offer and why should businesses have a key focus on creating a multi-generational workplace? Can you imagine being born into a world where your parents could use Google to search for ‘most popular baby names’? Gen Z have lived and breathed in a digitalised world from the moment they were...
2 October 2020
How to improve your business’ credit score
Funding growth, expansion or other working capital requirements is always something on the minds of business owners. If you are seeking a business loan facility, your business credit score will be used as an indicator of your ability to repay the loan. In this article we explain what a business credit score is, why you want this to be a good score, what influences it and tips to improve it. What is a business credit score? Your business credit score is used by financial institutions (banks/lenders) as an indicator of your creditworthiness. It calculated using the information listed on your...
1 September 2020
Deferred loan payments: Where to next?
The six-month loan repayment deferrals are due to conclude at the end of September 2020 as Banks enter the next phase of support to assist customers. Whether you are a business or an individual who is currently under a loan deferral structure, you need to know what the next phase entails and what this means for you or your business. The next phase, for most banks, will begin on 1 October 2020, where customers who are able to start paying their loans will be required to do so. Those who are still unable to pay due to ongoing financial difficulty...