In a recent X post, @ausstockchick sparked a conversation about dealing directly with banks versus using mortgage brokers, with some expressing skepticism about the latter. However, the numbers tell a different story—75% of Australian mortgages are now facilitated by brokers, a sharp rise from 40% in 2009. So, what’s driving this shift? Let’s break down the benefits of using a…
You Can Afford It — So Why Won’t They Lend You More? You’ve built a growing business. You’re paying your current loan on time. You can clearly afford more funding. But every time you apply for a second business loan, the response is the same: ❌ “We can’t approve you with an existing unsecured loan on file.” If that’s your…
Small business owners often face hurdles when securing finance, especially regarding documentation requirements. Low-Doc Equipment Finance is a tailored solution designed for businesses that may not have extensive financial statements but still need funding for growth. How Low-Doc Equipment Finance Works Low-Doc (or “Low Documentation”) finance allows eligible businesses to secure equipment finance with minimal paperwork. These loans cater primarily…
The Australian finance industry, traditionally dominated by the four major banks, has been experiencing an intriguing shift toward a previously underrepresented sector: private lenders. Non-bank lenders and private lenders, which make up roughly 5% of Australia’s financial system, are witnessing a swift expansion, especially in the realm of mortgage lending. This movement suggests a notable change in borrowing habits and…
Many Australian entrepreneurs find their loan applications rejected by traditional banks or established financial institutions due to a less-than-ideal credit rating or bad credit. At Loanbrite, however, we firmly believe that past financial missteps should not dictate the present. We take a holistic approach when considering loans with bad credit and have already aided numerous Australian businesses and borrowers in…
The Victorian Government has announced the abolition of stamp duty for commercial and industrial properties as part of the 2023-24 State Budget. From 1 July 2024, these properties will transition to a new annual property tax system as they are sold. The first purchaser of a commercial or industrial property after 1 July 2024 can choose to either pay the…
