Blog

Winter’s starting to warm up for Real Estate sales!

The property market is now unquestionably warming up this winter.  Victorian results courtesy of the REIV from the weekend reported a 69% clearance from 521 auction FYI the last weekend in March was only 53%.

Check out the latest REIV market insights and clearance data within the attached link.

We actively encourage Business Investors and Sellers to telephone First Choice Business Brokers on (03) 9899 1888 and talk with us about taking … Read more »

Interest Rate cut boosts Confidence for SME businesses

With RBA’s official cash rate now at 1.25% (lowest on record), the business community is obviously very happy with consumer confidence levels. The likelihood of further SME investment will only increase, along with consumer spending levels – with small to medium business being the main beneficiaries.

The new fiscal year is just around the corner, and we fully expect more and more willing investors to search for … Read more »

RBA ANNOUNCES JUNE CASE RATE DECISION

RBA DECISION SIGNALS LOWEST INTEREST RATES IN AUSTRALIA’S HISTORYN

In addition to the RBA decision to cut official cash rates to 1.25% (see attached FCBB blog link) – helping to improve consumer/business confidence levels, it is equally important to carefully evaluate a number of other (and closely related) economic/financial factors including:

– Employment levels and minimum wage decisions
– Discretionary spending
– Lending conditions and restrictions

First Choice Business Brokers understands … Read more »

Post-election Business confidence boost!

Ahead of the Curve

Consumer confidence lifts post-election amid hope of interest rate cut

30 May 2019
Scott Morrison’s surprise re-election and growing expectations official interest rates will be sliced has boosted the confidence of Australian shoppers as calls grow for more government spending to drive down unemployment.
The ANZ-Roy Morgan weekly measure of confidence, released on Tuesday, lifted for the second consecutive week to sit at its highest level … Read more »

Growing your new Small Business: Four key steps in Marketing Strategy

The formative phase of any small business is crucial.

You’re trying to build a reputation for your important business investment, spend your budget wisely, and keep enough money coming in to sustain yourself long-term.
Getting a foothold to expand your customer base is a delicate process – you don’t want to alienate anyone by being overtly ‘salesy’…. Read more »

Small Business set to take advantage of post-election economic stimulus

 
With the 2019 Federal election now behind us, the Australian business community can finally ‘take a deep breath’ and commence their evaluation of the many economic policy initiatives and promises – as outlined by the returning of the Liberal National Coalition government. In line with the LNP pre-election commitment, a tax relief plan that will benefit 3.4 million businesses … Read more »

$100b Promised for Infrastructure Ahead of Election

10 April 2019
The government has moved to put infrastructure front and centre of the election campaign, unveiling a record $100 billion in funding for road and rail projects over the next decade.
The $100 billion figure announced in Tuesday’s budget is up almost 30 per cent from the $75 billion over 10 years announced in last year’s budget.
The move to 10-year funding agreements – well … Read more »

Business Conditions Bounce Up

3 April 2019
The latest NAB Business Survey released over the weekend showed that business conditions have rebounded strongly in March with profitability and employment components of the survey both up. Business conditions rose by 3 points in March bucking a six month downward trend. The closely watched employment index rose to 7 index points which is well above average.
NAB’s group chief economist Alan Oster said that based … Read more »

Melbourne Industrial Property Hot for Foreign Investors

26 March 2019
Singapore’s Cache Logistics has increased its exposure to Australian industrial property after agreeing to buy a logistics warehouse in Melbourne for $41.2 million.
The listed property trust, which owns $1.35 billion-worth of warehouses in Singapore and Australia, will acquire the single-story property at 182-198 Maidstone Street, Altona, from an Abacus and GAW Capital trust on an initial yield of 6.8 per cent.
Post-acquisition, Cache … Read more »

Job System Overhaul For Small Business Welcomed

“Australia Small Business and Family Enterprise Ombudsman (ASBFEO), Kate Carnell has welcomed the Coalition Government’s commitment to transform Australia’s employment services model to deliver better outcomes for job seekers and employers.”
“The ASBFEO stressed that this development will mean employers won’t waste time sorting through unsuitable job seekers who are just going through the motions to achieve the necessary number of applications.  “Small-business owners spend long hours … Read more »