Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 2413 results for "Loan"

Threats outside the Australian financial system build: RBA

ANDREW MCKEAN  |  TUESDAY, 26 MAR 2024
... Australian financial system was said to have a high degree of resilience. Banks are well prepared to handle the increase in loan losses expected to occur as the economy slows in response to past interest rate rises and budget pressures and risks to financial ...

New SMSF solution for Islamic Australians launched

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... deposit. Because a single SMSF can have up to six members, family and friends could pool their money to get a Sharia compliant loan and buy an investment property held in an SMSF which they jointly control. "The amount people can borrow is not determined ...

Castlerock embarks on $30m capital raise

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... distributions and growth potential." The fund has an average weighted average lease expiry (WALE) of 5.9 years, 99% occupancy and a loan-to-value ratio (LVR) of 43% with 90% of the debt being hedged, he said. It has a minimum investment amount of $50,000. ...

PGIM launches new platform in Australia

ELIZA BAVIN  |  MONDAY, 18 MAR 2024
... agricultural debt provider Foundation Agri Finance. It closed its first transaction at the end of last year, providing a loan to a diversified horticultural business. PGIM said Australia is a robust agriculture-producing nation with the value of agricultural ...

Low-margin clients hurt practice valuations

KARREN VERGARA  |  THURSDAY, 14 MAR 2024
... principal and interest loans, if this does not continue, we may see an associated decrease in valuations in line with shorter loan period amortisation payback periods." Another survey from Elixir Consulting found that 170 advice practices earn profit ...

Former Blockchain Global director confined to Australia

ANDREW MCKEAN  |  THURSDAY, 29 FEB 2024
... During his tenure, Guo also moved $2.6 million from an account with investor funds, allocating portions to his personal home loan and bank account. Further, ASIC notes that Guo took control of 23.11 bitcoins, valued at roughly $1.8 million and owned ...

Pallas Capital, Ares launch $500m lending fund

CHLOE WALKER  |  THURSDAY, 29 FEB 2024
... lending money on pre-development loans, residual stock loans, and investment property loans. It will target medium-sized CRE loan types of borrowers and expects that most of its loans will be between $2-25 million. Previously, the Sydney-based fund manager ...

ATO cracks down on illegal early SMSF access

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
The Australian Taxation Office is cracking down on illegal early access to SMSF money, particularly targeting new entrants to the sector who are the main culprits. New analysis from the tax office released at the SMSF Association National Conference ...

Sydney HNWI drops $24m on EG building

CHLOE WALKER  |  THURSDAY, 15 FEB 2024
... investment opportunities in the private debt market. Specifically, they're looking for high-end residential bridging loan facilities located in Sydney's eastern suburbs and lower north shore, as well as in the inner east of Melbourne. Additionally ...

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... totalling $6 billion. Banking and Financial Services (BFS) reported a 3% increase in total deposits to $135.6 billion. The home loan portfolio rose 3% to $117.9 billion, and funds on platform grew 6% to $132.8 billion. The business banking loan portfolio ...