Sydney Top School Zones Property Prices
We have collected and compiled comprehensive property data for the top 10 school zones in Sydney (excluding elite schools with entrance exams). This data includes vacancy rates, median prices, rents, rental yields, etc. Starting with the entry-level options, Sefton, located 24 kilometers from the CBD, ranks 9th with a median house price of only $1.05 […]
Rents continue to increase in 2024
In 2023, the average rent in Australia increased by 15%, and it is expected to continue rising by 7-10% in 2024. Perth are to experience the highest increase of 12-15%, while Brisbane and Sydney 7-10%, and Melbourne 6-9%. The reasons for the rent increases are not hard to explain: Australia’s population grew by 560,000 people in […]
2024 Property Finance Outlook: Cutting Towards Positivity
2023 has been a year full of challenges (and opportunities). As we approach end of the year, Formation Finance Partners would like to thank you for your ongoing support. Looking ahead into 2024, we see strong positivity in the property and lending markets for three key reasons. 1) Strong property fundamentals All states and territories […]
Funding case study: ‘leveraged buyout’ for development project made easy
At Formation Finance, we’re all about providing tailored and straightforward funding solutions. Recently, we had the pleasure of assisting a property developer in South Australia to refinance an existing maturing loan and purchase the adjoining vacant land from a JV partner who wanted out. Our solution? A simple 12-month loan with prepaid interest, no minimum […]
Funding Case Study: Simple Problem, Simple Solution
At Formation Finance, we’re all about providing tailored and straightforward finance solutions. We take a holistic view of each case, avoiding unnecessary complexities and serviceability assessments. By doing so, we keep costs low for our clients while offering competitive rates and terms. Recently, we had the pleasure of assisting a community-owned not-for-profit organisation facing short-term […]
A Big Revelation from a Small Move by Australian Banks
In recent days (June 2023), two major Australian banks, Westpac and CBA, have announced reductions in the serviceability buffer, from 3% to 1%. This is a small move by banks that most people haven’t noticed, but it carries a significant revelation. So, what is a serviceability buffer? Let’s give an example. Suppose the loan interest […]
How do Residual Stock Loans help property developers?
Most property development projects entail a substantial amount of construction debt funding that must be repaid upon completion. Specifically, for residential projects like townhouses and land subdivisions, the objective is usually to sell enough units to cover the construction debt. However, if the developer falls short of achieving sufficient sales, they may need to refinance […]
The Beginner’s Guide To Property Investment
Most property investors in Australia start with residential property investment. However, as you get past your first (or second) property, commercial property investment may hit your radar, and for good reason: Commercial property offers investors attractive benefits, including much higher rental yields and diversification, but also an increased level of sophistication that calls for deeper […]
The Beginner’s Guide To Property Investment
Most property investors in Australia start with residential property investment. However, as you get past your first (or second) property, commercial property investment may hit your radar, and for good reason: Commercial property offers investors attractive benefits, including much higher rental yields and diversification, but also an increased level of sophistication that calls for deeper […]
The Beginner’s Guide To Property Investment
Most property investors in Australia start with residential property investment. However, as you get past your first (or second) property, commercial property investment may hit your radar, and for good reason: Commercial property offers investors attractive benefits, including much higher rental yields and diversification, but also an increased level of sophistication that calls for deeper […]
