FNX Finance Group in Surfers Paradise, Queensland | Local service

FNX Finance Group

Locality: Surfers Paradise, Queensland

Phone: +61 7 5574 0500

Address: Level 7, 33 Elkhorn Av 4217 Surfers Paradise, QLD, Australia

Website: http://www.fnx.com.au

Likes: 100

Add/Update information

Reviews

Tags

• Local service
• Financial service

25.01.2022 Joint initiative of the Business Council of Australia and certified Indigenous business advocate Supply Nation 'Raising The Bar' has so far attracted 16 signatories that will collectively spend $3 Billion with indigenous suppliers over five years. https://www-westpac-com-au.cdn.ampproject.org//raisin/amp/

24.01.2022 https://www.news.com.au///d7753873318d318cb1b12b1dadbb4d2d

24.01.2022 The Gold Coast market is much larger than many realise. It is the sixth largest urban area (in terms of resident population) in Australia and is also the country’s fifth-biggest tourist market. And the Gold Coast’s growth is expected to accelerate in coming years. For example, over the last decade, the Gold Coast grew by 12,500 new residents per year. This annual increase is expected to increase to 14,750 over the next ten years, yet current growth rates exceed 17,500 ...per annum. Assuming the projected increase occurs, this means that there is a need to build about 6,000 new dwellings per annum. And importantly half of this new housing demand will come from three housing segments being downsizers, retirees and aged households. Yet the housing market is undersupplied with the right stock and also future development sites. Our table below outlines the current state of play when it comes to major apartment development on the Gold Coast. There is a growing demand for higher density living and especially apartments that cater for the 60+ age group. However, our work shows that most of the new apartments built on the Gold Coast in recent years have been small. The same trend applies to the proposed stock. Many in this target market are well-heeled and are looking for larger apartments, in high-quality projects which offer security, the appropriate amenity and an opportunity to live with ‘similar’ people. They don’t want to live with tourists or in buildings with multiple-tenanted rentals. Understanding the psychographics here are as important as the demographics. In summary, the Gold Coast is facing a severe shortage of appropriate developable land and the current crop of proposals offer small apartments, which largely target negatively geared investors and offer very little in the way of amenity or points of difference.

24.01.2022 NAB COMMERCIAL PROPERTY SURVEY Q4 2017; https://business.nab.com.au//NAB-Commercial-Property-Surve

23.01.2022 https://www.afr.com//apartment-building-contracts-at-its-f

23.01.2022 QLD government will be unveiling a new rent-to-build scheme, providing more accessible rental properties close to the city. Canberra have quickly followed suite revealing a 16 storey rent-to-build proposal. Read more on our recent website post!

23.01.2022 A Coles in Melbourne has sold for a record $17,115,000 https://www.commercialrealestate.com.au//coles-clayton-se/

21.01.2022 Construction has started on a $4million leisure centre in Helensvale https://www.realcommercial.com.au//sod-turned-at-new-gold-

20.01.2022 Yaru Water is a Northern NSW based manufacturer of natural spring water from the Mount Warning range and we provided a solution to purchase and construct a new water bottling plant. The equipment is purchased from Europe dominated in Euro and FNX is managing the import finance process as well as the construction finance for the facility that will house the equipment located in Uki NSW. Yaru Water is a social enterprise with a not for profit Foundation at the heart of its ope...rations. Every time a bottle of Yaru Water is purchased, a donation is made to the Foundation to help implement projects that address the health gap between Indigenous and non-Indigenous Australians. One such project was a water filtration project in the Aboriginal community of Pandanus Park. This filtration system provides over 5000 litres of safe, clean, drinking water every single day, to a community who has been unable to consume it’s tap water for some time due to contamination. We are excited to see what actions Yaru Water, the Yaru Foundation, and the co-founders Shaun & Tessa Martin take, helping the Indigenous communities in the future.

20.01.2022 SMALL INVESTORS ARE LINING UP FOR COMMERCIAL PROPERTIES IN REGIONAL AREAS "Interest parties have included mum-and-dad investors, one Sydney-based buyer and a Queensland-based buyer. And the agents said given the level of interest it could be sold before auction." https://www.commercialrealestate.com.au//small-investors-/

20.01.2022 https://www.news.com.au///66a44b205c0f5d001d3d1ce816604ca8

18.01.2022 In a legal first, a New Zealand landlord has been awarded the profits earned by a tenant illegally sub-leasing a rental property on Airbnb. The tenant had sub-leased his rented Bellagio Apartment in central Wellington at least 54 times over a six-month period, making more than $12,450 in revenue. The Residential Tenancies Act does not specifically allow for landlords to recover profits earned by a tenant through sub-leasing, even when it’s in breach of their Tenancy Agreement, and lawyers believe the case is the first nationally to result in such a ruling.

17.01.2022 House prices looking a bit shaky April prices to date: SYD -0.4% (-4.4% since peak) MEL -0.3% (-1.1% from peak)... BRI 0.0% PER 0.0% (-11% from peak) ADE 0.1% 5 cities -0.3% (-1.9% from peak). @corelogicau See more

17.01.2022 https://www.theherald.com.au//strong-result-for-hunter-c/ 20 year lease to a private company

14.01.2022 We've compiled an overall QLD market update, thanks to the sector updates provided by Jones Lang Lasalle. Take a look at our most recent post to find out more. As always, give us a call on 07 5574 0500 with any questions!

14.01.2022 Today we present the fifth in our series of analysis on the selling market for Management and Letting Rights (MLR). We have been collating this data quarterly since June 2017 and the following is a broad summary; *Stock levels continue their growth which commenced in January 2018. There is now $1b of MLRs on the market. *This has largely been in the Permanent and to a lesser extent the Corporate space. *The average listing period of all buildings has been 71 days in the las...t quarter. With an additional 90-100 days to complete settlement. *There is about 0.2x lower multiplier for Standard Agreements over Accommodation Agreements. *In the Permanent Space buildings are been listed with around 80% of the agreement term available and its lower for Holidays at 70%. You can find the full detail and some simple graphs here: http://fnx.com.au//up/FNX-Market-Update-September-2018.pdf You’re welcome to share this document with your clients, colleagues and friends. FNX is one of the leading arrangers of Finance in the Management Rights space and we pride ourselves on our experience, service and knowledge of the industry. We welcome any feedback or if you would like to call to ask any further questions on our reports we would love to hear from you!

13.01.2022 Business Interest Rates have increased this year....

13.01.2022 Factors to think about when developing property https://www.realcommercial.com.au/news/developing-property

12.01.2022 NAB Property Price Forecast * NAB forecasts that Australian house and apartment prices will fall this year, led by weakness in Sydney. * House prices are expected to increase or remain flat in all other capital cities. * It tips apartment prices nationally will fall both this year and next.... https://www.businessinsider.com.au/sydney-house-prices-fall

11.01.2022 Do you own a small business, including management rights? The ATO is implementing changes (as of 1/7/19) to single touch payroll. To find out if this will effect you, have a read of our most recent post!... http://fnx.com.au/ato-changes-single-touch-payroll-effect-/

11.01.2022 Today we present the seventh in our series of analysis on the selling market for Management and Letting Rights (MLR). We have been collating this data quarterly since June 2017 and the following is a broad summary; Stock levels are continuing to slightly decrease from our January 2019 update. This has largely been in the holiday space, with permanents increasing. The average listing period of all buildings has been 72 days in the last quarter. With... an additional 90-100 to complete settlement. There is about 0.1x lower multiplier for Standard Agreements over Accommodation Agreements. There is the full detail and some simple graphs by following the link below. You’re welcome to share this document with your clients and colleagues. FNX is one of the leading arrangers of Finance in the Management Rights space and we pride ourselves on our experience, service and knowledge of the industry. We welcome any feedback or if you would like to call to ask any further questions on our reports we would love to hear from you!

11.01.2022 ARE MANUFACTURED HOME ESTATES AN AFFORDABLE RETIREMENT HOUSING OPTION? "MHEs may offer a more affordable alternative with remarkable investment benefits in a highly demand driven market. However, there is a lack of industry information available." https://www.propertyobserver.com.au//96372-are-manufacture

10.01.2022 We wish all of our clients a Merry Christmas, a Happy New Year and a safe break! We are closed until the 14th of January, however please feel free to call your broker on their mobile directly or email [email protected] if anything urgent arises. The FNX Team!

08.01.2022 "Apartment completions on the Gold Coast peaked in 2018, with supply expected to contract by 30% over 2019. To date, there appears to be no adverse side effects from the increased supply levels, as rental rates have remained resilient and capital growth remains positive."

07.01.2022 TIGHTER CREDIT RULES CRIMP BUYERS AT ONE OF THE FIRST COMMERCIAL PROPERTY AUCTIONS OF 2019 We’re hearing it a lot from investors, it’s no secret that it’s not so easy to get money out of the banks these days, Mr Staddon said." https://www.commercialrealestate.com.au//tighter-credit-r/

07.01.2022 Today we present the eighth in our series of analysis on the selling market for Management and Letting Rights (MLR). We have been collating this data quarterly since June 2017 and the following is a broad summary; Stock levels have started to increase from May 2019. This has largely been in the permanents and student accommodation space, with holiday also increasing. The average listing period of all buildings has been 74 days in the last quarter. Wit...h an additional 90-100 to complete settlement. Click the link below to see the full detail and some simple graphs. We've also provided a summary of the Gold Coast, Brisbane and Sunshine Coast management rights market. You’re welcome to share this document with your clients and colleagues. http://fnx.com.au//upl/FNX_Market-Update_0919_Proof-V2.pdf

07.01.2022 The ATO has made changes to GST withholding for certain taxable supplies of property. These changes are applicable from July 1st 2018, but may apply to contracts signed prior, depending on their settlement date. We have made a post with some brief information, however please visit the ATO website or speak to your solicitor if you have any further enquiries. http://fnx.com.au/gst-withholding-certain-taxable-supplies/

05.01.2022 We've uploaded our most recent Management and Letting Rights newsletter to our website. This is the sixth series of our newsletter, and we've been getting a lot of great feedback. Please follow the link below for our summary and a link to the entire newsletter. ... http://fnx.com.au/management-letting-rights-quarterly-puls/ If you have any questions, don't hesitate to get in touch. 07 5574 0500 [email protected]

04.01.2022 Congratulations to Natalie, one of our Finance Specialists who presented at the Robson and Robson Property Investment Workshop in Sydney on Wednesday. Natalie's presentation included an overview on lenders policy on genuine savings, minimum deposit amounts, borrowing capacity and employment types. As a Credit Representative we have access to over 30 lenders so we are able to match you with the best lender based on your individual circumstances. ... If you would like more information on any of the above for purchasing your next home or investment property please contact Natalie on 0437 588 689

03.01.2022 We're looking for a new loan processor and administration assistant. If you think this is something you could excel at, follow the link below!

03.01.2022 OPEN HOME THIS SATURDAY and SUNDAY - 11am to 11:30am! We can also organise a private inspection anytime if you’re travelling to the Gold Coast from interstate. https://www.realestate.com.au/property-house-qld-mermaid+wa

03.01.2022 Rate of development in Australia slumps to a six-year low - New building approvals have hit a six-year low, according to the latest figures, as the rate of construction continues to fall. - That’s bad news for the more than 1 million Australian employed in the construction industry, with approvals signalling upcoming demand. - It could however signal a bounce in Sydney and Melbourne house prices is on its way, with the risk of oversupply now off the table and auction clearance rates continuing to pick up.

01.01.2022 With market changes happening, how has this effected retail sales? We have a summary of December 2018's results below: Retail Trade December 2018 Retail trade down -0.4%, missing market expectations for an unchanged reading on the previous month. Retail trade is up 2.8% y/y.... State retail turnover: o fell in NSW (-0.6% m/m, +1.7% y/y) o fell in Vic (-0.5% m/m, +4.5% y/y) o fell in Qld (-0.1% m/m, +3.5% y/y) o fell in SA (-0.3% m/m, +0.9% y/y) o rose in WA (+0.1% m/m, +1.2% y/y) Food (+0.5% m/m) and cafes, restaurants & takeaway (+1.1% m/m) were the only categories to see a rise in spending. Sales were weakest in household goods (-2.8% m/m). Across our states, sales were consistently weak with WA the only state to not see a decline in retail sales. With large online sales events such as Black Friday, Cyber Monday and Vogue shopping night driving sales in November, Christmas spending habits appear to have been brought forward. The negative wealth effect associated with falling house prices, combined with consistent underwhelming wages growth is expected to continue impacting consumer confidence, and as such the outlook for retail trade remains soft. Over all Q4 2018 (October, November & December) volumes dropped to 0.1% q/q & 1.6% y/y; bearish sign for overall consumption. Retail volumes in Q4-18 weakened further to +0.1% q/q (UBS +0.3%, mkt: +0.5%), equal weakest since 2016, after 0.2%. The y/y slowed to just 1.6%, worst since Q1-17, after 2.3%. Separate data on car sales also slid ~3.7% q/q, albeit rebounded in Jan-19. * m/m refers to changes from Nov-18 to Dec-18; y/y refers to changes from Dec-17 to Dec-18

01.01.2022 APRA to remove banks' interest-only lending restrictions. What will this mean for you? Have a read of our most recent post, and get in touch by calling 07 5574 0500 with any questions! http://fnx.com.au/apra-remove-banks-interest-restrictions/