Southshore Finance in Perth, Western Australia | Financial service

Southshore Finance

Locality: Perth, Western Australia

Phone: +61 8 9474 1999

Address: 3/47 Forrest Street 6008 Perth, WA, Australia

Website: https://www.southshorefinance.com.au

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16.01.2022 While incentives roll-out for #homebuyers, serviceability may count you out! Southshore Finance Director Michael Coombes, as quoted by Domain warns that Loans are still being approved, but banks have no tolerance for anything outside their credit policy, not even the most basic matter. Coombes says #lenders will take into account JobKeeper and JobSeeker payments when assessing loan applications - and use lowest "income" point. #finance #realestate #perth

15.01.2022 Allowing borrowers to increase their debt level through capitalising interest, combined with reduced property values, could rapidly lead to homeowners losing their equity. Southshore Finance Director Michael Coombes as quoted by domain.com.au.

14.01.2022 "We’ve had a lot of phone calls about this but plenty of people don’t meet the criteria, which is typical of these government announcements, says Southshore Finance Director Michael Coombes. #finance #renovations #property

13.01.2022 Domain; Smaller lenders start to take market share from big banks, but Southshore Finance Director Michael Coombes warns caution - "During the GFC we saw the non-majors withdraw approvals prior to settlement and jack up interest rates... While regulatory changes since have reduced the risk of this type of behaviour, the potential still exists" Read More >> https://www.domain.com.au//smaller-banks-starting-to-take/ #financeindustry #financetips #financialadvice

11.01.2022 With the recent lifting of restrictions in WA we have experienced a significant increase in demand for commercial funding. Interestingly it has been primarily for #investment and #expansion purposes. This is a good sign that the WA economy is shaking off the effects of COVID-19 and getting back to #business.

09.01.2022 In the Domain article, Southshore Finance Director, Michael Coombes says the arguments in support of buying a home involve more than merely financial considerations such as stability for the family unit. #homeownership #finance