As we bid farewell to another financial year, we reflect on the milestones achieved, lessons learned, and the exciting opportunities that lie ahead. It has been a transformative period for the financial landscape with many challenges, but equally opportunities, to navigate.

 

The end of the financial year marks a time of reflection and planning. It is a moment to assess our financial goals, make strategic decisions, and explore avenues for growth. 

 

The past year has presented its fair share of twists and turns. We have witnessed fluctuations in interest rates, evolving lending regulations, and shifting economic landscapes. However, amidst these fluctuations, one thing remains constant at AAA Mortgages - our commitment to serving you with professionalism, integrity, and tailored solutions that meet your unique needs.

 

As we embark on a new financial year, we are excited about the opportunities it presents. Whether you are a first-time homebuyer, a property investor, a business in need of lending solutions, or looking to refinance, our team is here to empower you with knowledge, explore financing options, and facilitate smooth transactions every step of the way.

 

We had a big June to round out the Financial Year, attending the MFAA Conference at the ICC in Sydney (with some very interesting takeaways!), our General Manager and commercial broker Melissa Ashcroft was nominated for another huge award, and some interesting developments in the world of commercial finance and mortgages - if you're a small-to-medium business, now might be a great time to think about purchasing your premises and getting out of the renting game.

 

But don't worry, July is coming in hot too with another prestigious industry award nomination for the AAA family - read on to find out more!

 

AAA are here to help our clients navigate changing rates and financial circumstances. 

Manager Director John Macalyk and General Manager Melissa Ashcroft attended the MFAA National Conference at ICC Sydney last month, and it was fascinating.

 

They heard from industry experts about consumer behaviour in the world of lending, and why people make the decisions that they do. Essentially, people are irrational, and will spend and extra $10 on their order to get free shipping, rather than pay the $5 shipping in the first place... it's all about the emotional impact of losses vs gains.

 

Increasing population growth was a hot topic, with a significant shortfall in dwellings looking likely over the next 10 years. So understanding the future of the lending market is crucial - for example, did you know that, thanks to Gen Z, the bank of Mum and Dad is now Australia's fifth biggest lender?

 

All of these learnings help us at AAA Mortgages to understand how we best service the needs of our clients in a rapidly evolving lending market, with market and economic conditions in place to likely produce a property boom. We are here for you!

 

John, Melissa and the AAA Team are experienced, thorough, and highly regarded in the industry. Go to our website to make an appointment and get your complimentary expert advice. This is for all new and existing AAA clients, so if you know someone that has never used AAA Mortgages before, we'd love to hear from them.

What exactly is a commercial mortgage?

 

It's not a home, but it is likely to be one of the biggest investments you'll make for your business. Lots of SMEs rent their premises, but have you ever thought that perhaps now is the time to buy somewhere and you'll have an property asset for your business?

 

At AAA Mortgages, we work with both bank and non bank lenders, as well as LVR up to 80%. This figure is rare in the commercial lending world, so it could be easier to enter than market than you think.

 

Read our blog here to learn more about what a commercial mortgage is and how it can help your business. We also shared on our socials earlier this month some interesting points about what it takes to be one of the top commercial lenders in Australia. You can find it here. Also, make sure you're following our socials to ensure you don't miss out on gems of industry information just like this one.

 

Contact our commercial broker Melissa Ashcroft today to find out what options she can tailor for you business.

SMEs have parents too.

 

But sometimes they are so busy in their business that they don’t spend time thinking 'how are Mum and Dad are getting along? Are they happy? Do they have enough disposable income to satisfy their travel wishes, their comfortable living requirements, their out of pocket medical expenses? Chances are they worked hard their whole life, and they should now be able to enjoy their Golden years comfortably.

 

I think it was about 15 years ago, my wife’s Aunt had a fall and had to have home care. Well, my wife and her brother had to chip in, chip in and chip in, again and again, until my brother-in-law asked me 'John, can you arrange a Reverse Mortgage?'

 

That was my very first Reverse Mortgage, and now I continue to do them because I’ve come to realise how important they are, not only for the parents but also for their children.

 

At my first conference about 14 years ago, I was told that once a person enters a retirement or aged facility, their average life expectancy from that point was approximately 5-12 years. At last year's conference, this figure had changed to 2-5 years, especially if there is already a pre-existing or underlying condition. Only last week, research showed that for any broken bone, life expectancy reduces by approximately 2 years in the aging population.

 

So what message do we take from all this? Keep your parents in their own home as long as possible. Where they are comfortable and familiar with their surroundings.

 

And to do this, a Reverse Mortgage can help. You can get a line of credit, e.g. $100,000, without attracting interest unless you drawn down funds. Even if you need a lump sum at settlement, you don’t have to pay any monthly interest if you don’t want to.

 

As our population ages, it's important to know that there are options like these out there. The current market and economy requires knowledgeable and creative solutions to ensure you are well equipped to enjoy your retirement years - you've earned it!

The 'AAA' Financial Group We have three business arms, each run by an independent senior management team. 1) 'AAA' Mortgages Brokerage More than 80 bank and non-bank finance options 2)) 'AAA' Debt Advisory Expert and strategic Debt Advice for Family Offices and Senior Debt Requirements and Planning.   3) 'AAA' Money Our Wholesale funding program for Residential and Commercial Loans.