However, Knight Frank suggests its central case for house prices remains that a recession “will not get thrown into the mix”. The analysis follows the BoE’s decision to increase the base rate a further 25 basis points to 1%, marking the fourth rise since December 2021. The Monetary Policy Committee (MPC) projects inflation to rise to 9% […]
Tag Archives: growth
15
May
May
In March, Melbourne non-bank commercial lender Equity-One was acquired by Westlawn Finance Limited. Located in northern NSW, Westlawn has nine branches that provides a range of financial service including personal loans, mortgage broking, business loans, and insurance broking. Equity-One managing director Dean Koutsoumidis (pictured) said it was business as usual since the acquisition had been finalised. […]
29
Apr
Apr
However, threats to the short-term outlook from inflation, construction costs and rising interest rates were now causing investors to revise their profit expectations, just as the market was witnessing robust growth in multifamily and industrial and reporting a continued recovery in office, retail, and hospitality. Tina Lichens (pictured), chief operating officer at LightBox who conducted […]
15
Apr
Apr
Avi Shemesh, co-founder and principal of CIM Group, said: “The high level of activity in the first quarter follows a robust 2021 w. we saw a strong uptick in demand in southern and southwestern markets such as Atlanta, South Florida, Phoenix, and Austin, particularly loans secured by office, apartment, and mixed-use properties.” Additionally, CIM Real […]
04
Apr
Apr
Inevitably, if you mention ‘real estate’ and ‘Florida’ in the same sentence, the issue of Russian money comes up. With so many wealthy Russians having either bought properties or settled in the state – Sunny Isles Beach in South Florida is known as ‘Little Moscow’ for a reason – and with President Biden now vowing […]
01
Apr
Apr
Australia’s rampant home price growth slowed further in March, lifting by 0.34%, the slowest pace of growth since May 2020, according to the PropTrack Home Price Index. The PropTrack Home Price Index is an Australia-first monthly revised residential property price index just launched by REA Group’s data business, PropTrack, to deliver timely insights on home prices […]
27
Mar
Mar
Business finance lender Fifo Capital has bolstered its business development team to grow its broker network and offer brokers more support. Hasitha Ratnayake “Has” (pictured) has been appointed as Fifo Capital’s senior business development manager. “The addition of Has to the team allows us to continue our growth and bolsters our position as a key […]
26
Mar
Mar
It was during an internal assessment that the disparate functions used by brokers piecemeal became clear, Shamp recalled. “When we were trying to figure out which companies we needed to partner with, we realized we had three fragmented solutions and people were having to jump from one system to another to check those boxes. As […]
26
Mar
Mar
Business is booming at Brighten Home Loans with loan originations up 208% year on year and staff numbers increasing by 70%. The non-bank lender has welcomed twelve new members to the team so far this year. “We have recently appointed a new BDM, Jay Allen, to the team who joined us from La Trobe Financial […]
17
Mar
Mar
The multifamily market continued to defy expectations in February as rent growth soared to a new peak of 15.4%, according to the Yardi Matrix Multifamily National Report. Multifamily asking rents increased $10 last month to a national average of $1,628, up 15.4% from a year ago. Single-family rentals also exceeded past performances, with SFR asking […]
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