Business Summit Success

After months of planning and shifting of dates, on Feb 10th 2022, Style Finance Group CEO Bernadine Geary brought two of her businesses together for the inaugural Frankston and Mornington Peninsula Business Summit. Hosted by Style Finance Group, and showcased by skating rink turned function venue Sk8house, this event brought together 150 + local business owners, government representatives and finance …

What does the expanded Home Guarantee Scheme mean for you?

Just announced! Changes to the First Home Guarantee (previously known as the First Home Loan Deposit Scheme) and Family Home Guarantee; and introduction of a Regional Home Guarantee. These changes, which will come into affect from July 1st 2022, include expanding the number of guarantees available as well as radically increasing many of the price caps right across the country. …

Make Sure Your Home Stays Yours

A lot can happen over your lifetime which may put your lifestyle and your home at risk. So, it goes without saying that it’s worth considering how you might protect yourself financially if something unexpected were to occur. It wasn’t something Joel and Anna had thought about. Until their broker suggested they look into how much insurance they had in …

Budget 2022-23 – First Home Buyers are Big Winners

Federal Budget 2022-23 delivers more help for First Home Buyers, Regional Home Buyers and Single Parent Families. This year the government has recognised that increasing housing prices coupled with increased lending requirements across the banking system has made it difficult for first home buyers.  Some welcome help is on the way. Affordable Housing and Home Ownership First home buyers were …

Are borrowers ready for a rate rise?

Most borrowers are ready for a rate rise?  Did you know you could lock in your fixed rates when applying for a home loan? For months we have heard that the cash rate isn’t expected to rise for another two years, but recent rumours have sparked speculation that the rise could be brought forward to as early as November next …

Do you have ATO debt greater than $100k?

For many businesses, ATO debt can be a serious issue. At the end of 2020 ATO debt stood at around 34 billion – this is its largest ever debt.  Change in legislation means unpaid business tax is reported to credit agencies. In 2018, legislation was passed that empowered the Australian Tax Office to start reporting unpaid business tax debts to …

Will NSW and Victoria SME’s thrive after lockdowns?

While it’s understandable to think that many business owners are languishing in lockdown, findings from a recent survey paint a very different picture. The survey was commissioned by Corporate Traveller Australia, the SME travel provider and questioned an independent panel of 161 SME business owners in NSW and Victoria. More than a quarter had not been impacted by the lockdowns …

Covid support for business

With Covid-19 lockdowns once again wreaking havoc across the country, particularly in our eastern states, extensions to COVID Support have been announced in NSW and VIC by the Federal and State Governments.   New South Wales Job Saver Programme that opened on Monday is the new and improved Job Keeper programme from 2020.  – Businesses with: Annual sales between $75,000 to $250m …

First Home Buyers – it’s time to get excited!

First Home Buyers are rejoicing at the recent announcement from the Australian Government. The Treasury has expanded the property price caps for homes purchased under the First Home Loan Deposit Scheme and Family Home Guarantee, which apply from 1st July 2021. A total of 30,000 places will be made available under the First Home Loan Deposit Scheme range of schemes in …

Budget 2021-22 – what does it mean for you?

The 2020-21 federal budget has been handed down. On top of tax cuts for more than 10 million people, it also outlines a range of steps to support home ownership and help small businesses recover from the coronavirus pandemic. Home Ownership Measures implemented last year, such as the First Home Loan Deposit Scheme and the HomeBuilder scheme, would appear to have contributed to …