The federal election is done & dusted with the outcome being, well; same same. So what does this
mean for small business & the property market? Reading commentary from multiple sources, it’s
good news for both in terms of policy & certainty for small business owners.
After a long period of uncertainty around the potential impact of tax changes that may or may not
be implemented together with the ongoing volatility of the property market investors are now likely
get back into the market, once again driving property prices higher.
This is a very important development for small business in an environment when banks &
alternative lenders continue to be cautious regarding unsecured lending. Why, because banks
love bricks & mortar as security. This is not so good when all your business finance needs to be
secured by your residential property which has likely dropped in value by 10% over the past couple
of years. This either;
Governments will always struggle with introducing policy that is good for all Australians. Having
said this I think everyone agrees that the SME sector is vitally important to the Australian economy.
There are well over 2,000,000 small business in Australia accounting for 40% of the Australian
workforce & generating a third of the country’s GDP. These are really impressive figures & small
businesses should be proud to be an integral party of the Australian fabric.
With this, it’s fair to say that the SME sector is critical to Australia’s wellbeing both socially &
economically. What impacts us, impacts all Australians.
In the lead-up to the recent federal election a major bank survey found that;
The good news is that no matter what your political persuasion, the re-election of the Morrison Government has injected confidence & certainty to the property & small business sector. So what we should see now is;
SME’s will start making decisions about how to grow their business. With confidence comes innovation & growth. So;
The missing positive link is the low interest rates that are (in part) a result of low market confidence. This is a fantastic opportunity to access cheap capital which should be utilised by business owners to accelerate growth. Capital is cheap, use it wisely. If you can borrow at 5% to grow at 20%, that is a very good investment.
In closing, it’s time to start moving & take the decisions you’ve been putting off. Worrying about might happen will not improve your business. Being confident, taking steps to grow & innovate your business is the best investment you can make in your future.
At Clear Options Finance we are here to support you & give you guidance around where you can access funds to grow your business. We will take the time to sit with you & discuss your plans & the best way to achieve your dreams.
Your business is our business.
To arrange a free 1 hour consultation with Clear Options Finance call me on 0478 732 343 or email firstname.lastname@example.org