Proximity Capital

03/09/2025

13/05/2025

“Jim and the team at Proximity Capital have been nothing short of wonderful and professional when it came to financing a company car for my Chiropractic business.

They were able to find competitive lenders and made the process of application and documentation quick and easy.

I would highly recommend Proximity Capital for all business financing needs."

Dr Jade Chang - Chiropractor QLD

08/04/2025

“We have been working with Jim and his team at Proximity Capital for the last couple of years, and have had nothing but wonderful experiences.

Jim’s ability to provide a high level of professionalism, expertise, support and communication for our short and long term goals has been outstanding.

We highly recommend Jim as a part of your financial team, especially for Chiropractors, and are excited to continue working with him on our future goals”

Dr Elle Ralph - Chiropractor

26/03/2025

𝐃𝐫 𝐉𝐞𝐬𝐬𝐢𝐞 𝐁𝐮𝐫𝐠𝐞𝐬𝐬 - 𝐂𝐡𝐢𝐫𝐨𝐩𝐫𝐚𝐜𝐭𝐨𝐫 . 𝐐𝐋𝐃

“Jim and the team have been nothing short of fantastic.

We’ve been working with Jim for a few years and he has helped us immensely, acquiring multiple different loan products for different purposes.

He is always hasty with any form of communication and our experience has been exceptional.

We will continue to work with Jim for all our future endeavours.

Thanks Jim and the team “

30/01/2025

𝐆𝐨𝐨𝐝 𝐍𝐞𝐰𝐬 𝐟𝐨𝐫 𝐁𝐨𝐫𝐫𝐨𝐰𝐞𝐫𝐬: 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐃𝐫𝐨𝐩𝐬, 𝐑𝐚𝐢𝐬𝐢𝐧𝐠 𝐇𝐨𝐩𝐞𝐬 𝐟𝐨𝐫 𝐑𝐚𝐭𝐞 𝐂𝐮𝐭𝐬

Australia’s inflation is cooling, increasing the likelihood of interest rate cuts by the Reserve Bank of Australia (RBA).

The latest Consumer Price Index (CPI) report shows annual inflation dropping to 2.4%, while the key “trimmed mean” inflation measure fell to 3.2%—closer to the RBA’s target range.

With price pressures easing and economic momentum slowing, major banks—including ANZ, Westpac, and Commonwealth Bank—are predicting a potential rate cut as early as February.

If the RBA moves ahead, it would provide much-needed relief for mortgage holders and investors after more than a year of high interest rates.

Australian Broker - January 30 , 2025

26/01/2025

𝐀𝐫𝐞 𝐲𝐨𝐮 𝐫𝐞𝐥𝐲𝐢𝐧𝐠 𝐨𝐧 𝐚 𝐫𝐚𝐭𝐞 𝐜𝐮𝐭?

With many Australians feeling the pressure of 13 consecutive interest rate hikes, 71% of mortgage holders are reportedly depending on a potential rate cut to help manage their repayments.

But relying on a decision that’s out of your hands can be risky.

Instead of waiting, there are proactive steps you can take to ease the financial strain.

Refinancing your mortgage or negotiating a better deal with your current lender could lead to immediate savings.

For example, reducing your interest rate by just 1% could save up to $230 per month on a $500,000 mortgage.

Even if the Reserve Bank announces a cut, the savings you generate now could help you get ahead, whether you choose to reinvest into your mortgage, pay down other debts, or boost your savings.

Don’t wait for change—take control of your finances today.

Source: Australian Broker, January 2025

15/01/2025

As we move into 2025, the mortgage market is expected to see rising demand for refinancing and shifts in lending conditions.

For consumers, this means it’s more important than ever to stay informed about interest rate trends, evaluate your current loan structure, and explore refinancing options if they align with your financial goals.

Understanding how economic changes might impact borrowing power and repayments can help you make confident, informed decisions about your financial future.

Source: BrokerDaily Jan 2025

02/01/2025

𝐒𝐦𝐚𝐥𝐥 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬: 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐭, 𝐁𝐮𝐭 𝐅𝐞𝐞𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐏𝐫𝐞𝐬𝐬𝐮𝐫𝐞

Small- to medium-sized enterprises (SMEs) across Australia are facing mounting challenges, with cash flow topping the list of concerns for nearly 40% of business owners.

Rising operational costs, workforce shortages, and the struggle to retain skilled staff are keeping many owners up at night.

Despite these hurdles, Australian business owners continue to demonstrate incredible resilience.

Measures like tax cuts, reduced fuel prices, and improved work-life balance are helping ease some pressures. However, challenges like hiring qualified employees and navigating red tape remain significant obstacles, particularly in regional areas.

On a positive note, key sales events like Black Friday and Cyber Monday in 2024 brought a much-needed boost, with spending up 23% compared to a regular weekend.

This blend of determination and creativity is why Aussie SMEs remain the backbone of the economy, even during tough times.

Credit: Broker Daily (27/12/2024)

09/10/2024

🚨 Attention First-Home Buyers & Homeowners in the Northern Territory! 🚨

The most generous housing grant scheme in Australia is NOW OPEN!

The Northern Territory government is offering incredible financial support to help you own your dream home.

🌟 First-Home Buyers 🌟

• Get a $50,000 grant for buying or building a new home in the Territory!

• Or, receive a $10,000 grant when purchasing an established home!

• No caps on purchase or build prices – it’s your time to own your future!

🏡 Existing Homeowners 🏡

• Take advantage of the FreshStart New Home Grant with a $30,000 boost for building or buying a new home in the NT!

Chief Minister Lia Finocchiaro calls this the “most generous home build scheme in the nation” – it’s your chance to get ahead despite the rising cost of living!

💡 Don’t miss out! Whether you’re a first-time buyer or looking to upgrade, this program is available for a limited time. Start your journey towards home ownership today.

📅 Program runs until September 30, 2025.

Ready to take the next step?

Contact us now for more details and personalized assistance!

https://nt.gov.au/property/home-owner-assistance

08/10/2024

🏡 August Housing Market Update: What You Need to Know 🏡

We’re seeing a shift in the housing market, with lending and prices cooling down after a busy July. Here’s the scoop from the latest data:

🔸 Lending Slowdown

Housing lending (excluding refinancing) slowed to just 1% in August, a big drop from the 3.5% rise in July. Interestingly, investor lending is still on the rise, up 1.4% in August and an impressive 34.2% over the past year.

📈 Hotspots in Investor Lending

Queensland is leading the way, with a 58.5% increase in investor lending year-on-year! Western Australia isn’t far behind, seeing a 58.1% rise. Investors are clearly seizing opportunities in these regions.

🏗️ Building Approvals Decline

In August, building approvals fell by 6.1%, reversing July’s growth. Private unit approvals took a hit, down 16.5%, but private house approvals rose slightly by 0.5% month-on-month.

🏠 Housing Prices Cooling

Overall, capital city housing prices slowed, growing by just 0.5% in September. However, Perth and Adelaide are bucking the trend, with price increases over 1%.

📊 Looking Forward

Experts expect housing prices to rise by 7.3% in 2024, with stronger growth likely in Perth and Adelaide compared to Melbourne and Hobart. It’s a great time to plan ahead, especially if you’re eyeing investment opportunities!

Source : ANZ Monthly property report

23/09/2024

Rising Cost of Living Outpaces Housing Affordability for Aussie Home Buyers

A new report from Lenders Mortgage Insurance (LMI) provider Helia reveals that the rising cost of living has now become the biggest challenge for Australians aspiring to buy a home.

54% of respondents highlighted cost-of-living pressures, overtaking housing affordability, which was identified by 43%.

According to Helia’s 2024 Home Buyer Sentiment Report, the difficulty of saving for a deposit has increased for 85% of respondents.

In Sydney, it now takes 14 years on average to save for a 20% deposit on a house, while in Melbourne and Brisbane it’s around nine years.

Despite these challenges, optimism is on the rise, with 7 in 10 prospective buyers believing now is a good time to purchase property.

Families are playing a bigger role, with 63% of first-home buyers receiving financial assistance from their parents in 2024.

However, this support is shifting from upfront deposits to helping with ongoing costs like mortgage payments.

As saving becomes harder, LMI is gaining popularity. 77% of first-home buyers are considering using LMI to buy with less than a 20% deposit, up from 59% last year.

The report also highlights the sacrifices home buyers are making, with many working overtime, taking on second jobs, and cutting back on non-essential spending.

Despite the challenges, buyers remain determined, exploring options like moving to outer suburbs or buying smaller homes and apartments.

For many, mortgage brokers have become a crucial resource, with 91% of first-home buyers saying they are likely to seek professional help to navigate the complex market.

17/09/2024

As cost-of-living pressures rise, more homeowners are feeling the strain of managing mortgage repayments.

A recent survey by the Mortgage and Finance Association of Australia ( MFAA) highlights that while home loan serviceability remains a challenge, there are positive signs, including wage growth and tax cuts providing some relief.

Here are a few key takeaways from the report :

- Borrowers are facing new financial pressures, not just from mortgages but from everyday expenses like childcare and energy bills.

- The number of "mortgage prisoners" – those unable to refinance – has decreased, thanks to more flexible refinancing options.

- Brokers play a key role in helping borrowers find better deals or renegotiate with their current lender, potentially saving thousands over the life of the loan.

If rising costs are adding pressure to your budget, now might be a great time to explore refinancing options.

A conversation with a broker can help uncover opportunities to save on your home loan and improve your financial situation.