Brokers are being urged to discuss with their SME clients, the potential cash flow concerns that can arise for non-retail business over the holiday season. SME lender Prospa has found that two-thirds of small businesses succumb to some amount of financial stress over this period, which is largely attributed to the lack of funds flowing into the business.  

Propsa’s recent broker poll highlighted one of the major reasons that small business owners seek financial advice is due to managing cash flow, with more than half of the brokers saying so. Other reasons noted were financing for new or upgraded equipment (20%), expanding the current business (12%) and covering BAS and ATO debts (10%).  

Capita broker Adam Donald joined Editor of The Adviser, Annie Kane and Managing Editor of Mortgages, James Mitchell on an episode of Elite Broker, a podcast powered by The Adviser.

Adam was recently named WA’s best residential broker by The Adviser, and is a national finalist in the The Adviser Broking Awards for 2018 (in the Customer Service Award category).

Will there be insulation around the Australian property market prices? With some of the lowest interest rates we have seen in recent times, and the government’s mortgage repayment relief measures, together these could potentially create a property bubble. All the while, we teeter around the edge of potential price drops.