Australian residents selling real property will need to obtain a clearance certificate prior to settlement to avoid incurring the 12.5% non-final withholding tax that is applicable to foreign residents. The Australian Taxation Office (ATO) requires 12.5% of the sale price to be withheld by the purchaser unless the vendor produces the clearance certificate indicating that…

Be on high alert – Scammers target WA property industry During the last week, Consumer Protection has received reports of scams involving the property industry.  Unfortunately, some of those scams were successful, with one scam alone netting $557,000. No organisation or person is totally safe from scammers with agents, buyers and tenants all having been…

HOW CAN A PRIVATE MORTGAGE MARKET EXIST? WHY DON’T BANKS COMPETE? “A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain” — Robert Frost When we first introduce people to private mortgage investments, a common question is “Why do people borrow…

Stamp Duty – Estimated Stamp duty on a $500,000 business in: NSW $17,990 Victoria No specific duty on business sales in Victoria Western Australia $17,765 ACT $20,500 Queensland $15,975 Northern Territory $26,750 South Australia $21,330 Tasmania $17,550 Note that rates are subject to change. Settlement Costs – Solicitors fees generally work on a sliding scale…

Benchmarks are key financial ratios developed from information provided by businesses on activity statements and tax returns that can help you compare your business performance against similar businesses in an industry group. Fortune Business Brokers offer you the opportunity to benchmark your business against similar businesses across Australia. Benchmarking can help you identify areas of…

BUSINESS FINANCE – Residential Security Loan Amount $150,000 to $500,000 From 4.80% Loan amounts over $500,000 From 3.78% – 4.85% Fixed Rates from 4.29% PRIVATE FUNDING – Business and Commercial When the Banks say “No” Private funding can offer a real alternative to short or long term financing. Fixed interest. Fixed Term. Fixed Payments. More Information …

We have been matching investors to borrowers since 1995 with funding for the purchase or refinance of  businesses and property. This has included Hotels, Taverns, Motels, Turf Farms, Roadhouses, Commercial and Industrial property and Land sub-divisions.  FOR INVESTORS Private mortgage finance can be a secure option for maximising return on capital well above what is…

Ad Back Financial Summary This is the type of financial summary you should expect: ABC Pty Ltd 2016 2015 2014 Gross Sales 500000 100% 450000 100% 400000 100% Cost of goods Sold 200000 40% 175000 38% 150000 37% Gross Profit 300000 60% 275000 61% 250000 62% Expenses 200000 40% 200000 44% 180000 45% Net Profit…

Things you need to know to get the best price for your Business AND get a Successful Sale A business needs to be prepared for sale. Take the time to collect and have available the information that your Broker will require to appraise your business. Use the points below as a guide so the Broker…

Associated Stocktaking Services is the most experienced stocktaking firm in Western Australia. They have provided answers to some of the most common questions about stock and stocktaking. “I don’t want that stuff; it’ll never sell” Sometimes purchasers are reluctant to take on some stock which they consider to be particularly slow moving, or “dead” (not…