Entries by Simon Wood

Case Study – Commercial Office Purchase Made Easy

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Commercial Office Purchase – Finance Made Easy Background James and Brian were referred to First Point Group by a friend.  They run an office based business, and wanted to purchase the premises they were currently leasing. The office was in a high quality eastern suburbs of Melbourne location. The purchase would enable them to own the […]

Interest Rate Update – October 2016

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No change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 1.50%. The price of oil rose to almost $US50 a barrel last week, following a decision by the Organisation of the Petroleum Countries (OPEC) to cut production for the first time in eight years. This, together […]

A Successful & Complex Refinance

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Background First Point Group takes pride in being able to offer our clients solutions for all their finance needs, no matter how simple or complex. We love a good challenge and this article shows how we overcame exactly that for one of our many valued customers! Recently, First Point Group was faced with a complex […]

Interest Rate Update – August 2016

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Cash Rate – Reduced to 1.5% The Reserve Bank of Australia (RBA) has just announced it will reduce the official cash rate to 1.5%. In a finely balanced decision the RBA would have been particularly influenced by the results of the June quarter inflation rising only 0.4% and hence only 1.0% over the twelve months […]

Interest Rate Update – July 2016

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Cash Rate – No Change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 1.75%. Notwithstanding the uncertainty surrounding both the Australian election outcome and the aftermath of Brexit the RBA has a preference to await the results of the June quarter inflation figures (due later this […]

Interest Rate Update – June 2016

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Cash Rate – No Change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 1.75%. This follows last week’s better than expected GDP figures which showed annualised economic growth at 3.1 per cent. It is interesting to note that business lending has been growing at a slightly […]

Interest Rate Update – May 2016

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Cash Rate – Reduced to 0.25% The Reserve Bank of Australia (RBA) has just announced it will reduce the official cash rate to 1.75%. The weakness of the March quarter’s inflation figure (-0.2%) shocked many Economists. This was the first time the headline inflation rate has fallen since December 2008 and the resultant annual inflation […]

Interest Rate Update – April 2016

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Cash Rate – No Change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 2.00%. Notwithstanding a strong Australian dollar the RBA remains comfortable with a contained inflation rate and a slowly improving labour market. Business credit has expanded (0.7% for the month of February) resulting in an […]