2 OCTOBER 2020 WEEKLY MARKET WRAP UP






MESSAGE FROM THE PARTNERS


Hallelujah! The Treasurer has finally announced reform to consumer credit!


We think this is fantastic news for Australians, amid a tough few months during 2020.


Consumer credit has evolved over the last 10 years into a regime that is overly prescriptive, complex, and incredibly arduous.


Speaking from our experience, these newly relaxed laws will quickly domino to the SME sector, particularly for business sales. This represents an enormous win for all sellers and buyers. There will no doubt be many more deals on the table once this component of the economic recovery plan is executed.


We believe these are the key points for sellers and buyers:


  • Buyers can access credit faster

  • There will be less red tape

  • They will rely on what the consumer presents, instead of one size fits all benchmark measurements

  • Higher credit levels can be offered by lending organisations


It is also anticipated this will stimulate a spike to the housing market, as consumers will be able to borrow up to 15% more


This is outstanding news for us all, and in our view reason to celebrate!


Click to read the Commonwealth Media release here.



HOW DO YOU TURN AROUND A DEAL TODAY?


What do you do if things are just not going well during the contract stages? You think the deal that you have been working on for weeks or even months has been going smoothly and you have even started fantasizing about how life feels after settlement, be it taking some time off from business or growing your new business as the new CEO/Director.


Yet out of nowhere the deal starts to feel a little shaky, and before you know it, there are multiple unresolved issues with the contract, lawyers are not making progress, arguments seem to be going sideways or backward, and all of a sudden it feels like the deal is on eggshells?


We would say take a deep breath and relax, though what you really need is a simple effective solution... Read more



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Our mission is to transcend the standards of the business broker industry, and this means so much more than just selling businesses.


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From all of us at Vision Broker and Advisors, we really look forward to working with you.

Good luck, and make sure you have a look at our business for sale.


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