Glenn Leese, MBA

National Vendor Discounting Falls to 3.5% 📉🏠 The median vendor discount across Australia has decreased from 3.6% in the March quarter to 3.5% in the April quarter, marking the lowest level in two years, according to CoreLogic. This indicates a strengthening market where sellers are achieving closer to their asking prices. Vendor Discounting by Location: - Perth: 2.4% 🌟 - Brisbane: 2.9% 🏙️ - Canberra: 3.0% 🏛️ - Melbourne: 3.3% 🌆 - Sydney: 3.3% 🏡 - Adelaide: 3.5% 🌸 - Hobart: 4.2% 🌿 - Darwin: 4.8% 🌴 Regional locations saw a slight fall from 3.9% to 3.8%, while capital cities experienced a slight rise from 3.1% to 3.2%. #RealEstate #PropertyMarket #VendorDiscounting #AustralianEconomy #HousingTrends #CoreLogicData

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BGL Corporate Solutions integrates with wealthtech startup HeirWealth for streamlined wealth transfers #startups #fintechstartups #australianfintech #fintech #fintechnews #finance #financialtechnology #technology #tech #technews #wealth #wealthmanagement #wealthtech

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Make Informed Decisions—Subscribe for Premium Stock Updates Talk with our Expert Account Managers Today (02) 9199 9639 [email protected] www.aceinvestors.com.au #asx #investment #stockmarket #australia #tradingaustralia #ausfinance #stockmarketnews #invest #australianinvestors #ausstocks #sharetrading #australia #barefootinvestor #tradestocks #sydneyinvestment #melbourneinvestment #investing #trading #stocktrading #investaustralia #sharemarket #ShareShareShare

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⌚ 24-Hour US Trading: A Whole New Market for Australians Many Australian investors avoid the US market due to inconvenient trading hours, typically between 11 PM and 1 AM. We know some clients even wake up around 4 AM to check their orders. Webull now offers 24-hour US trading on up to 169 tickers, including popular stocks like Nvidia, Apple, and Tesla, as well as ETFs like SPY and QQQ. You can open or close your US securities positions anytime. Manage your portfolio across both Australian and US markets simultaneously. 💡 The assumption to validate: If the commission is the same, will clients prefer to trade SPY on the ASX or the NYSE?

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What impact does the Instant Asset Write-off scheme have on small businesses? From my perspective this Federal Government initiative been one of the most significant policies over the last few years to stimulate economic growth. While the thresholds have changed a few times (at one point up to $150k), organisations have brought forward their spending to take advantage of these initiatives. At a time when there are economic headwinds and we need to be spending significantly more to decarbonise we need more pro-business policies like the IAWO! Interested to hear others' thoughts? #paymentplans #decarbonisation #IAWO

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Calling all investors 🙋📈 We’re excited to announce Liv XAU’s Recurring Buy feature. This option offers you the opportunity to invest in gold gradually through consistent installments, making this commodity more accessible and convenient. Steps to Invest in XAU: ✅ Log in to the Liv X app. If you haven’t migrated to our new Liv X app yet, now is the time. ✅ Open your Gold Account under the "Apply Now" section on your dashboard. ✅ Accept the Terms and Conditions. ✅ Enter your SmartPass number. ✅ Click “Submit” to start trading digitally. ✅ Access your Gold Account under “Wealth” on your Home Screen. Tap into the stability and wealth potential of gold in today's dynamic financial landscape. Get started now! Learn more at https://lnkd.in/dN8HM7De

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CloudFloat announces the strategic #acquisition of Incomee #australianfintech #fintech #fintechnews #finance #financialtechnology #scaleups #scaleupnews #australianscaleups #investing #AI #AInews #artificialintelligence #technology #tech #technews

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Kiwibank on the hook for $30 million in Laybuy collapse. "Laybuy's listing on the junior Catalist exchange says it has two capital facilities: one from Kiwibank at $30 million, maturing this month, and a second one from Britain's Partners for growth at £20 million (NZ$38.1 million). It is not known how much these facilities are drawn." Interest.co.nz reports "Deloitte New Zealand's David Webb and Robert Campbell have been appointed receivers and managers of Laybuy Group and Laybuy Holdings, whereas Glen Kanevsky and Jason Tracy of Deloitte Australia have been appointed for Laybuy Australia Pty Ltd." Laybuy didnt even make it to regulation and it collapsed. Apple announced today its exit from BNPL barely 6 months after launch. I expect the prayer group on HotCopper forums to see all of this as a huge opportunity for Zip and Afterpay however the reality is that no one has an appetite for sub prime customers financing a pair of shoes. #buynowpaylater #payment

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🔍 Market reflections: An overview of global macroeconomic trends 🌐 Australia -Australian dollar dips as Powell’s remarks drive currency movement. -RBA rate cut potential before U.S. Fed as economic concerns loom. -IMF’s sobering assessment regarding structural challenges. Global -U.S. Building permits decline amid housing market challenges. -February U.S. retail sales analysis points to potential spending slowdown. -Japan's trade balance surges to surplus in March as exports increase. -ECB maintains interest rate amid economic assessments. -U.K. inflation rate moderates to 3.2% in March. Read more here: https://loom.ly/V_nDptQ #australia #economy #market #japan #us #uk

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Ever wonder how Aussie businesses can compete in today’s fast-paced market and respond quickly to get new offers in market? I’ve been in the marketing game long enough to see a recurring issue, design bottlenecks! 🛑 They slow down your business and stifle revenue generation. But what if I told you there’s a way to solve this? A way that’s efficient, cost-effective, and tailored for small to medium businesses. Enter the Graphic Design Subscription Model. 🎨 Imagine having a dedicated designer without the overheads of an in-house department, 💵 All from just $499 a month, where you can pause or cancel at any time ⚡ Your own queue, and quick turnarounds mean you can keep up with market trends and stay ahead of competitors. This model is a game-changer for Aussie businesses. So, why let design bottlenecks hold you back? Embrace a subscription model and see how it transforms your marketing efforts. Got questions or want to know more? Drop a comment or send a message, and let’s chat. 💬

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🚀 Exciting News! 🚀 I’m honored to be featured in the Australian Financial Review alongside other industry experts, offering key advice on how to manage a redundancy payout. Being made redundant is never easy, but with the right approach, it can be a pivotal moment to reset your financial future. 💼 In the article, expertly written by Duncan Hughes, I discuss how to build a smart budget, manage your mortgage, and make sure that redundancy payments stretch further than you might think. 🏡 Check out the full article here: https://lnkd.in/gksZXa4b 💡 If you or someone you know is navigating financial uncertainty, feel free to reach out! We’re here to make sure you have the support and knowledge to thrive through every challenge. 🙌 #financialplanning #redundancy #wealthmanagement #360FinancialStrategists #australianfinancialreview #investmentstrategies #budgetingtips

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$546 million in funds were raised across six fintech deals, with 97% allocated to three major deals and two Series A (+$10m rounds), leaving $4 million for two early-stage opportunities. High-quality deal flow is evidently a challenge in Australia. It might be time for Australian based VC funds/FO's to explore early-stage opportunities in the SEA/India or collaborate with partners who have excellent deal flow, strong networks, and underwriting capabilities in these regions. Data Source- Cut Through Ventures. Sundar Iyer - Founder/MD Emertel Sree Sivanandan

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Full-time earnings rise 4.6% The average full-time worker now pockets $100,000 per year in ordinary-time earnings, according to the latest data from the Australian Bureau of Statistics. Over the year to May, ordinary-time earnings for full-time workers throughout Australia rose by an average of 4.6%, to $1923.40 per week. That equates to an annual salary of $100,017. Where you live has a big impact on how much you earn, as ordinary-time earnings vary significantly from state to state: * ACT = $2,127 per week, equivalent to $110,578 per year * WA = $2,094 / $108,904 * NSW = $1,936 / $100,656 * Qld = $1,901 / $98,852 * Vic = $1,882 / $97,864 * NT = $1,846 / $95,982 * SA = $1,777 / $92,399 * Tas = $1,711 / $88,962 #economy #jobs #money

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At N1 Holdings, we normally fund $100k to $10mil+ via 1st or 2nd mortgages, and if it goes beyond $20mil to $50mil sizing, we would syndicate the deals with direct capital access. We are seeing private capital hungry for decent Australian real estate debt, and we all see it on the news of major movements in the market. We can move quickly within days to fund deal size <$10mil subject to valuation and legal turnaround time. Having a valuation report prepared by reputable independent valuers and being able to reassign can be a handy way to expedite the whole process. If it has to be a syndicate deal beyond $20mil, we can usually fund within a month, whether it's $20mil, $50mil or beyond, up to 3 years tenor, multiple assets, construction and early stage development are acceptable. Feel free to reach out if you have needs in this space. N1 offers real flexibility in private lending. Reach out to our friendly team and speaks directly to decision makers. We control and lend our own fund and we don't have restrictive policy. N1H currently manages about $155mil and funding sits in our account ready for immediate deployment. N1H, as a direct lender, aims to uphold elevated standards in private lending through ethical practices, diligent governance, and a commitment to strong compliance. Have a scenario? Please reach out to [email protected]

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Weel promotes Damon Hauenstein to expanded CFO and COO role #australianfintech #fintech #fintechnews #finance #financialtechnology #technology #tech #technews #scaleups #scaleupnews #australianscaleups #jobs #fintechjobs

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National Vendor Discounting Hits 2-Year Low at 3.5% 📉 The median vendor discount across Australia has fallen to 3.5% in the April quarter, according to CoreLogic – the lowest level in two years! This slight drop from 3.6% in the March quarter suggests a strengthening market 🏡. In regional areas, the discounting fell from 3.9% to 3.8%, while capital cities saw a slight increase from 3.1% to 3.2%. Here's a snapshot of vendor discounting in key cities: Perth: 2.4% Brisbane: 2.9% Canberra: 3.0% Melbourne & Sydney: 3.3% Adelaide: 3.5% Hobart: 4.2% Darwin: 4.8% For homeowners and investors, these figures provide a crucial insight into market trends and property values. 🌟 #RealEstate #PropertyMarket #VendorDiscounting #Australia

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