Trade and trade finance brokers are increasingly optimistic about their business prospects for the next year, according to the latest FAST study.
The study showed that brokers became less concerned about the negative effects of the COVID-19 epidemic on their businesses, especially given the signs of economic recovery.
Brendan Wright, CEO of FAST, said brokers have started to see demand rebound across sectors as restrictions continue to ease and the economy begins to recover in response. to fiscal stimulus.
"Mortgage and finance brokers are essential to the flow of finance in the Australian economy and continue to help businesses achieve their goals. Thanks to a strong fiscal stimulus, record low rates and With an easing of social distancing restrictions, brokers and their clients have a lot to be excited about in 2021, ”he said.
As commercial and corporate lending regulations continued to decline in the September quarter, brokers expect a resumption in commercial lending in the coming year. According to the study, 49% of brokers plan to take out more commercial real estate loans in the next six months.
"One of the most important areas of growth expected over the next six months is funding for business growth. Brokers are actively working with SMEs to grow their businesses organically or through acquisitions, a sure sign that there are pockets of strength across the Australian small business community, "Wright said.
Additionally, brokers are reporting increased demand for business investment and owner-occupied business properties. Wright said current market conditions create an opportunity for companies to secure their own premises or purchase investment property.
"For companies where COVID has been a period of growth, this lower interest rate environment, combined with the easing of certain segments of the commercial real estate market, has saw opportunities, ”he said.
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Lalor park
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Mayfield
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