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Angus Newcombe
JDI Finance - Finance Broker based in Tweed / Coolangatta Area.
JDI Finance - Finance Broker based in Tweed / Coolangatta Area.


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Body Corporate Loans for Capital Improvements

Repairs, maintenance, renovations and improvements constantly put pressure on the financial resources of strata property owners.  

Delaying work until the sinking fund has sufficient funds can lead to increased costs when the work is eventually carried out. Special levies can be applied, but these can add further financial burden to property owners.

Strata Finance with JDI Finance

There is an alternative, however, that can prove more cost-effective. Strata finance allows work to be carried out without delay while also reducing the financial burden on property owners as costs are spread over a fixed term of up to 5 years.

JDI Finance Strata Finance provides funds for a wide range of purposes including:

• Building repairs and maintenance
• Renovations and refurbishment
• Fire upgrades and other regulatory requirements
• Legal, engineering and other professional fees
• Funding for annual insurance premiums, and
• Capital works including car parks, lifts and security systems.

Why choose JDI Finance Strata Finance

JDI Finance has years of experience in providing finance to businesses and individuals across Northern NSW and South-East Queensland. With access to major commercial lenders, we offer choice and flexibility so you receive the right finance to suit your needs.

For strata property owners, the benefits of JDI Finance Strata Finance include:

• Finance available from $15,000 to $250,000
• Fixed terms available between 1 and 5 years
• No financial information required from any individuals
• No security taken over any individual’s personal assets
• Cost-effective alternative to funding through special levies and sinking funds, and
• Funds can be immediately available whenever work is required.
Contact JDI Finance today

To find out how JDI Finance can assist with strata finance, contact a Angus Newcombe, Business Finance Specialist today:

• Call us on 0407 709 656
• Visit

Applications are subject to normal credit approval. Fees and charges apply. 

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Interesting opinion on future of SMSF lending - source La Trobe Financial

We would be surprised if the government adopts the recommendation to prohibit direct borrowing by superannuation funds, and believe that banning LRBAs goes against the fundamental principles of being able to “self manage” your superannuation fund – it is your retirement nest-egg, therefore you should be able to choose how you manage it (without exorbitant management fees), and property is an asset class that most Australians are comfortable with – they understand it, which is a much safer outcome than allowing punters to invest in asset classes they aren’t as au fait with.

If the government chooses to adopt “Recommendation 8” SMEs are likely to be the hardest hit. Borrowing through a SMSF has allowed thousands of business owners to purchase the property from which they operate their business, taking advantage of the beneficial tax structure a SMSF offers. 

Rather than prohibiting direct borrowing by superannuation funds, there are a number of options the government should consider to mitigate the risks raised, if they feel compelled to act at all, such as:

• Introducing a limit on leverage within a SMSF
• Introducing a limit on the maximum amount of leverage per asset within a SMSF
• Introducing limits on asset class mix to ensure diversification
• Remove the ability for SMSFs to borrow from related parties

There is still time before a course of action is likely to be taken by government, however we expect the media hype around this issue is likely to spur a mini-boom of sorts in SMSF property investment between now and March 2015, as business owners and investors look to take the chance to leap through what may be a closing window of opportunity.

The cash rate remains at 2.5% and has now been at this record low level for fifteen consecutive months.

The Reserve Bank of Australia today announced the outcome of its tenth board meeting of the year, a decision that was widely anticipated. The Bank has elected to remain on its course of interest rate stability amid concerns of the impact an upward movement would have on the Australian dollar and exports.

Even though the cash rate has remained unchanged, there are still daily changes in the finance market as a result of increasingly intense competition amongst lenders. So, it's still wise for us to talk if we haven’t spoken in a while to ensure you're still in the right finance solution.

Benjamin, please get in touch if you would like to discuss the current finance market in light of today’s announcement and how it may impact you.

Kind Regards,
Angus Newcombe
JDI Finance

The Reserve Bank of Australia has last week announced the outcome of its eighth board meeting of the year, a decision anticipated by most industry experts.

In the minutes from its last meeting the Reserve Bank forecast that the most prudent course was likely to be a continued period of stability in interest rates and in spite of an increase in unemployment has chosen to stick to this course for the time being.
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