Personal Finance Specialists

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The constant price rises in residential property is leading to a permanent shift in property ownership.  Several mortgage professionals have also reported seeing a significant drop-off in First Home Buyer customers as well.

 According to S&P Global Ratings research agency, at this same time last year the percentage of Australian mortgages in arrears has increased by 19 per cent year-on-year, up from 1.14 per cent in the prior corresponding period.

A senior economist has stated that the glut of excess supply of apartments in cities like Melbourne, Sydney, Brisbane and Perth is likely to drive “significant increases in vacancy rates” over the next 12 months.

 

rescue credit common causes of business failure

Sadly more businesses will fail within the first 3 years than succeed.  But why does this happen?  The graph shown above provides us with some pretty interesting statistics as to the most common causes of business failures.  We have listed below the top three causes of business failures and provided some recommendations or solutions to fix them.