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Search results for “Fairs Fair”

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In: Real Estate, REIQ, The Management Rights Market

Contributed By: REIQ on

The Real Estate Institute of Queensland’s (REIQ) latest quarterly Residential Vacancy Rate Report shows most renters have more choice than they had a year ago, despite a slightly tightening market over the September 2023 Quarter. While the state vacancy rate remains ‘tight’ (0 – 2.5%) at 1.0%, reassuringly, in most areas, vacancy rates have not dipped enough to erase the gains made over the past two quarters. The report, released today, covers 50 local government areas (LGAs) and sub regions in Queensland, with figures representing just how few and far between rental listings can be – particularly in regional areas. Of the 50 Queensland regions,Read More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

We have talked in the past about our view that we are moving into a tighter credit environment in which bank lending guidelines will become stricter. We also talked about challenges existing borrowers are having with annual business loan reviews and extended interest only periods. I am less than delighted to announce that for once our predications have come to fruition. Daily feedback from borrowers suggests that times are indeed becoming challenging both for new borrowers and for existing operators. To be frank some of the concerns raised with us are of the borrower’s own making and reflect a lack of understanding of the termsRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

“Here is wisdom. Let him who has understanding calculate the number of the beast, for the number is that of a man; and his number is 666.” Revelation 13:18 From the best-selling book of all time. “Woe to you, oh earth and sea, for the devil sends the beast with wrathBecause he knows the time is shortLet him who hath understanding reckon the number of the beastFor it is a human number, its number is six hundred and sixty-six” The Number of the Beast -, Iron Maiden 1982. From the best-selling album of the same name. The opportunity to quote Iron Maiden and the BookRead More →

In: Accounting and Finance, General Interest

Contributed By: Mike Phipps Finance on

I’m the first to admit I don’t “get” crypto currency or the trading that seems to underpin the price. What I do get is that a company called Berkshire Hathaway and a bloke on it’s board called Warren Buffet have been making mostly sound investment calls for a while now. Mr Buffet has variously called bitcoin “rat poison squared” and stated that he wouldn’t buy all the bitcoin in the world for $25. So far as I can tell crypto / bitcoin / whatever is underpinned by a singular value proposition. It’s a proposition as old as time itself……..speculate and hope there’s a bigger mugRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

In a long tradition of getting almost all my predictions wrong I will once again gaze into the oracle and see what gazes back. But, before I do, I want to spend a few paragraphs reflecting on what I think is the least appealing trend in big business over the past 12 months. This trend has been going on for some years, but I feel like we hit peak corporate ambivalence in 2019. The social commentator and demographer Bernard Salt has written a couple of articles recently which I would commend to you. Bernard reflects on the state of corporate Australia and, in particular, theRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

We have talked in the past about our view that we are moving into a tighter credit environment in which bank lending guidelines will become stricter. We also talked about challenges existing borrowers are having with annual business loan reviews and extended interest only periods. I am less than delighted to announce that for once our predications have come to fruition.  Daily feedback from borrowers suggests that times are indeed becoming challenging both for new borrowers and for existing operators. To be frank some of the concerns raised with us are of the borrower’s own making and reflect a lack of understanding of the termsRead More →

In: Accounting and Finance, General Interest

Contributed By: Mike Phipps Finance on

For those of you who may still think the photo I use in some articles is current, it is not. The look of shock on some faces when we first meet suggests that it might be time to update said image and nothing confirms my retreat into older age more than recent events.  Yes, it’s true.  The managing director and I have purchased a caravan.  But Mike, you’re too young I hear you cry.  Nonsense, the MD may be too young, child bride that she was, but I am certainly age qualified. In fact, I know of several other industry specialists who call something onRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

Here’s a scenario. Imagine that you have accidentally killed someone or maybe you have committed a major white-collar crime such as embezzlement. Now, imagine that you’ve gotten away with it. Years have passed and you’re in the clear. Trouble is, you are overwhelmed with guilt. Maybe you’ve had a change of heart, or just genuinely become a better person, and you wish to set things right. What should you do? Turning yourself in might give a sense of relief, closure and justice to those affected by your crime, but it will also cost the state a whole lot of money to investigate your crimes andRead More →

In: General Interest, The Management Rights Market

Contributed By: Nick Buick on

Yesterday I was invited along to the BNE Airport Business Advisory Group Airport Tour. They hold these tours once a year to communicate to the business community their strategy and roadmap for the future. I’m pleased to report: it’s a very good roadmap and one of the things that makes me excited to live in South East Queensland over the next decade. The tour began, and ended, at the Accor’s brand new IBIS hotel and conference centre, opposite the domestic terminal. It’s an impressive hotel, particularly for a 3.5-star offering, but what really amazes me is that it’s the 3rd hotel Accor have launched inRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

If you saw the recent 60 minutes feature on the post GFC failure of the CEC Group in North Qld and the attack on the Commonwealth Bank I am sure you would have been somewhat taken back by the content.  I won’t get into the detail here but sufficient to say that the program and its reporter displayed a spectacular lack of understanding of even the most rudimentary elements of bank finance and credit contracts. The founder of CEC, to no great surprise, is playing the bank sent me broke card to some effect and places the outcome completely at the feet of the lender.Read More →

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