Five Things That Always Make Me Smile at Work
Reflections and aspirations for Finestream in 2023, from Director Matthew Ford.
As we reflect on 2022 we look back on what was for us and the wider finance community a very busy 12 months.
Coming out of the tail end of a COVID economy, with everything opening back up, spending at an all time high and with rates at an all time low something had to give, and it did. We started to see the first of the Reserve Bank cash rate increases which have been sporadically increasing up to their current point, taking the cash rate from it’s low of 0.1% in April 2022 up to 3.35% as of this week.
This so far hasn’t dented the problem child for the economy that is inflation, being at an all time high of 7.8%. The impact of these rolling rate rises on the economy at large remains to be seen, as households prepare to tighten their belts and cut back on discretionary consumer spending.
What did this mean for us?
We have been busier than ever, reviewing, negotiating, workshopping, and arranging finance for every aspect of our client’s lives from their home loans to their equipment finance for their businesses to make sure they are always at the head of the curve of an ever changing environment.
2023 brings with it exciting opportunities for those that can see them. If like us you believe that the market is inherently strong and we aren’t going to enter a ruining recession, now is the time to be preparing to hit those future financial goals, whether it be to expand your business, buy an investment property, or renovate your existing home, we’ll be here every step of the way to make the process as seamless as possible.
