We are a proud member of the Financial Services Online network!
Connect with us on your favourite social media platform for the latest financial news, views, tips, tricks, resources and information.
Following a distribution cut of approximately 14% in the previous year, this financial move correlates with Centuria Capital's latest performance figures. A recent report revealed a reduction in statutory net profit after tax, descending from the previous $74.3 million down to $45.2 million. Despite market volatility, the firm's move demonstrates a robust strategy aimed at fortifying its market stance within real estate finance.
Co-CEO John McBain elucidates that the increased investment in Centuria Bass Credit aligns with the company's vision to enhance its share in earnings and cement its status as a leading entity in the realm of real estate finance. McBain conveys confidence in this asset category, aligning the company's trajectory with the growing investor demand for competitive yields and shorter fund durations.
Remarkable growth has been witnessed at Centuria Bass since its inception. Climbing from a modest $0.3 billion, the assets under management have soared to a robust $1.7 billion. McBain highlights the prospect of further diversifying their real estate debt offerings to cater to a broader investor base.
As of December 31st of the previous year, reports indicate that Centuria Bass produced an interim operating profit of $7.2 million for Centuria, based on the original half of the stake. This increased investment is expected to further cement Centuria Capital's revenue stream and establish a more dominant position in the competitive real estate debt sector.
Published:Tuesday, 16th Apr 2024
Source: Paige Estritori
| Market Resilience Amid Strong Quarterly Inflation Data 30 Apr 2024: .Paige Estritori Following an initial surge, the Australian equities wavered into a close call as the market absorbed the recent inflation trends. Trading remained virtually unchanged with the S&P index dropping a nominal 0.5 points to settle at 7683, and the All Ordinaries dipping gently by 0.4 points, ending the day at 7937.5. - read more |
| Rates on the Rise: Market Jitters Lead to ASX Plunge 29 Apr 2024: .Paige Estritori Significant market movements underscore the growing concerns over a possible interest rate hike by the Reserve Bank of Australia, resulting in a marked drop in the nation’s share market. The S&P/ASX200 index faced a jarring fall, dropping 1.4 per cent which translates into a 107.1 point retreat, ending the session at 7575.9—a notable slump affecting a broad range of sectors. - read more |
| Tax Tension: Australians Grapple with Surging Income Levies as Inflation Undermines Earnings 26 Apr 2024: .Paige Estritori Amidst soaring living expenses and aggressive interest rate increases to quell inflation, Australians face an additional financial burden as income tax impositions outpace those in other affluent nations. This echelon of fiscal pressure is compounded by the unfortunate fact that their earnings are making a retreat in real value terms. - read more |
| Avoid Hefty Fines: Key ATO Dates to Remember 23 Apr 2024: .Paige Estritori Australians are being cautioned about the possibility of incurring a $313 penalty if they fail to observe two critical Australian Taxation Office (ATO) deadlines looming ahead. As tax season approaches, individuals must take note of these important dates to avoid fines. - read more |
| Inflation Outlook Brightens as Australia Braces for Key CPI Update 22 Apr 2024: .Paige Estritori A crucial announcement regarding consumer prices is forthcoming as the Reserve Bank of Australia (RBA) anxiously waits to steer its future monetary policy decisions. Analysts and economy watchers alike have their eyes locked onto the publication of first-quarter consumer price index (CPI) data from the Australian Bureau of Statistics, set to impact the nation's economic direction. - read more |
| From Pre-Approval to Purchase: Your Roadmap to Caravan Finance Imagine the open road before you, the comfort of your home on wheels behind you, and the promise of adventure at each destination. Owning a caravan offers unparalleled freedom and joy, allowing you to explore the countryside and make memories that last a lifetime. However, the path to purchasing the caravan of your dreams often begins with navigating the financial aspect of ownership. In this article, we delve into the exciting journey of caravan finance. - read more
|
| Caravan Dreams: How to Find Affordable Loan Rates for Your Next Adventure Australia's love affair with the open road is a well-documented part of the national psyche; caravaning is more than just a means of travel—it's a lifestyle choice embraced by many. The lure of vast landscapes and the freedom to explore at your own pace has made owning a caravan a treasured goal for adventurers across the country. - read more
|
| 5 Mistakes to Avoid When Applying for Caravan Finance Embarking on the journey of owning a new caravan is an exhilarating moment filled with visions of open roads and the unparalleled freedom of exploration. The thrills of planning road trips, creating a home away from home, and the anticipation of adventure are ample reasons to consider purchasing a caravan. - read more
|
| 8 Tips to Get the Best Deal on Your New Caravan If you’re thinking about buying a new caravan, then the chances are you’re excited about all the adventures you’re going to have with your family in tow. You’re also probably itching to start planning some great getaways, and of course, you want to get the best deal you can on the caravan itself. Perhaps these tips help you on the journey. - read more
|
| Budgeting for Your Australian Caravan Adventure The lure of the vast Australian landscape stretches far and wide, captivating the hearts of travelers and adventure seekers alike. There's a growing trend among explorers to embrace the caravan lifestyle, seeking freedom and the joy of the journey rather than just the destination. The open road beckons, promising the comforts of home coupled with the excitement of the unknown, and Australia’s caravan culture reflects this unique blend of security and adventure. - read more
|