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
| 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 |
| Alarming Rise in Australian Student Loans Calls for Immediate Action 19 Apr 2024: .Paige Estritori A fresh analysis has sparked concern over the surging levels of student debt in Australia, invigorating discussions for policy revisions in the impending national budget. Projections denote that during the initial tenure of the incumbent Labor administration, the cumulative student debt may swell by an extraordinary $12.3 billion, marking a 16% escalation. This upward trend raises alarms for prospective and current students grappling with the financial barriers of higher education, and ignites a dialogue on the urgency of governmental intervention. - read more |
| ANZ Bank Bids Farewell to Cheque Books Amid Digital Shift 19 Apr 2024: .Paige Estritori The fintech landscape continues its relentless advance as ANZ, one of the leading banks in Australia, has declared a pivotal shift in its operations that will see the discontinuation of cheque book issuance. This calculated move aligns with broader trends in digital banking and paves the way for modern financial interactions among its clientele. - read more |
| Nautical Know-How: Your Ultimate Pre-Boat-Purchase Checklist for Smooth Sailing Ahoy, future mariners! The allure of the open seas and the joy of sailing on your very own vessel is a dream that many Australians hold close to their hearts. Whether you envision leisurely cruises along the coast or adventurous voyages into the deep blue, the prospect of buying a boat ignites a sense of excitement and freedom that's hard to match. - read more
|
| The Captain's Checklist: Essential Documentation for Australian Boat Loan Approval Embarking on the exciting journey of boat ownership in Australia comes with its own set of nautical nuances, particularly when navigating the waters of financing. The cornerstone to a smooth sail towards securing a boat loan lies in the preparation and presentation of the essential documentation. This is not merely a procedural step, but a vital component in demonstrating your reliability and seriousness as a borrower. - read more
|
| The Ultimate Checklist for a Hassle-Free Loan Application Process Navigating the financial path to securing a dream can be a thrilling journey. For many, the aspiration to own a boat and sail the picturesque waters of Australia is a dream intensely pursued. Yet, the wake of excitement is often trailed by the complexity of financial planning. - read more
|
| Important Things to Consider When Buying a Boat in Australia Buying a boat is a considerable investment and should be approached with care and attention to detail. It's a big decision because it requires not only a significant financial commitment but also a commitment to the upkeep and maintenance of the vessel. It's essential to consider your needs and intended use, as well as factors like size, type, and condition when making your decision. - read more
|
| How to Choose the Right Boat Finance Option Before embarking on the exciting journey of purchasing a new boat, it is essential to have a clear understanding of boat finance options. Choosing the right financing option can save you a considerable amount of money in the long run. Having said that, the numerous finance options and terms can be confusing and daunting for first-time buyers. - read more
|
| Building a Strong Boat Financing Application: Tips and Tricks for Australians When it comes to purchasing a boat, most individuals require some form of financing. To secure the best possible loan terms and increase the chances of approval, it is essential to build a strong boat financing application. This article will provide tips and tricks specifically tailored for Australians on how to create a compelling application that stands out to lenders. - read more
|