We’re proud to introduce Synergy Mortgage Brokers, the newest brand of the Synergy Consolidated family.

In the final quarter of 2023, the Australian Consumer Price Index (CPI) exhibited an increase of 0.6 percent, contributing to an annual rise of 4.1 percent, according to the latest data provided by the Australian Bureau of Statistics (ABS).

Date: Friday, March 22, 2024 Venue: City Golf Club Format: 4ball Ambrose Prizes, Competitions, and Raffles Coffee Cart Onsite Join us for a fantastic day of golf, camaraderie, and giving back! Our Annual Golf Day is back, and next year, we're teeing off with even more excitement. Bring your team of four for a day of golfing fun. Your team registration of $550 (inc GST) includes golf for four players, an electric golf cart, and a delicious lunch. Not only will you have a blast on the course, but you'll also have the chance to win fantastic team prizes and join in thrilling competitions and raffles. For those looking to make an even bigger impact, we offer corporate sponsorship for $1,100 (inc GST). This includes all the benefits of team registration, plus valuable marketing opportunities. Be part of an event that combines the love of golf with a great cause, with all funds raised going towards the Maddox's Helping Hand Foundation. Stay tuned for more details and the official launch of our event in January. In the meantime, mark your calendars, gather your team, and get ready for an unforgettable day of golf for a fantastic cause! For more information or to register your interest, contact us today . Together, we can make a difference in our community while enjoying a day on the greens.

Navigating the property market can feel like a full-time job in itself. The price tag on a property is just the tip of the iceberg when it comes to expenses associated with purchasing real estate. As Synergy Business Finance's Director Brendan Philp emphasises, "Our goal is to ensure our clients have a clear understanding of the entire financial landscape when purchasing a property. Beyond the purchase price, we take into account various costs that can often catch buyers off guard." Beyond the purchase price, there are additional expenses to consider: Property Valuation: Before finalising a property purchase, a professional valuation is essential. This helps determine the property's market value and the final loan to value ratio. Valuation costs vary depending on the property's location and complexity. For standard property purchases many lenders will cover the cost of the valuation but it is important to know whether this will be a cost you need to consider upfront. Mortgage Registration: This fee covers the cost of registering your mortgage with the relevant government authority. It's a necessary legal step to ensure the lender has a claim on the property if the borrower defaults. Stamp Duty: Stamp duty is a significant cost and varies by location and property value. It's a tax imposed by state governments on property transactions. Consulting with experts can help you understand the applicable stamp duty in your area. Lenders Mortgage Insurance (LMI): While not always applicable, LMI can be required if you have less than a 20% deposit. It protects the lender if you default. However, it's an extra cost you should consider when determining your budget. Building Inspector: Hiring a building inspector is crucial to uncover any hidden defects or structural issues with the property. While it incurs a cost, it ensures you're aware of potential problems before committing. Conveyancing: Conveyancing involves legally transferring property ownership. It's advisable to hire a professional conveyancer or solicitor to handle the legal aspects of the transaction. Registration of Transfer: This cost covers the legal transfer of ownership from the seller to the buyer. It ensures the transaction is legally recorded, safeguarding your ownership rights. Venturing into the property market demands serious consideration. A substantial deposit is often required to secure a loan, which can be a challenge when you're juggling rent and other expenses. This is where the option of using a guarantor can prove valuable. "A guarantor can be an excellent solution for those who don't have a 20% deposit and wish to avoid the extra cost of LMI, " Brendan Philp continues. "If you have a close family member who's willing to use their property as security, it can provide the boost you need to step onto the property ladder." A guarantor can be a lifeline if: You lack a 20% deposit and wish to avoid the extra cost of insurance (LMI) A close family member is willing to use their property as security The added benefit is that, as your property equity grows, your guarantor's commitment can be released. If you're seeking insight into the intricate mechanics of this approach or guidance on discussing it with a potential guarantor, our team is here to help. Contact our Synergy Business Finance’s team to gain a comprehensive understanding of the process and to explore strategies for addressing this topic with a potential guarantor.

Refinancing your mortgage can be a smart financial move that helps you save money and achieve your goals.

At Synergy Consolidated we have taken a proactive approach in recognising the importance of discussing and addressing mortgage stress, investing in property, and buying your first home within the current Australian economy by conducting on-site visits for our accounting clients and their teams.

After ten consecutive months of rate rises, Australian’s have turned to refinancing to ease financial pressures. Our Synergy Business Finance team have been reviewing a number of mortgages for our clients of late – here is a recap of some of the recent results the team have been able to achieve.

Speaking to Ben Dobbin on his Rural Queensland Today Podcast, Synergy Business Finance Managing Director Marcus Barnard touches on his experience in the banking sector, and how that has shaped the direction of Synergy’s finance brokerage arm. With a strong history in the agricultural fields, Marcus discusses how farmers and grazers would traditionally hold long standing relationships with a singular bank, and bank manager. With the market now shifting to utilising a single broker to assist with a variety of finance needs – Synergy Business Finance find themselves working directly with the producers on their new finance and refinancing needs. Plus, Ben and Marcus discuss how the Synergy Accounting arm adds a full-circle benefit for rural clients long term objectives. Producing one of the first finance and accounting firms in the south-east QLD market to specialise in these agricultural demands. Based in the heart of QLD’s agri-economic hub, Toowoomba with an additional office on the Sunshine Coast – Synergy Business Finance services all of Queensland and northern New South Wales. You can listen to the full interview with Marcus and Ben across on Spotify, here.