$1,600,000 Trade Finance Facility and $1,000,000 Confidential Debtor Finance for an importer/distributor of premium timber products. Our client imports timber from all over the world with the majority of it coming from Scandinavia. Traditional banks had difficulties in assessing the Clients ability to service their debt. Moneytech was able to assess the risk based off the client projected financial performance and proven track record of success.


The facility provided crucial working capital for the business to fast-track orders without the need to raise equity. We were also able to assist them with their FX requirements. Overall the financing process from initial conversations to settlement spanned approximately three weeks and the company is delighted with the outcome.


Melbourne based referral partners – Want to have the experience of a lifetime?

To thank you for your ongoing support, Moneytech is giving you a chance to win a full day drive experience in a Lamborghini Gallardo (exactly like the one below!).

If you refer us a Trade (stock) or Debtor Finance transaction in the month of September, and we issue an indicative term sheet to the customer, you'll go in the running to get behind the wheel for a day. We will be hosting a lunch on Friday the 5th of October where we will draw the lucky winner. 

RBA Retains 1.5 PercentThe Board of the Reserve Bank of Australia (RBA) has announced that the basic cash rate remains at 1.5 percent. Nearly every analyst is tipping this rate will remain for the calendar year. (It has been at 1.5 percent for 25 months.)


Construction, I.T., and health care are among the job areas getting the highest salary increases according to research from jobs site, Indeed. Interestingly, the top in-demand job according to Indeed, is Lead Teacher which has seen the biggest growth over the past 3 years where the average base salary is now $92,723. For I.T. jobs, the research shows that Data Scientists, Technology Assistants, and Information Systems Managers are also among the highest salary growth positions, where Technology Assistants got the best on the list at a average of $141,738.

In the booming health care industry, stand-outs include Well-being Managers, Registered Nurses, Oncologists, and Maternity & Clinical Lead Nurses – all with salary growth exceeding 150 percent over the past 3 years. The construction sector has also driven demand growth for a variety of roles including Lead Carpenter, Electrical Foreman, Senior Landscape Architect, Site Engineer and Survey Technician.



Housing Industry Association’s CEO Tim Reardon insists: “The fall in house prices in Sydney and Melbourne is one indicator that house affordability is improving. However, the stalling of rental price inflation in the last quarter is the most important indicator as it tells us that the pent-up demand for new housing in Sydney and Melbourne is beginning to be met with a record volume of new housing. And the fall in house prices will dampen demand for new housing over the next 12 months.”


Meanwhile, LinkedIn has done its own investigating as to what jobs in I.T. are becoming top payers and identifies the following: Customer Success Manager (managing software, customer relationships and consulting), Data Scientist (skilled in using digital analytics and data mining), Full Stack Engineer (skilled in software engineering and Java computer programming), Cyber Security Expert (skilled in computer and information security, consulting and security management), and Experience Designer (digital services of apps and R&D).



State governments are quick to point out these days how expanding higher education has become a massive part of their state’s economy. So predictably, the top jobs in that area are now pulling big money. University leaders are picking up major pay rises, taking the annual average salary of Vice-Chancellors in NSW and Victoria universities to nearly $1 million.


The Vice-Chancellor of Sydney University is the highest paid of all, having seen his salary rise 60 percent in 5 years to $1.45 million, while Melbourne University’s is not far behind with a $150,000 pay rise in the last year taking the salary to $1.3 million. (By comparison, Oxford University Vice-Chancellor is paid $615,000.)


Of all the many hope-based business ventures floating around right now this one is tops. The CSIRO has launched a strategy to create an Australian hydrogen energy industry and make the country the world's hydrogen leader, saying: “Australia has a unique and urgent opportunity to turn significant natural resources, including coal, gas, and renewables like solar and wind energy, into a low-emissions energy product and ship it around the world – in some cases literally exporting Aussie sunshine.”


Hydrogen is created by ‘cracking’ water – running an electric current (powered by renewable energy) through it and making it a carbon neutral fuel. It can also be extracted when burning fossil fuels such as coal or biomass, or through coal gasification. An independent report prepared for the Australian Renewable Energy Agency (ARENA), found Australia was in a good position to export hydrogen due to the low production and transport costs of hydrogen, proximity to the market, having large-scale energy infrastructure already in place, and well-established energy trading relationships with the main future consumers of hydrogen.



Not long after Wesfarmers’ announcement of its intention to sell Coles, comes the news that the Perth-based diversified conglomerate is to sell its Kmart Tyre & Auto Service (KTAS) business to Germany-based Continental tyre maker for $350 million.

The sale of KTAS, which has 258 stores across Australia and more than 1200 staff, is expected to be completed in the first quarter of the 2019 financial year and subject to competition and foreign investment approvals. But before consumers assume this could mean the mass return of German tyres to our market, be informed that Continental tyres have been made in Asia for decades.


Don’t hold your breath waiting for the electric car industry flagship, Tesla, to be seen on every street. The USA company is having a very tough time. Despite the high profile CEO talking up the business as he looks for more capital, the fact is production levels are well below expectations, warranty claims are too high and profitability is years away.


Fortunately, there is no shortage of investors who believe the glamorous brand has a good future, with the Saudis being the latest to pump in fistfuls of cash. (Currently, China is the biggest maker of electric cars with the leader in the West being the French controlled group Renault-Nissan-Mitsubishi.)