Property Credit’s latest offerings for 2024

2023 was a year like no other, with each new month presenting both challenges and opportunities in property.

In a scrambled bid to get inflation under control, the RBA continued to increase the cash rate — that’s a total of 13 times since May 2022. Tightening credit conditions amongst banks also made for challenging borrowing conditions. Even with the latest quarterly inflation figure of 5.4% (September 2023) down from 7.8% (December 2022), general cost of living pressures still hit the average household budget hard.

The sale of Taylor Swift tickets caused actual mini waves of inflation. Who knew?

It’s been a rollercoaster, to say the least.

But we’ve seen some exciting things happen across Australian and New Zealand property markets and already we’re seeing that success overflow into the new year. According to PropTrack, monthly home prices for 2023 grew steadily across most of Australia, with a national annual growth rate of 5.52%. Even with continued rate hikes, the lack of housing supply continued to push up prices resulting in strong sellers’ markets overall.

This year it’s predicted the low housing supply will continue to support strong markets with the CBA tipping a 5% price increase for Sydney property prices and 2% in Melbourne.

It’s been our absolute pleasure to help support our customers with their property goals this past year. One of our favourite renovation success stories was Christina from Melbourne who contacted us about getting her Toorak apartment presented for sale. We love hearing that our customers have achieved top dollar for their properties, and if you have a look at the before and after shots I think you’ll agree the results speak for themselves.

We’re excited to announce our latest offerings for 2024.

Latest Feature Release for Sellers:

• Draw funds easily.
  Often, sellers who initially just need advertising funding have then needed funding for pre-sale improvements, deposits, building and pest report fixes and even temporary accommodation. Up until recently, sellers have requested further funding manually. Now our clients can request additional funds via the Request Funds button within the portal.
• Estimate costs using the Property Credit borrowing calculator.
  Find out how much equity you can access using our simple funding calculator. Answer a few simple questions to receive a pre-approval or estimate your funding costs.

Latest Feature Release for Agents:

• Generate and download a unique QR code for your agency.
  These can be placed on invoices or emails and allow sellers to apply for Pay Later with Property Credit.
• Add or edit office contacts.
  Currently this list of contacts can be used to store seller information in anticipation of sending a referral / payment gateway request. If added here, a contact can be searched and added to the Refer Now form, in order to save double entry.
• Add more documents.
  We’ve now expanded our application page to allow you to upload all the documents you need to. Changes to your Agency Agreement, Invoices, IDs, Title Searches and more can be added, even after you’ve sent to your seller.
• Receive Payment Receipts for Bank Transfers.
  Your sellers can now upload a payment receipt through the payment gateway when they pay by bank transfer.
• Add your agent GST entity.
  To help agencies and agents manage their data and applications more efficiently, you can now add your Agent Entity in your profile settings.
• Print marketing quotes to include in listing pitches.
  Clear, branded quotes with a QR code to our payment gateway will enable you to easily explain your marketing and pre-sale improvement recommendations while empowering sellers to pay by card, transfer or by using their equity.
• Invite team members
  Our new staff manager lets you assemble your team easily with our new staff manager. Agency principals and office admins can now add, approve and remove users.
• Shared VOI/ID checks
  To help our agents with verifying seller identity, we’re now sharing our results for all sellers who are paying at settlement. Agents can see the VOI status in their activity page in the portal.
  

Our continued expansion in New Zealand has seen some fantastic results for our customers and we’re proud to a part of the auction community — special thanks the LVD World Auctioneering Championships for allowing us to get involved and we’re excited to be attending again this year.

We’re proud to have gotten even more involved in our local communities, supporting Wesley Mission’s Red Bag appeal and Women Up North Housing over the Christmas period.

We want to take this opportunity to thank you once again for your continued support of Property Credit. We expect yet another challenging and exciting year ahead and we’re committed to helping you achieve your property goals for 2024.

From the entire team at Property Credit we wish you a very happy new year.

Giordano Stepancic
CEO