Industry insight.
Accommodation industry news and insights from Mike Phipps, providing commentary and observations on management rights, finance trends and market conditions. Drawing on more than 30 years of banking experience, these bulletins reflect Mike’s personal perspective on the accommodation sector.
Here’s a Tip
As some of you may know I am a late arrival to the pastime of snow sports. It’s not that I haven’t always had an interest in skiing, mountains and snow. It’s just that when you are married with two kids, trying to pay off a mortgage and living pretty much week to week the prospect of mixing it with the snow resort jet set seems one hell of a stretch.
Somethings Gotta Give
I guess I should start this month’s missive with a welcome to 2023. Doesn’t seem that long ago that we were stressing about the Y2K bug and now here we are, 23 years later.
Numbers
What a funny old year this has been as we emerge from the pandemic and show the first signs of rekindling our romance with the very people who, to their misfortune, were probably the source of the cursed virus and continue to suffer as a result.
I Have Good News…
What a funny old year this has been as we emerge from the pandemic and show the first signs of rekindling our romance with the very people who, to their misfortune, were probably the source of the cursed virus and continue to suffer as a result.
Can Cheap be Cheerful?
The managing director and I have today witnessed a rare and unusual event. While sitting in the departure lounge at Queenstown we observe what appears to be a group of fare paying passengers boarding a Jetstar flight and actually taking off.
I Shall Return…… Tentatively
In my mind sustainability is the concept of maintaining a process, relationship, practice or dynamic which can be reliably replicated over time.
Sustainability: Meaningless Catch Cry or Call to Arms
In my mind sustainability is the concept of maintaining a process, relationship, practice or dynamic which can be reliably replicated over time.
The Fine Print – Buyer Beware
In our business we are often approached by new and existing clients who have a perceived problem with their bank. In some cases and despite our best efforts to educate borrowers simply don’t seem to understand how banks work. It’s a recipe for misunderstanding at best and disaster at worst.
It’s all in the mind
Travel anxiety is the fear of visiting an unfamiliar place. It can also involve the stress that comes with planning your travels.
Debt is Good, Or Is it?
I have written previously about interest only finance and particularly the pros and cons of such a strategy. Setting aside the current pressure on lenders to restrict interest only funding I think it’s worth having a broad look at interest only finance, why borrowers and advisors advocate these strategies and why they may be wrong.
I Told You So
It has come to my attention dear readers that my most popular missives involve tales of travel and preferably unfortunate events befalling me.
Loan Conditions, Reviews and Refinancing
We have talked in the past about our view that we are moving into a tighter credit environment in which bank lending guidelines will become stricter.
Finance Brokers vs Banks: A Smarter Approach to Lending
Mike Phipps Finance was recently featured on the ResortBrokers RB Radio podcast, where Paul Grant and Cameron Wicking discussed the rising demand for finance brokers in both home and commercial lending. With access to multiple lenders and a personalised approach, brokers are helping clients secure better outcomes and navigate complex finance with greater confidence.
Watch the full video to learn how finance brokers are changing the game.
Finance Brokers vs Banks: A Smarter Approach to Lending
Mike Phipps Finance was recently featured on the ResortBrokers RB Radio podcast, where Paul Grant and Cameron Wicking discussed the rising demand for finance brokers in both home and commercial lending. With access to multiple lenders and a personalised approach, brokers are helping clients secure better outcomes and navigate complex finance with greater confidence.
Watch the full video to learn how finance brokers are changing the game.
