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October Quarterly Report 2024

October Quarterly Report 2024

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MACRO ECONOMIC FACTORS

IMPACTING OUR MORTGAGE FRUNDS

1.  Stable Interest Rates

Throughout 2024, the Reserve Bank of Australia (RBA) has maintained the official cash rate at 4.1%. After a series of rate hikes to combat inflation, the decision to hold rates steady creates a more predictable environment for borrowers. For our mortgage funds, which rely on consistent loan performance, this stability helps ensure borrowers can manage their repayments effectively. With fixed- rate commercial loans in place, this environment supports the reliability of income generation from our loan portfolio.

2.  Stabilised Property Market

The Australian property market has shown resilience, with prices stabilising across major cities like Sydney and Melbourne. This follows a period of correction after significant price growth during the pandemic. Regional markets have seen modest growth, driven by continued demand and population shifts. For our mortgage fund, which is backed by second mortgages on Australian properties, stable property values provide strong security. This stability reduces risk exposure and reinforces the fund’s capacity to maintain consistent returns.

3.  Easing Inflation

Inflation has eased from its 2023 peak, now sitting around 4%, compared to the previous high of 7.8%. While inflationary pressures remain, the downward trend is alleviating the cost-of-living challenges faced by many households and businesses. This is particularly important for mortgage-backed investments, as it reduces pressure on borrowers and supports loan servicing. With inflation under control, the financial environment for property lending is more stable, enhancing the performance outlook for our fund.

4. Strong Employment Levels

Australia’s unemployment rate has remained low at 3.7%, reflecting a strong labour market. Employment growth continues to support household incomes, helping borrowers manage their financial commitments, including mortgage repayments. For our fund, this is a positive indicator, as high employment helps reduce the risk of loan defaults, ensuring a healthy loan book and reliable income for investors.

 

5.  Regulatory Oversight

Australia’s regulatory environment, led by bodies such as the Australian Securities and Investments Commission (ASIC) , remains focused on maintaining stability in the financial and lending sectors. Prudent lending standards and regulatory and responsible entity oversight mean we are constantly aware of our obligation to underwrite loans responsibly.

 

Conclusion

The current macroeconomic environment in Australia-characterised by relatively stable interest rates currently, a resilient property market, easing inflation, strong employment, and oversight contribute to a favourable backdrop for us seeking to maintain the consistent and competitive returns that our investors rely on. Thank you for your ongoing trust in Maxiron Group. We remain committed to delivering stable results and look forward to continued success in the coming quarter.

 

Ray Saedi

Head of Investor Relations

PERFORMANCE SUMMARY

Fund Name: Maxiron Monthly Income Trust | Fund Type: Pooled Mortgage Fund

Please note that past performance is no guarantee as to the certainty of future performance.

FUND INSIGHTS

MORTGAGE PORTFOLIO SUMMARY

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Maxiron Wealth Featured in Forbes Australia, October 2024 Issue

Maxiron Wealth Featured in Forbes Australia, October 2024 Issue

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Maxiron Wealth is thrilled to have been featured in the October 2024 issue of Forbes Australia, a prestigious publication that highlights innovation, leadership, and success across industries. Being included in this iconic magazine underscores our commitment to providing exceptional financial solutions and showcases our position as a leader in the investment and private credit space.

The feature provided an excellent platform to share our story, our values, and our vision with a highly discerning audience of entrepreneurs, investors, and thought leaders. This recognition reaffirms the hard work and dedication of our team in helping clients achieve their financial goals while contributing to broader industry conversations.

We are honored to have this opportunity to enhance our brand visibility and connect with a wider audience. This milestone reflects our drive to continuously innovate and deliver value to our clients and stakeholders.

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Quarterly Report July 2024

Quarterly Report July 2024

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Message From Fund Managers:

Dear Valued Investors,

We are pleased to announce that the fund has once again ended the financial year 2024 on a high note, exceeding expectations and delivering outstanding results. This year, we have seen a remarkable increase in the number of new investors, doubling our digits compared to the previous financial year, highlighting the significant growth of our offerings.

The fund has consistently provided attractive returns to our valued investors. We are immensely grateful for the trust and support of our investors, which has been crucial to our success. As we move forward, we remain confident in our ability to deliver strong performance and value, while staying true to our customer-centric principles. We invite you to continue growing with us as we take our fund to the next level.

Regards, Investment Team

PERFORMANCE SUMMARY

Fund Name: Maxiron Monthly Income Trust | Fund Type: Pooled Mortgage Fund
Please note that past performance is no guarantee as to the certainty of future performance.

FUND INSIGHTS

^Return is based on our advertised rate of return during the period.

^Return is based on reinvestment of monthly distribution with no withdrawals.

Please note that past performance is no guarantee as to the certainty of future performance.

MORTAGE PORTFOLIO SUMMARY

Note: All the Figures are based on unaudited figures as of 01/07/2024 and may be subject to change. The data is based on the loan amount within the loan portfolio.

PROPERTY MARKET

Over the past year, Australian property prices have continued to rise despite significant interest rate hikes. This trend is driven by several factors:

  1. Supply and Demand: The housing market has experienced a low supply of homes for sale, while demand has remained This dynamic is particularly evident outside of Victoria and Tasmania. Population growth, especially net overseas migration, has further strained the housing supply, leading to low rental vacancy rates and higher prices. Despite building approvals running at low levels, the demand for housing continues to outpace supply.
  2. Affluent Buyers: A significant number of affluent buyers, including baby boomers, are purchasing properties without Many baby boomers, who have seen substantial equity growth in their homes and have access to their superannuation, are making cash transactions. This demographic is active in downsizing, relocating, and investing, which stimulates the market. The prestige property sector, with homes priced above $5 million, has also seen notable growth, driven by high salaries and foreign investors.
  3. Interest Rates and Affordability: While rising interest rates typically reduce property values, the market has shown High interest rates have made it challenging for average buyers to secure financing, but affluent buyers and investors continue to drive demand. Economists are divided on the timing and extent of future rate cuts, with some predicting multiple cuts in 2024, while others anticipate none. Stabilised interest rates since late last year have encouraged investors to seek quality assets before potential rate decreases.
  4. Rental Yields: Rental yields have increased substantially in many markets, sometimes outpacing property value High rents are prompting renters to consider buying homes, while investors are attracted to the potential long-term returns on quality assets.
  5. Consumer Confidence: Consumer confidence, which was low in 2023 due to economic and socio- political issues, is expected to improve as inflation is controlled, and interest rates stabilize. Increased consumer confidence will likely boost the housing market as people feel more secure in making significant financial
  6. Economic Climate: The overall health of the economy, indicated by factors such as GDP, employment rates, and manufacturing activity, plays a crucial role in property Australia’s strong job market supports the housing market, even if the economy faces minor challenges.
  7.  

In summary, Australian property prices are influenced by a combination of low supply, high demand, affluent buyers, resilient market dynamics despite high interest rates, rising rental yields, improving consumer confidence, and a strong economic climate. Understanding these factors provides a comprehensive view of the current and future state of the Australian property market.

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Maxiron Wealth Featured in Money Magazine

Maxiron Wealth Featured in Money Magazine

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Maxiron Wealth is proud to have been featured in a recent issue of Money Magazine, a trusted and widely-read publication in the financial and investment community. This opportunity allowed us to showcase our investment products to an audience keen on exploring financial strategies and opportunities.

 

Being included in Money Magazine aligns perfectly with our mission to connect with savvy investors seeking trusted investment options. The feature not only enhanced our visibility among readers but also solidified our reputation as a reliable partner in achieving financial success.

 

We are thrilled to have had this platform to share our expertise and demonstrate our commitment to providing high-quality investment options. This milestone is another step in our journey to help investors maximise their wealth.

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Maxiron Wealth at the 2023 Australian Property Expo

Maxiron Wealth at the 2023 Australian Property Expo

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Maxiron Wealth proudly participated as a sponsor at the 2023 Australian Property Expo, one of the premier events in the property and investment industry. This expo brought together industry leaders, investors, and professionals, creating a dynamic platform for networking, collaboration, and knowledge-sharing.

For us, the event was an incredible opportunity to promote our brand and connect with a diverse audience. It provided the perfect setting to showcase our expertise in the investment space, strengthen relationships, and engage with potential clients who are passionate about achieving their financial goals.

The expo not only enhanced our visibility but also reinforced our reputation as a trusted name in the industry. The vibrant atmosphere and the opportunity to meet and interact with so many professionals and investors made it a truly rewarding experience for Maxiron Wealth. We look forward to continuing to participate in such impactful events in the future.