Larger mortgages over $1million now exhibiting unprecedented repayment strain
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Independent iCIRT ratings are gaining traction within the residential construction sector. Here’s why property buyers, builders, developers, funders and others are using ratings.
Australia’s residential development industry, having navigated significant challenges in 2024 with climbing exit rates and decade-high insolvency, is showing signs of recovery in 2025. To explore these positive trends, we convened a panel of industry experts to discuss market changes and the impact of iCIRT ratings on buyer and funder confidence.
Overall industry insolvencies have risen to more than double historic levels, with considerable impact on small-medium businesses
As we progress into 2025, what critical challenges must credit professionals anticipate and proactively mitigate? Equifax commercial credit data signals a marginal contraction in commercial credit enquiries, a slowing rate of insolvency growth, increasing arrears within key sectors, and heightened demand for personal finance from SMEs and sole traders.
The endeavor to build or renovate a home in Australia stands as a significant investment, both financially and emotionally. In a sector characterised by innovation alongside inherent complexities, the selection of a reputable and reliable builder is paramount. A misstep in this critical decision can precipitate costly delays, substandard workmanship, and considerable stress.
The Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) reforms are crucial for protecting the financial system from illegal activities. This overview explains the key changes brought about by Tranche 2 detailing essential compliance mandates and effective risk management practices.
The pace of businesses engaged in construction activity employing more than 5 full time staff entering initial external administration has slowed in the financial year ended June 2024. This is in contrast to the businesses employing less than 5 full time staff which continue to report a higher number of initial external administrations, thus lifting the overall construction business failure levels to record highs.
iCIRT, the independent construction industry rating tool, is designed to provide an independent assessment of entities operating in the construction industry, having the capability, capacity and willingness to support the delivery of trustworthy built assets.
Equifax A/NZ joins the Dun & Bradstreet Worldwide Network as member for A/NZ region
