Gunnink & Company Business Brokers

December news update: Interest rates on the rise

According to business reporter Michael Janda from ABC news, the US federal reserve interest rates are on the rise. He comments that in a globalised market, investors are likely to put their cash in places which attract higher interest rates. Naturally, as that happens, the local market will respond, and Australian banks will be forced to raise their rates accordingly.

So if you are genuinely looking for a business, the time to lock the interest rates is now for the next few years now and you be glad to have done so!

Business sales have been very depressed over the last 18 months and the multiples of (net profit) buying a business have dropped significantly in the last years, so now is the perfect time to buy the perfect business!

About the Author
Jan Gunnink is the founding Director and Principal of Gunnink & Company Business Brokers in Western Australia. Jan’s experience in the industry is second to none. Jan has been involved in the Real Estate Business Broking industry for over 40 years and as such is one of the longest established business brokers in Western Australia. As a founding member, Jan has been involved in Western Australia’s first Business Broking Association on a committee level. Jan has represented the Kingdom of the Netherlands in Western Australia as the Honorary Consul, from 1993 to 2009.