Australians hold $61,000 worth of assets they could make work for them
Announcement posted by Assetline 08 Sep 2014
Census data shows that Australians have thousands of dollars worth of assets hidden in their homes with no idea that they could be setting their assets to work for them.
Whether it’s jewellery, collectibles, hobby collections, works of art, or paintings, the average household has squirreled away up to $61,000 of valuable contents.
Nick Raphaely, co-founder of Assetline, says that these figures from Census suggest a new way for families to maximise their financial potential without risking their future.
“Australians don’t want to mortgage their future. With Assetline, families who want to investigate new financial opportunities are able to essentially lend to themselves using their own possessions as collateral.”
Assetline, Australia’s premier high-end personal asset lender, was founded in February, 2013 by Steven Beinart and Nick Raphaely as a way for people to take advantage of the financial capabilities of their assets.
“We want to hear from anyone who has a need to raise funds and collateral in the shape of personal assets such as luxury cars, fine art, and diamond jewellery to stand as security for the loan” says Steven Beinart, co-founder of Assetline.
The company offers short-term loans with the utmost discretion and security, which can be applied for either online, at their office or even request a home consult. On hand is a team of valuation experts with specialist expertise in the asset classes that they lend against including; luxury watches, jewellery, diamonds and precious stones, fine art and antiques, motor cars (including classic and prestige cars) and fine wine collections. Once the assets have been transferred (in most cases by their logistics partner Australia Post), they are fully insured by Lloyds of London until the agreement has run its course.
Whether it’s to take advantage of an investment opportunity, help out a small business in times of irregular cash flow, or simply make ends meet as living costs continue to skyrocket, Assetline can provide a fast solution for Australian families using their collectible home contents as real assets.
Notes to Editors
About Assetline
Founded in 2012 and based in Sydney, NSW, Assetline is Australia’s first online personal asset lending platform. Assetline provides short-term, flexible loans secured against a range of high-end valuables. No credit or income checks are required and funds can be advanced within 24-48 hours. Assets are valued by valuation experts and are securely stored in specialist facilities. Through the development of the SecureLineTM online platform, Assetline is able to drive down costs and offer interest rates considerably lower than traditional personal asset lenders.