Trading Update
As we step into 2025, it’s important to reflect on the recent market trends and how they may shape your investments with ASCF moving forward.
In Australia, the Reserve Bank has held interest rates steady to manage inflation, keeping lending conditions tight.
Moving forward we expect the RBA to reduce rates by 0.25% in February followed by a further 0.25% by June lowering the cash rate to 3.85%.
Any further reductions in late 2025 will remain data dependant but with the December 2024 quarter core inflation expected to be close to within the RBA range of 2% to 3% we believe employment data will determine whether further rate cuts eventuate.
At this stage ASCF’s internal view is that we are unlikely to see more than two rate cuts from the RBA in 2025 of 0.25% each however we consider this sufficient to cushion the property market from any sort of deterioration in pricing.
Whilst a weaker Australian dollar heading into 2025 will support exports, it will also drive investment into the county in particular into property from overseas investors.
Imports and the cost of construction materials may increase slightly but we expect wage growth to remain subdued which will bring stability to to construction prices.
Overall we are confident 2025 will be a positive year for the Australian economy driven by lower interest rates, steady employment and and stable inflation all of which will underpin residential property prices.
ASCF Current Targeted Distribution Rates
ASCF High Yield Fund
3 Months | 6 Months | 12 Months | 24 Months |
---|---|---|---|
6.50% | 7.25% | 7.75% | 7.30% |
ASCF Select Income Fund
3 Months | 6 Months | 12 Months | 24 Months |
---|---|---|---|
6.25% | 6.75% | 7.25% | 6.75% |
ASCF Premium Capital Fund
6 Months | 12 Months | 18 Months | 24 Months |
---|---|---|---|
6.10% | 6.25% | 6.75% | 6.30% |
ASCF Private Fund
3 Months | 6 Months | 12 Months | 24 Months |
---|---|---|---|
8.19% | 8.39% | 8.59% | 8.49% |
Monthly Managed Fund Cumulative Growth & Performance
Managed Funds Under Management
as at 31st of December 2024
December 2024 | |
---|---|
ASCF High Yield Fund | $157,573,025.33 |
ASCF Select Income Fund | $50,773,750.22 |
ASCF Premium Capital Fund | $24,599,523.53 |
ASCF Private fund | $37,863,096.22 |
Combined Funds under Management | $270,809,395.30 |
In December, loans and inquiry levels were steady, with $19,096,656.00 in new loan originations settled.
The unit price across all three of our retail funds remains stable at $1.00 per unit.
All monthly distributions have been paid in full for the month of December.
Lending Activity Update
Quarterly Loan Settlements
as at 31st of December 2024

Current Loans by Fund Source
as at 31st of December 2024
High Yield Fund | Select Income Fund | Premium Capital Fund | |
---|---|---|---|
1st Mortgage Loans | 76.68% | 100% | 100% |
2nd Mortgage Loans | 18.99% | 0% | 0% |
1st & 2nd Mortgage Loans | 4.33% | 0% | 0% |
Avg. Weighted LVR | 52.36% | 40.23% | 45.44% |
Avg. Loan Size | $1,256,430.08 | $937,678.05 | $911,683.33 |
Current Loans Geography
as at 31st of December 2024

Why Invest with ASCF?
Maximise your investment potential with mortgage funds in 2025
Looking for a structured way to diversify your portfolio in 2025? Pooled mortgage funds provide access to property-backed investments without the responsibilities of managing property directly.
At ASCF, investor funds are combined and lent as secured property loans on residential and commercial properties. Investors receive regular income distributions from the interest and fees paid by borrowers.
Why choose ASCF mortgage funds?
- Consistent income potential: Designed to deliver regular monthly distributions.
- Diversified risk: Investments are spread across multiple secured loans.
- Expert management: Our experienced team carefully manages every loan.
- Simple property exposure: No large deposits or property management required.
ASCF’s pooled mortgage funds offer professionally managed access to property-backed investments designed to generate regular income distributions.
Ready to learn more? Contact us today or visit our website to explore how ASCF can support your investment goals.
Disclaimer: At ASCF, we’re here to help you invest on your terms. Since inception, all investors have received their targeted distribution rate monthly and all redemption requests have been paid on time and in full, however past performance is not indicative of future performance. Distributions are not guaranteed nor a forecast. Lower than expected returns may be achieved. Investment in the Funds is not a bank deposit and investors risk losing some or all of their capital. Withdrawal rights are subject to liquidity and may be delayed or suspended. Read the PDS and TMD, available from our website.
An Interesting Transaction
Problem:
A broker approached ASCF after their original lender failed to meet the settlement deadline. The property was an off-the-plan purchase, and the developer refused to grant an extension.
Solution:
ASCF quickly provided an urgent 1st mortgage to secure the borrower’s new home, preventing the loss of both the deposit and the property.
The loan totalled $420,000 on a six-month term at 10.95% p.a. with a 70% LVR.
Although the term was six months, the borrower successfully refinanced within two months. ASCF conducted a full serviceability check during the application process to ensure refinancing would be straightforward.
What ASCF does differently
ASCF is able to provide urgent funding where other lenders have let the borrowers down. ASCF can meet very pressing time frames which can help to avoid borrowers losing deposits and the ability to settle on their home, or an investment property.
Market Update
CoreLogic’s Home Value Index (HVI) recorded a 0.1% decline in December, the first national drop in nearly two years. This slight downturn capped a robust growth period from February 2023 to October 2024, where property values showed remarkable resilience despite high interest rates, cost of living pressures, and reduced borrowing capacity.
The national decline was mirrored in the quarterly figures, with values also falling 0.1%, signalling a shift in momentum. Five of the eight capitals recorded declines between July and December, although Adelaide and Perth continued to perform strongly. Adelaide overtook Perth as the best-performing market in the December quarter, with values rising 2.1% compared to Perth’s 1.9% and Brisbane’s 1.3%.
In annual terms, Australian home values rose 4.9% in 2024, adding approximately $38,000 to the median home value. The mid-sized capitals led the charge, with Perth (+19.1%), Adelaide (+13.1%), and Brisbane (+11.2%) achieving double-digit growth. However, Melbourne, Hobart, and the ACT recorded declines over the year, with values falling -3.0%, -0.6%, and -0.4%, respectively.
Looking ahead, as highlighted in our market update above, anticipated rate cuts in 2025 should help stabilise the market, while a weaker Australian dollar may attract international investment, particularly in property. Regional markets, which outperformed the capitals with a 6.0% annual growth, are expected to remain a bright spot, driven by strong performances in WA, SA, and QLD.
Property Values
as at 31st of December 2024

Median Dwelling Values
as at 31st of December 2024

Quick Insights
Thinking of buying a bigger home in 2025?
With house prices softening in Sydney and Melbourne, buyers looking to upgrade could find great opportunities this year. Experts predict that expected interest rate cuts in 2025 will bring renewed confidence to the market, though competition is currently lower, giving upgraders a chance to secure their dream home before demand picks up.
Source: Australian Financial Review

What’s shaking up the housing market in 2025?
Lower interest rates, easing inflation, and slowing overseas migration are set to shape Australia’s housing market this year, with potential for mild recovery following a shallow downturn. Explore how economic shifts and lending policies could impact values, demand, and construction.
Source: Corelogic
