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Hello,
Welcome to our latest newsletter.
In this issue we discuss how buying properties in other parts of Australia can appear more difficult. We are happy to help you as there may be opportunities you havent considered.
We also recognise there are different ways of investing in property. Our article on Property Trusts gives a brief explanation of how these work.
Our final article on Offset continues to provide some education on this feature which is of benefit to some clients.
We hope you enjoy the newsletter. Please pass it on to anyone you know who may be interested, or reviewing their finance options. Receiving referrals from existing clients and contacts is a very satisfying part of my role in helping people.
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PO Box 319
Toongabbie NSW 2146| Tel: | 1300 66 12 11 | | Mob: | 0404 037 663 | | Fax: | 02 8214 6592 |
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Here to help you
With more financial transactions being available on line all the time, and with a host of lenders available every time you want to borrow, what is the value of maintaining a long term relationship with your mortgage broker?
The best reason may be the very fact that there is so much choice and so many products available. Assessment of them all can become a minefield - an interest rate that appears low may not be so attractive when other terms of the loan are considered.
Read More >>
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Looking to buy an interstate property
For most home buyers and property investors, their own state, city or region is the logical place where they make their first purchase. However, after owning a home or investment property for a period of time, many clients become aware of appealing property investments in other cities or states of Australia.It is common for the media to comment that the property market in one state is in a period of flatness, while in another, the property market is taking off for a boom. In recent years, the property situation in Sydney and Perth have been reported in this way. Many Sydney suburbs have been regarded as being flat, while almost any property in Perth has been regarded as being a candidate for boom conditions
Read More >>
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Investing in property trusts
Have you thought of the role we can play in borrowing money to invest in a property trust?Without wishing to actually advise you on whether a property trust is right for you, it is a fact that this form of investment appeals to some but not to others. Some investors are turned off by the fact that investment in a property trust does not result in ownership of an individual building which can be touched and felt. It results in shared ownership of a portfolio of properties together with other investors.
But some people are equally turned on by the prospect of not having the responsibility of personally owning a property and the risks of bad tenants, rent droughts and management worries.
A property trust also allows the investor to buy into certain classes of property - such as prime commercial property.
Read More >>
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What is offset?
You may have heard the term 'offset' or 'offset account' but do you know what it means?An offset account allows a home owner or investment property owner to place an amount of money on deposit with the lender. Instead of receiving interest on the deposit as would be usual, the interest is offset against the interest accruing on the mortgage.
Read More >>
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Mortgage & Finance Association of Australia
Mortgage World Australia is a full member of the MFAA. As a member we must adhere to an Industry Code of Practice, which requires professionalism, ethical behaviour, transparency and a commitment to you, the borrower.
This helps to ensure that your best interests are at heart whenever we make a finance recommendation.
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News & Specials
- Bankwest have brought back their Rate Tracker Home Loan which offers a 0.90% p.a. discount off the average standard variable rate of the big 4 banks for the first 3 years of the loan. There is also no early repayment penalty on this loan which means you can refinance after 3 years without being charged a hefty exit fees.
- As of Monday 13th July RAMS are offering a FlexiFix product where up to a maximum of 50% of the loan amount can be fixed for 2 years at 4.99% p.a. rolling over to the Smartway Variable rate after 2 years. Variable portion can only be taken as a Smartway Variable loan which currently offers an interest rate of 5.49% p.a.
- St.George are offering a 0.15% p.a. discount off their fixed rate home loans if taken under their Advantage Package. Westpac are offering a 0.20% p.a. discount off their fixed rates under their Premier Advantage Package.
- Although most lenders are no longer offering cheap low doc interest rates RAMS are still very competitive in this market.
- Go into the draw to win $10,000 in Cold Hard Cash by either booking an appointment with us, using our services to take out a home loan or by referring a friend. Competition ends on 31st July 2009.
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Disclaimer: This newsletter is intended to provide general news and information only. Readers should rely on their own enquiries before making any decisions regarding their own interests. Please do not rely on any part of this newsletter as a substitute for specific legal or financial advice. All material is copyright 2009.
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