Archive for the ‘Topical news’ Category

There are some good deals in the market at the moment for loans for business purposes:

* Business Purpose from 6.95% (Comparison Rate of 7.00% for new loans less than 70% LVR)

* Cash out to 90% (Max $1Mil)

* Company/Trust Structures

* Nil application fee or account keeping fees

We can provide more information on this at any time.

Note: Comparison Rate calculated on a loan amount $150,000 over a term of 25 years based on monthly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

In welcome news yesterday, the Reserve Bank of Australia announced that they would be leaving the Official Cash Rate unchanged at 4.75%.

A copy of the announcement by the Reserve Bank can be found here.

More and more we are hearing that it’s a buyer’s market out there. In simple terms, this means of course that there are more people trying to sell properties than there are buyers.

Most people avoid buying because a buyer’s market is usually a result of conditions that exist that cause people to stand back until “conditions improve” but it may in fact be just the time to get in and look around.

The longer a property is on the market and the less buyers there are competing for the property, the more likely it is to snare a bargain.

The flurry of special offers continue which makes it easier harder to determine what’s available from time to time but the great news is that the software that we use is updated on a daily basis with these special offers and included in any searches that we do.

One of the latest announcements is by St George who are offering a 1% discount off the standard variable rate for the first year under their Introductory Rate Home Loan and also offering a $700 refinance rebate for new customers to St George.

If you are interested in finding out more about this or any other offer available on the market, please contact us for further information.

The Commonwealth Bank has just announced special offers for any Homeside or NAB clients that refinance to the CBA. This offer runs until 30 April and will see clients offered amounts up to $1,200 for new home loans with smaller amounts for new credit cards or new bank accounts for anyone refinancing from Homeside or NAB.

These amounts certainly don’t justify refinancing just for the sake of it but if you have been thinking about refinancing and you’re with Homeside or NAB, give us a call and we will we happy to help you with your refinance!