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Macquarie Bank have decreased their variable interest rate by 0.21%pa effective 13 June for new loans and 18 June for existing customers. Standard variable rate will be 6.85%pa.
We can help you compare home loans to consolidate your debts, renovate or invest in property through your Self Managed Superannuation Fund (SMSF).
ANZ have passed on the full interest rate cut announced by the RBA on 5 June 2012. Their variable home loan rate from 15 June is 6.8% the lowest of the big banks.
Thanks Mike Baird. His NSW Govt State Budget delivered on 12 June 2012 is great for investors and first home buyers. It delivered the “Building the State” Package to boost new home builds. This includes:
• Existing First Home Owner Grant of $7,000 will be abolished for existing properties.
• First Home Owner Grant will however more than double to $15,000 from 1 October 2012 ($10,000 from 1 January 2014) for new properties up to $650,000;
• A New Home Grant of $5,000 to all non-first homebuyers of new properties up to $650,000;
• First Home Buyers Stamp Duty Concessions will continue with an exemption from stamp duty if buying a new property up to $650,000 (up from $600,000) intended to reflect Sydney’s median house price.
For more information follow the link http://www.budget.nsw.gov.au/__data/assets/pdf_file/0014/20561/2012-13_Building_the_State_-_final.pdf
If you would like to know if you can afford an investment property to take advantage of the New Home Grant of $5,000 let us help you. We can compare home loans to help you purchase an investment property in your Self Managed Superannuation Fund (SMSF), to help you renovate, consolidate debts or refinance your existing mortgage to a better rate and save you money.
Did you catch the NSW State Govt Budget forecast for 2012-2013?
• State economic growth: 2.25 per cent.
• Unemployment rate: 5.5 per cent.
• Budget deficit: $824 million.
• Budget expenditure: $60.5 billion.
• Infrastructure investment: $15 billion (General government sector and Public Trading Enterprise sector).
The “Build the State” package was also created to encourage building of new homes. We can compare home loans to help you refinance, renovate, consolidate your debts or invest in property through your Self Managed Superannuation Fund (SMSF).
What price should I pay? How much is my home worth in today’s property market? Ask us and we can access the same data Australian real estate agents and banks use to help answer these questions with a Home Price Guide Property Report
You’ll need to sign the sale contract and pay the deposit on the spot (usually 10%). Unlike when you buy a house that is for sale, there is no cooling-off period when you buy at auction, or exchange contracts on the same day as the auction after it is passed in. So it is important to have your finance pre approved.
ANZ have passed on the full interest rate cut announced by the RBA last Tuesday. Their variable home loan rate from 15 June is 6.8% the lowest of the big banks.
Westpac’s variable lending rate will drop 20 basis points rather than the full 25 basis-point cut made by the RBA. The bank’s lending rate will fall to 6.89 per cent, effective from June 18.
The market is very competitive right now and we can compare home loans and get you a better deal on fixed interest rates and also variable interest rates through The Home Loan Company.
Have a happy long royal weekend.
Currently, all people eligible for Medicare who have private health insurance are entitled to a rebate of 30%, 35% or 40% depending on their age. From 1 July, the rebate percentage you’re entitled to will depend on your age and your income level. This won’t affect everyone — single people with an income of less than $84,000 pa & couples or families with an income of less than $168,000 are not likely to be affected. Check it out.
http://www.ato.gov.au/taxprofessionals/PrintFriendly.aspx?ms=taxprofessionals&doc=/content/00285805.htm
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 3.50 per cent, effective 6 June 2012. The lowest it’s been since Nov 2009! It’s a good time to save money on your mortgage and we can help you secure great rates.
“At its meeting today, the Board decided to lower the cash rate by 50 basis points to 3.75 per cent, effective 2 May 2012. This decision is based on information received over the past few months that suggests that economic conditions have been somewhat weaker than expected, while inflation has moderated. Growth in the world economy slowed in the second half of 2011, and is likely to continue at a below-trend pace this year. A deep downturn is not occurring at this stage, however, and in fact some forecasters have recently revised upwards their global growth outlook. Growth in China has moderated, as was intended, and is likely to remain at a more measured and sustainable pace in the future. Conditions in other parts of Asia softened in 2011, partly due to natural disasters, but have recently shown some tentative signs of improving. Among the major countries, conditions in Europe remain very difficult, while the United States continues to grow at a moderate pace. Commodity prices have been little changed, at levels below recent peaks but which are nonetheless still quite high. Australia’s terms of trade similarly peaked about six months ago, though they too remain high. ”
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