Category: Uncategorised

At its meeting today, the Board decided to leave the cash rate unchanged at 3%. In Glenn Stevens statement he announced “Global growth is forecast to be a little below average for a time, but the downside risks appear to have lessened over recent months. The United States is experiencing a moderate expansion and financial…

If you are investing in the housing market vs investing in the sharemarket, make sure you are informed about the property and the market cycle. There are opportunities in the housing market when it is at the bottom of the cycle, which is where most property markets in Australia have been since 2010. If you…

APM’s December 2012 quarter report confirms Sydney is still the most expensive city to rent in and Perth is set to take the lead in 2013. Perth house rents rose by a 17.5% over 2012 with unit rents (also) increasing by 14.3%. Rental growth for houses in Sydney held in 2012 at $500 pw but…

Interesting Forecast from BIS Shrapnel. “The Residential Property Prospects, 2012 to 2015 report from economic forecaster BIS Shrapnel says NSW and the resource-rich states of Queensland, Western Australia and the Northern Territory are already showing signs of recovery. However, the rest of the country – Victoria, South Australia, Tasmania and the Australian Capital Territory –…

Glenn Stevens statement today: “Global growth is forecast to be a little below average for a time, but the downside risks appear to have abated, for the moment at least. The United States has so far avoided a severe fiscal contraction and financial strains in Europe have lessened considerably over recent months. Growth in China…

Great article from VOW Financial: “When structuring a home loan, investors have different needs to consider than owner occupiers. It’s not uncommon to see investors make the costly mistake of taking out loans that don’t have the flexibility required to help with the purchase of their next property. The correct loan structure can not only…

Have you heard that the ABA has changed it’s unclaimed money legislation so that if no deposits or withdrawals are made for 3 years (previously 7) in bank, super, insurance accounts the money is handed to ASIC. Also lost super and bank accounts will no longer be eroded by fees and instead, interest will be…

Since the RBA cut interest rates on 4 December by 0.25%, here’s how some of the lenders responded. ********************************************************************************** ING Direct SVR cut 0.25% to 5.72% ME Bank SVR cut 0.2% to 5.88% ME Bank SVR cut 0.2% to 5.88% NAB SVR cut 0.2% to 6.38% Bankwest SVR cut 0.2% to 6.39% Commonwealth Bank SVR…

At its meeting today, the Board decided to reduce the cash rate by 25 basis points to 3.0%, effective 5 December 2012. If the full cut is passed on, it would save someone with a $300,000 variable rate mortgage around $60 per month. Fixed rates may be worth considering in this current market. The 3…

Here is a summary of some of the lenders rates which does not include fees. In many cases fees over the life of the loan can equate to a higher interest rate. This is a guide only and is based on mortgage amounts of $250k or more. At HLC we are often able to secure…