Late week surprise…….. Me Bank Lowers Interest Changes

Late week surprise Me Bank Lowers Interest Changes   Product Name Flexible Home Loan - 1 Year Fixed (Investment) Flexible Home Loan - 2 Year Fixed (Investment) Flexible Home Loan - 3 Year Fixed (Investment) Flexible Home Loan - 4 Year Fixed (Investment) Flexible Home Loan - 5 Year Fixed (Investment) Flexible Home Loan with Member Package - 1 Year Fixed (Investment) Flexible Home Loan with Member Package - 2 Year Fixed (Investment) Flexible Home Loan with Member Package ...
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Negative Gearing in the Property Market

Negative gearing is commonly used throughout Australia as it provides individuals with an opportunity to make an investment that wouldn’t necessarily be afforded otherwise. Put simply, negative gearing is when an individual funds an investment using debt financing, and this is offset in individual tax returns. Read full article Source: ATB Partners
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Fourth major bank hikes Interest rates

Last major banks announces variable rate rises The last of the four major banks has decided to increase variable rates on owner occupied and investment home loans. ANZ by 0.18% NAB by 0.17% CBA by 0.15 % The Reserve Bank of Australia still has Interest rates at its lowers in decades at 2%. BUT with the Banks variable rates going up is it time to review your mortgage and see what options their is ? Please feel free to contact us if you want an obligation free review of your loan...
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FIRST MAC Bank – Product Update

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Commonwealth Bank Interest Rate Changes

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NATIONAL AUSTRALIA BANK Bank Interest Rate Changes

Bank Interest Rate Changes Base Variable Rate (Principal & Interest) Previous 4.28% Current 4.15% Change (%) -0.13%   http://www.1300whatloan.com/news/national-australia-bank-bank-interest-rate-changes  
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  ING Interest Rate Changes

Promotional interest rate drop to 3.99% p.aING DIRECT announced enhancements to the current Orange Advantage interest rate promotion, dropping the variable interest rate to 3.99% p.a. (comparison rate 4.19% p.a.) and removing the loan amount threshold of $500,000.They also have our 1% cash back on monthly mortgage repayments of up to $3,000 promotion. All that is required is for customers to: Hold an Orange Advantage Home Loan and an Orange Everyday account Deposit their salary of $1,000 or ...
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Who really uses negative gearing? Nurses, teachers, clerical staff

The Property Council of Australia refutes claims made today that average Australian workers are not the main beneficiaries of negative gearing.   The latest available data from the Australian Taxation Office is indisputable and it shows that some of Australia’s most valued, but lower paid workers are the primary beneficiaries of negative gearing.   This includes the 42,000 nurses, midwives and aged care workers, 62,000 teachers and child carers, 12,300 emergency service wor...
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A Complicated Past May Still Secure You a Home Loan – Non Conforming Loans

It is possible to get a Home Loan even if you don’t meet a Bank’s credit criteria. With the memory of the recent financial crisis still fresh and the resulting credit tightening still in effect at most financial institutions many would-be homeowners are still standing on the sidelines assuming that credit is out of reach for them. Industry experts recently revealed that one in five people in Australia still can’t get credit from a traditional lender. That’s where Specialist Lenders come in...
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RECORD HIGH LEVEL OF NEW HOME BUILDING HELPS HOUSING AFFORDABILITY

The latest ABS Building Activity data released today shows that 2014 was a bumper year for new residential construction with the value of work and number of building starts both recording double digit increases in the year to December, seasonally adjusted. New residential dwelling commencements jumped 17.9 per cent year on year hitting 197,972 in seasonally adjusted terms for 2014, despite commencements for the quarter falling by 10.6 per cent. The value of new residential building work ...
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Interest Only Home Loans – for Investors or Everyone?

There's been a lot of talk about this type of loan structure lately, with industry heavyweights such as John Symonds (Aussie Home Loans) and Mark Bouris (Yellow Brick Road) weighing in on the topic. Symonds went as far as calling for a ban this type of loan, whereas many, such as Bouris consider it effective when used correctly, in tandem with professional financial advice. With a normal loan, each monthly payment would consist of an amount that's paid off the debt (principle) and the interes...
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Making News This Week – 27/6

Give mortgage brokers the respect they deserve: MFAA Read More The MFAA has demanded that APRA back down from its claim that third-party loans are riskier than loans from other sources. The MFAA has now responded with an official submission that calls for APRA to withdraw such comments from its final version of the guide. Housing costs, mortgage stress in Perth cripples families Read More A recent survey reports that thirty per cent of WA Speaks respondents said they were lucky to have $100...
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Whats Making News this Week

Heres a roundup of whats making headlines this week: Mortgage brokerage on top Broker News Australia Aussie Home Loans took out the Mortgage Broker of the Year award for the seventh year running at the 2014 Asia-Pacific Banking & Finance Magazine Awards. Pending Home Sales Miss Expectation Business Insider Australia Pending home sales climbed 0.4% month-over-month in April. This missed expectations for a 1% rise. On the year, pending home sales were down 9.4% worse than expectation...
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Tax Tips: Switching Your Home into a Rental Property

There are many reasons why homeowners may choose to change their current principal place of residence (PPOR) into an investment property. Perhaps they are looking to upgrade to a larger – or perhaps downsize to a smaller – model, and wish to retain the original property as an investment, or maybe they have been geographically relocated due to work obligations. Regardless of the reason, there are numerous factors that homeowners, and subsequent investors, should be aware of when making the switch...
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10 Things First Time Home Buyers Need To Know About Mortgages

This guest blog is written by Andrianes Pinantoan. Whether to buy a home or not, it will be one of the biggest decisions you have to make in your life. It is certainly the biggest buying decision you have to make in life. Despite this, however, many first time home buyers don’t know enough about mortgages to make a sound decision. If you’re a first home buyer who wants to avoid the fate of receiving unpleasant surprises from your financial institution, then these 10 tips are crucial. L...
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