May
by Defence Housing Australia
Over the past decade self-managed superannuation funds (SMSFs) have experienced phenomenal growth.
This year, with the fall out of global share markets and contrasting favourable property investment conditions, many Australian SMSF members are taking advantage of recent changes to superannuation borrowing laws.
Prior to September 2007, SMSF trustees could only buy ‘real or direct’ property for their funds if they could afford to buy it outright. These borrowing restrictions now cease to exist. Trustees can borrow to invest directly in property, enabling them to take advantage of the array of benefits that both property investment and SMSFs offer.
Why borrow ...
read more...
Categories: Newsletter.
May
By Alex Henderson, Prosper Group Director
With property values now on the rise, the strongest feature of the property market has been the exceptional growth in weekly rental rates across houses and units.
All property types across each capital city excluding Hobart recorded growth in weekly rental rates through 2008. On average, rents increased by $41/week for houses and $35/week for units, indicating very strong rental growth.
Sydney has been the second standout city performer in the country in terms of rental growth where the median house rents increased by 18% over the year and unit rents climbed by 14%.
Areas (LGAs).
A shortage of ...
read more...
Categories: Newsletter.
May
by Colin Nicholson
Last month we looked at the Current Ratio. The discussion of that ratio pointed out the need to look beyond the simple ratio, especially if the ratio was falling over time.
A ratio which is closely associated with the Current Ratio is the Acid Test Ratio. To calculate the Acid Test Ratio it is necessary to identify some components of the total current assets and total current liabilities. The two components are:
Inventory is subtracted from total current assets because it may take some time to turn stock levels into cash.
Bank Overdraft is subtracted from total current liabilities because it ...
read more...
Categories: Newsletter.
May
by Arthur Kassos
This financial year is going to be one of the toughest financial years on record especially for those involved in the share market. Capital losses are going to be more prevalent than capital gains this year but the record keeping requirements for both are just as important. You must have purchase and sale records of each individual transaction including all units associated with the transaction.
In fact everybody should probably start getting their records in shape from now so when 1st July 2009 arrives you can lodge your tax return early, especially if you have refunds due.
If you have ...
read more...
Categories: Newsletter.
29 May
The Reserve Bank is unlikely to further lower interest rates at its June board meeting next Tuesday, according to most economists.
The cash rate is expected to remain at 3 per cent, thanks to signs of global economic stabilisation.
Some economists are predicting further interest rate cuts later in the year around September, particularly if unemployment rises as expected.
Home loan interest rates are also likely to remain relatively stable, although some fixed home loan rates have risen in the past week.
read more...
Categories: Finance News. Tags: Fixed Home Loan Rates, Home Loan, Interest Rate, Reserve Bank.
This month has been pretty momentous for first home buyers in Victoria, with both the Victorian and Federal Governments announcing incentives for first home buyers in their respective budgets.
Home Loans – Investment Loans – Equipment and Leasing
I have extensive experience across the east coast of Australia with the following lending:
First home buyers
Construction loans
Equity loans
Self employed / low doc loans
Debt consolidation and refinancing of loans
Commercial and development loans
Equipment Finance
Non resident lending
Recent news that the median price of land has softened is also useful for both first home buyers and those looking to buy new ...
read more...
Categories: Mortgage Brokers. Tags: Brunswick, Clint Bravo, Commercial Loan, Debt Consolidation, Equity Loan, First Home Buyers, Home Loan, Low Doc Loan, Mortgage Broker, Refinancing, Self Employed.
29 May
Low interest rates and the First Home Owners Grant boost, together with an easing median land price, have combined to make purchasing a house and land package more affordable and attractive, according to the Housing Industry Association (HIA).
HIA Chief Executive Harley Dale said 'modest reductions' in median land prices across the country was welcome news, especially for first home buyers hoping to take advantage of the maximum first home buyer grant of $21,000 for newly built properties.
With the boosted first home owners grant set to continue in full until September 30 and then ...
read more...
Categories: Finance News, Property. Tags: Affordable, First Home Buyers, First Home Buyers Grant, First Home Owners Grant, First Home Owners Grant Boost, Grant, Home Loan, Interest Rates, Mortgage Broker.
28 May
Australian households have a better grip on their mortgage repayments than in recent times, according to the monthly Mortgage Stress-O-Meter released by Fujitsu Consulting.
The May results show mortgage stress amongst Australian households has fallen by 3 per cent over the past month.
The fall in households suffering mortgage stress has been directly attributed to a combination of lower interest rates and Government stimulus handouts.
The report shows nearly one in three suburban families is making more than the minimum required monthly home loan repayment, placing these homeowners in a good position to weather any future financial turbulence.
40 per ...
read more...
Categories: Finance News. Tags: Fixed Home Loan Rate, Home Loan, Home Loan Repayment, Interest Rates, Managing Mortgage, Mortgage, Mortgage Stress.
Tasmania is popular with first home buyers. Tasmania's highest level of property sales in over 18 months has been attributed in part to a large influx of first home buyers taking advantage of the First Home Owners Grant boost, according to a report by the Real Estate Institute of Tasmania (REIT).
REIT President, Peter Bushby, believes attractive property prices and the first home owners grant boost have been particularly effective in helping young first time buyers to enter the market.
In some areas, first home buyers can purchase property in the $150,000-$180,000 range, which is ...
read more...
Categories: Finance News. Tags: First Home Buyers, First Home Owners Grant Boost, Fixed Home Loan Rate, Home Loan, Home Loan Options, Mortgage Broker, Tasmania.
25 May
First home buyers who are concerned about recent reports showing a rise in the average home loan size and wanting to limit their exposure to debt as much as possible should consult a reputable mortgage broker for assistance.
A good mortgage broker can work with you as a first home buyer in a number of ways to ensure your home loan is, and will remain, manageable for you.
Some of the options available to first home buyers include:
Choosing the right home loan
In many cases, simply ensuring you have the correct home ...
read more...
Categories: Finance News, Media Articles. Tags: Deposit, Family Equity, First Home Buyer, First Home Buyers, First Home Owners Grant, Fixed Home Loan Rate, Home Loan, Mortgage Broker, Mortgage Management Strategies, Mortgage Stress, Variable Home Loan Rate.
Loading ...
