Help for First home buyers, on interest!

I  Note some simple ideas, to negotiate a lower interest rate for the home.
1    Always research the market via websites like infochoice, iselect

2    Always know as much as possible before you interview the Mortgage Home Loan Originator, as they can be real busy, and want to work with well informed and qualified buyers.
3     Discover that a ” professional deal ” home loan pack, can have a discount of 8o Points below published deals.
4     Consider the ‘Introductory rate” deals with discounts of up to 80 points, check the reversionary interest  rate.

5     Always include all income streams, like welfare, family payments, overtime, rents, Dividends, Part time work : in order to present the strongest possible deal.

6    There are today, special deals for Union members, this can be an 80 point discount.

7    Consider up to 100 point discount for shareholders in some of the major banks and insurance companies.
8     My strategy is:If one buys the second hand, home and does some renovation, one might only need a smaller home loan.

In order to apply for the ebook

1  Return to the top of the page, right side

2  Enter your name and email

3  Click, Send Me the Ebook
4  Check at your email, to download your book.

An Idea on the Melbourne house property boom? Why ?

Today, newspapers are reporting week after week of rising Melbourne home values and premiums achieved at auction. What does it all mean ?

1   The population of Melbourne is booming, growing at 1800 a week.

2   This is considered to be double that of only five years ago.

3    Builders are having difficulty finding finance. They are not building enough to meet the house demand.
4    The changed FIRB {Foriegn Investment Review Board} guidelines for foriegn buyers, has allowed a sudden rise is in overseas buyers. In some areas, these new buyers can account for up to one third of all buyers. This is having a disproportionate effect at the public auction sales.

5   Why is Melbourne so popular? Well all the factors we have always know are becoming more important. Melbourne has great tertiary education institutions, and compared to Sydney, stronger State government leadership!, better public transport {Melbourne is to build several new train stations}, much cheaper land, better hospitals, easier roads congestion and great beaches. I argue there is major interstate immigration from other Australian states.  This will take time to be confirmed with government statistics. Then we will be increasingly, be made aware, just why so many Sydney developers including FKP, Devine, Mirvac, Lend Lease,  have moved their emphasis of  land and homes development to Melbourne.
6  One can still buy a brand new 3  Bed room brick home for around $ 310,000, in Carrum Downs, Skye, Pakenham, Wyndhan Vale, Melton or Tarneit, where similar in Sydney would be $600,000.

For the FREE book

1  Head to the top of the page, right side

2  Enter your name and email

3  Click, Send Me the free Ebook

4 Check your email

Ideas for First Home property buyers Grants,What,where,How?

I am asked often about these First Home addition  Grants. They are subject to change, below I detail my current understanding.
The First Home Buyers grant is in my view a partial return of the GST tax, which has super charged the cost for developing home blocks and new homes.
The USA based bank credit crisis, has encouraged the Australian government to expand the scheme. The Grant is currently $18,000 still available until 30/06/2010, in the metropolitan area. The scheme has been a great success, especially in Victoria, with close to 54,000 grants made. In addition, several major builders like Metricon, Henley, Simonds, National Builders Group, Orbit, Dennis Family Homes have made their own, new home buyer boosted value packages. These are a massive extra benefit. Despite a reduction in hte grant buyers appear to be scrambling to buy now before the grants are cut again.
First home buyers have been temporarily advantaged by these home grants.
So much more information at www.sro.gov.au
To order your free ebook

1  Return to the top of the page, right side

2  Enter your name and email

3  Click on Send Me the Free Ebook

4  Return to your email , download your book

Whats up about house investment property interest rates ?

Given the Reserve bank has raised rates again, whats likely in the future? Lets read the RBA summary, basically they are increasing optimistic into the future. Let us remember its an election year. There are many key state elections before a federal election. Thus the temporary Government stimulus is only going to be withdrawn gradually.
More of the same unfortunately, with  coking coal agreements up 80% on last year and the “spot” market for iron ore up 300% , on last year. The iron ore agreements are not yet released. The steaming coal agreements are also likely to be up strongly.  It is increasingly looking like a two speed economy, stronger for the mining areas and flat for the rest. Minerals and coal are Australia’s key exports, both in value and rising volume terms.

The futures markets give probably the best indication for interest rates, expecting a rise of around 100 basis (1%) points over this year. The interest rates risks might be seen as upside, especially if the USA economy starts to recover! There is even early talk of potentially an “overheating ” effect in the Australian economy within three years.What would a prudent man do? Potentially fix a portion of loans and keep a portion variable. This way if interest rates soar one is slightly protected. If rates fall and one has a windfall gain, one can pay off a portion of the loan without penalty.
Consult your advisor.
Order the  FREE ebook

1   Return to the top of the page, right side

2   Enter your name and email

3   Click, on Send Me the free Ebook

Where is the Home Property Market going right now?

Well talk about confusion!
Never seen so much smoke and mirrors:plenty of countervailing currents here. Many reports say a home in Sydney and Melbourne are amongst the worlds most unaffordable compared to income. Interest rates are on the rise. More land is released on the fringes of Melbourne. Some of the First Home grant incentives are being wound back.
Mark Armstong, CEO of Property Planning Instiute says, The use of Median figures, as indicators of affordability greatly over simplifies the property market. A Sydney home  appparently ranks second most unaffordable compared to incomes right behind Vancouver.
AMP’s Economist, Oliver says continued “under building” of around 45,000 to 50,000 homes a year. ANZ Bank is also very optimistic, for the home market. What can it all mean?

Lets keep it simple. I argue, if Australia is raising interest rates this will be only be after careful consideration of the world economic data. We simply cannot afford a slowdown or recession in an election year. In the USA, current data and reports suggest interest rates will remain low for the foreseeable short term future. Thus, I say interest rates are a likely laggard. If Australia continues to grow, as seems likely, there will be more numbers of people employed and for longer hours, thus leading to higher family incomes. Latest figures show some extra 160,000 employed in the last 6 months. I prefer to see the home market as “prices up side risk”.
Order your  FREE ebook

1 Head to the top of the page, right side
2 Enter your name and email

3 Click, on Send Me the Free Ebook

4 Return to your email, download your ebook

« Previous Page — Next Page »