HOPPERS CROSSING - $360,000
CAROLINE SPRINGS- $330,000
Thursday, November 25, 2010
Tuesday, November 23, 2010
Don’t dance with the Devil…Refinance and save!
Unlike many complacent homeowners, Jason Billsborough and Simone Grounds have refinanced their loan twice since 2006, saving money and cutting the length of their mortgage along the way.
The Brisbane couple originally took out their mortgage with the Commonwealth Bank because it offered a competitive rate and allowed them to use a family guarantor to take the first steps on the property ladder, buying a three bedroom home in Annerley, Queensland.
They decided to look elsewhere after becoming unhappy with the interest rates and fees charged by CBA and they called Aussie Chapel Hill franchisee Tom Mewing, who refinanced them with AMP.
“You don’t have to put up with the antics of banks or continue to dance with the devil,” Mr Billsborough said. “We saved around $500 initially but were still saving around $250 at the end compared to our initial Commonwealth Bank arrangement.”
Pre-empting the Reserve Bank’s moves on Melbourne Cup Day, when they lifted the official cash rate 0.25 per cent to 4.75 per cent, the couple decided a few weeks ago that it was time to have a free Home Loan Health Check with Aussie and Tom Mewing.
“I managed to find them a great deal with Bankwest, saving them $385 a month on repayments and $280 a month on their consolidated debts, which equals a combined $665 a month savings,” Mr Mewing said.
“You have to vote with your feet if you’re not happy because it does work,” Mr Billsborough said.
Mr Mewing said he has had a great deal of interest from new and old clients following the RBA move, and the CBA inflicting almost double the pain with its decision to lift 0.45 per cent.
“We’ve been extremely busy in the week since the rate rise, there is a lot of anger out there,” he said.
“Regardless, it’s always prudent to keep an eye on your financial needs to ensure your getting the most of out of your mortgage.”
If you enjoyed this post or found it useful, please consider posting a comment.
Ajay Krishnan
Aussie Home Loans
0434 145 733
ajay.krishnan@aussie.com.au
Artice courtesy of http://www.aussie.com.au/.
The Brisbane couple originally took out their mortgage with the Commonwealth Bank because it offered a competitive rate and allowed them to use a family guarantor to take the first steps on the property ladder, buying a three bedroom home in Annerley, Queensland.
They decided to look elsewhere after becoming unhappy with the interest rates and fees charged by CBA and they called Aussie Chapel Hill franchisee Tom Mewing, who refinanced them with AMP.
“You don’t have to put up with the antics of banks or continue to dance with the devil,” Mr Billsborough said. “We saved around $500 initially but were still saving around $250 at the end compared to our initial Commonwealth Bank arrangement.”
Pre-empting the Reserve Bank’s moves on Melbourne Cup Day, when they lifted the official cash rate 0.25 per cent to 4.75 per cent, the couple decided a few weeks ago that it was time to have a free Home Loan Health Check with Aussie and Tom Mewing.
“I managed to find them a great deal with Bankwest, saving them $385 a month on repayments and $280 a month on their consolidated debts, which equals a combined $665 a month savings,” Mr Mewing said.
“You have to vote with your feet if you’re not happy because it does work,” Mr Billsborough said.
Mr Mewing said he has had a great deal of interest from new and old clients following the RBA move, and the CBA inflicting almost double the pain with its decision to lift 0.45 per cent.
“We’ve been extremely busy in the week since the rate rise, there is a lot of anger out there,” he said.
“Regardless, it’s always prudent to keep an eye on your financial needs to ensure your getting the most of out of your mortgage.”
If you enjoyed this post or found it useful, please consider posting a comment.
Ajay Krishnan
Aussie Home Loans
0434 145 733
ajay.krishnan@aussie.com.au
Artice courtesy of http://www.aussie.com.au/.
Wednesday, November 10, 2010
Strategy will be pivotal in next 30 years
As the property market ticks over into a phase of low growth now is the prime time to become a more targeted investor, according to Gavin Hegney of Hegney Property Group.
In a boom market everyone moves at the same speed, said Hegney, but now we’re in a three to five-year stage of low to steady growth where some will move ahead but others won’t.
This is the stage where strategy is pivotal, said Hegney.
Understanding where people are moving to over the next 30 years is the single greatest knowledge investors can arm themselves with, he said.
“If you can answer the question ‘where are people going to live?’ then you’re set.”
The Australian Bureau of Statistics (ABS) Mobility Survey is one of many reports investors should become friendly with, said Hegney.
In houses, moving for a better location will become the more prominent feature than the bigger house, he said. “Many will choose to stay in a good location and renovate the home without having to move.”
Hegney said if looking at apartment buyer movements, the trend is nothing new with 60 per cent of apartment dwellers moving from apartments within two years and 30 per cent moving in 12 months, according to the ABS Mobility Survey. “This suggests that two-thirds of buyers are getting it wrong.”
Learning from these mistakes, trying to work out what people want to live in and changing a property to suit that is the best way to ensure a long-term asset and capital growth, he said.
Hegney said it’s also about jumping ahead of the migration trends and assessing which areas will best suit the inevitable trend of densification across the cities.
“Which areas will make greatest use out of existing infrastructure? If the past 30 years was about suburbanisation then the next 30 years is about the consolidation of cities,” he said.
“So investigate those areas that can do it well and will become more desirable as a result. It’s about picking the Paddingtons of the next 30 years.”
If you enjoyed this post or found it useful, please consider posting a comment.
Ajay Krishnan
Aussie Home Loans
0434 145 733
ajay.krishnan@aussie.com.au
Artice courtesy of www.apimagazine.com.au.
In a boom market everyone moves at the same speed, said Hegney, but now we’re in a three to five-year stage of low to steady growth where some will move ahead but others won’t.
This is the stage where strategy is pivotal, said Hegney.
Understanding where people are moving to over the next 30 years is the single greatest knowledge investors can arm themselves with, he said.
“If you can answer the question ‘where are people going to live?’ then you’re set.”
The Australian Bureau of Statistics (ABS) Mobility Survey is one of many reports investors should become friendly with, said Hegney.
In houses, moving for a better location will become the more prominent feature than the bigger house, he said. “Many will choose to stay in a good location and renovate the home without having to move.”
Hegney said if looking at apartment buyer movements, the trend is nothing new with 60 per cent of apartment dwellers moving from apartments within two years and 30 per cent moving in 12 months, according to the ABS Mobility Survey. “This suggests that two-thirds of buyers are getting it wrong.”
Learning from these mistakes, trying to work out what people want to live in and changing a property to suit that is the best way to ensure a long-term asset and capital growth, he said.
Hegney said it’s also about jumping ahead of the migration trends and assessing which areas will best suit the inevitable trend of densification across the cities.
“Which areas will make greatest use out of existing infrastructure? If the past 30 years was about suburbanisation then the next 30 years is about the consolidation of cities,” he said.
“So investigate those areas that can do it well and will become more desirable as a result. It’s about picking the Paddingtons of the next 30 years.”
If you enjoyed this post or found it useful, please consider posting a comment.
Ajay Krishnan
Aussie Home Loans
0434 145 733
ajay.krishnan@aussie.com.au
Artice courtesy of www.apimagazine.com.au.
Wednesday, November 3, 2010
Money for nothing - How the Federal Government will pay you to buy your first home!
Saving for your first home can be incredibly difficult, especially when you're young and maybe on a low wage, or perhaps still studying.
But, there is a helping hand out there – one that is relatively unknown to the majority of people trying to save to buy their first home.
As part of the Labor's 2007 election pledge, that following year while in Government, it introduced the First Home Saver Account to help Australians get into their own home faster.
In a nutshell, the Government will pay you 17 per cent on the first $5500 (which is indexed) of individual contributions made each year – that's $935 per year – for free! You can also save up to an account cap of $80,000.
There is a catch: First Home Saver Account holders must have their funds in the account for at least four years. After this time, they will be able to withdraw the funds tax-free in order to buy a house. You're also still eligible for the First Home Owner's Grant, and if you're buying as a couple – you can both have a First Home Saver Account.
Aussie Kippa-ring franchisee Kerrie Slinger said this scheme is fantastic for young people looking to buy their own home in the next few years.
"If you're already trying to save, it makes sense to open one of these accounts to access the interest the government will pay," she said.
"It really is money for nothing, and if you read the fine print – you don't have to have the funds in the account for four full years.
"The accounts run on the financial year, so if you deposit money on June 30 – it is considered that you've had your funds deposited for a "year".
"The same goes when you withdraw – if you withdraw on July 1 it is considered a full year, so you can cut that four years down to three."
To open an account, you must be between the ages of 18 and 65 and have not previously purchased or built a first home.
Banks, building societies and credit unions will be able to offer deposit accounts and superannuation providers, life insurers and friendly societies will be able to offer investment-linked accounts.
For more information on First Home Saver Accounts, go to http://www.firsthomesaver.com.au/ or http://www.homesaver.treasury.gov.au/content/default.asp.
To calculate how much you could save go to http://www.firsthomesaver.com.au/calculator/.
If you enjoyed this post or found it useful, please consider posting a comment.
Ajay Krishnan
Aussie Home Loans
0434 145 733ajay.krishnan@aussie.com.au
Artice courtesy of www.aussie.com.au.
But, there is a helping hand out there – one that is relatively unknown to the majority of people trying to save to buy their first home.
As part of the Labor's 2007 election pledge, that following year while in Government, it introduced the First Home Saver Account to help Australians get into their own home faster.
In a nutshell, the Government will pay you 17 per cent on the first $5500 (which is indexed) of individual contributions made each year – that's $935 per year – for free! You can also save up to an account cap of $80,000.
There is a catch: First Home Saver Account holders must have their funds in the account for at least four years. After this time, they will be able to withdraw the funds tax-free in order to buy a house. You're also still eligible for the First Home Owner's Grant, and if you're buying as a couple – you can both have a First Home Saver Account.
Aussie Kippa-ring franchisee Kerrie Slinger said this scheme is fantastic for young people looking to buy their own home in the next few years.
"If you're already trying to save, it makes sense to open one of these accounts to access the interest the government will pay," she said.
"It really is money for nothing, and if you read the fine print – you don't have to have the funds in the account for four full years.
"The accounts run on the financial year, so if you deposit money on June 30 – it is considered that you've had your funds deposited for a "year".
"The same goes when you withdraw – if you withdraw on July 1 it is considered a full year, so you can cut that four years down to three."
To open an account, you must be between the ages of 18 and 65 and have not previously purchased or built a first home.
Banks, building societies and credit unions will be able to offer deposit accounts and superannuation providers, life insurers and friendly societies will be able to offer investment-linked accounts.
For more information on First Home Saver Accounts, go to http://www.firsthomesaver.com.au/ or http://www.homesaver.treasury.gov.au/content/default.asp.
To calculate how much you could save go to http://www.firsthomesaver.com.au/calculator/.
If you enjoyed this post or found it useful, please consider posting a comment.
Ajay Krishnan
Aussie Home Loans
0434 145 733ajay.krishnan@aussie.com.au
Artice courtesy of www.aussie.com.au.
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