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Hello,
If ever there was such potential for the property market, its now! With falling interest rates, generous first home owner grants, deposit saver incentives, strong demand coming off the back of a general decline in property values, conditions appear stacked in favour of the buyer.
We begin our newsletter with details of the $14,000 upfront injection the Federal Government has made into the First Home Buyers market. When combined with existing state government grants, it marks a significant increase to a deposit for a first home.
The First Home Buyer Boost is part of a broader economic stimulus strategy, which we cover in the articles 'Spreading Economic Cheer and 'Non Banks Funding Boost.
We follow this up with an article on the pressures of lending money to family and how to protect yourself emotionally and financially.
Enjoy this newsletter and feel free to share it with family and friends.
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PO Box 741
Rozelle NSW 2039| Tel: | 1300 885 559 | | Mob: | 0405 534 344 | | Fax: | 1300 885 559 |
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Home Buyers Come First
Starting the New Year in a new home has become a happy reality for many Australians, thanks to the Federal Government's First Home Buyer Boost.
Effective from October 2008, the First Home Owner Grant has now been doubled to $14,000 for first home owners who purchase an established home. For those who build a new home or buy a newly constructed home, there has been a tripling of the existing grant, taking it to a whopping $21,000.
Read More >>
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Spreading Economic Cheer
If a strong economy was on your Christmas wish list, let's hope the recent Federal Government's economic stimulus package does its work.
Designed to provide practical support for pensioners, families and first home buyers, the $10.4 billion package is also expected to boost growth in the domestic economy.
Read More >>
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Non-Banks Funding Boost
A recent government injection of $8 billion into the mortgage market has strengthened the position of non-bank lenders.
For you and I this means improved competition and the promise of more choice in home loan rates and products.
Read More >>
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For Love or Money
Steve Willey had run his own cafe for a number of years when he started having trouble paying the bills.
He asked his parents, Jan and Michael, to sign a mortgage over their family home to provide him with a bank overdraft. Within a year Steve's business had gone under and the bank sold the parent's home to recoup their investment.
Read More >>
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Mortgage & Finance Association of Australia
Sydney Mortgage Practice is a member of the MFAA, the peak governing industry body. All members are bound by a strict code of ethics to ensure the highest levels of service, integrity and professionalism.
John Kinross is an Accredited Mortgage Consultant of the MFAA. This means that he has proven qualifications, experience and expertise in the mortgage industry.
MFAA number is 10977.
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About Us
Sydney Mortgage Practice has developed relationships with over 30 lending institutions in Australia. Our experience in liaising and negotiating with these wide range of lenders makes the process of securing property finance easy for you. The broad range of lenders on our panel enables us to satisfy (just about) all mortgage scenarios we encounter.
Sydney Mortgage Practice manages the whole process of obtaining funding from a lender on your behalf - from application through to the settlement of your loan.
We are committed to sourcing the most competitive loan from our panel lenders to suit each client's circumstances.
We aim to achieve the highest levels of customer satisfaction and to build long term relationships with our clients.
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Disclaimer: This newsletter is intended to provide general news and information only. Readers should rely on their own enquiries before making any decisions regarding their own interests. Please do not rely on any part of this newsletter as a substitute for specific legal or financial advice. All material is copyright 2009.
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