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Hello,
A new year brings with it new challenges, but also an opportunity to set new goals. With rental yields, interest rates and the economy on the up, its hard not to feel that this year is all about positive change.
In this newsletter we have a look at what the statistics show for rising rental yields (below), plus how bank customers can save by moving to a cheaper mortgage provider (article 2). In article 3 we outline what the economists are predicting for interest rates over the coming year.
Article 4 continues the theme of change, with some practical advice on New Years resolutions - how to make them and how to keep them! As your mortgage broker we would be delighted to help you with any financial goals you may wish to achieve this coming year.
Enjoy this newsletter and feel free to pass it on to 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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Rents on the Up & Up
Property investors can hit the ground running in 2010 with the news that rents are predicted to keep rising around the nation. Economic forecaster, BIS Shrapnel, is anticipating rental growth to increase by an average of 5.8 per cent a year over the next three years. This increase would result in landlords pocketing an extra $1.9 billion in rents between 2010 and 2012.
Read More >>
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Save Dollars
Think what you could do with an extra $3,000 in your pocket - a holiday, new TV, gym membership? That's how much you could save by letting us shop around for your home loan.A $3,000 saving each year in interest repayments and fees equates to a saving of $48,000 over the life of a loan, taking the example of an average loan of $250,000 with a 30 year term.
Read More >>
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Economy on the Mend
If we could place bets on interest rate movements, the odds would be firmly stacked in favour of more rate rises over the coming year.Of course we can't take bets, but we can tell you what the experts are predicting. A recent survey of 17 economists by Australian Associated Press found that all believed interest rates would now keep moving upward, spelling the end of near 50-year lows. The survey's median forecast for where Reserve Bank interest rates will be sitting mid 2010 was 4.25 per cent.
Read More >>
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The Year Ahead
George Eliot's inspirational quote 'It's never too late to be what you might have become' is a great way to start off your new year in the right frame of mind.Regardless of what type of year 2009 has been, the dawn of 2010 represents a perfect opportunity for each of us to make a fresh start, repair on our mistakes and build on our success.
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 2010.
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