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Hello,
The economic climate continues to throw up both obstacles and opportunities for home owners and property investors.
Our first article looks at one of these opportunities - the rise in rental returns - and how this translates to making an income out of your investment property.
On the flip side, we look at one of the biggest obstacles home owners have had to face this year - rising interest rates. In our article "Interest Rates: where to next?" we review the predictions for the coming year.
As part of dealing with rising rates we share our tips and strategies for managing your money and protecting yourself from financial strain.
Lastly we look at Line of Credit home loans and how they can be used to help with managing debt or providing easy access to funds for renovation or major purchases.
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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Rents on the Rise
Property investment has been given the thumbs up with the news that rental returns are on the rise. According to the latest research by leading property information provider, RP Data, four of the seven capital cities are showing an increase in gross investment returns (yields) from residential property.
Of the capital cities that haven't yet shown an improvement - Adelaide, Brisbane and Melbourne - it is expected they soon will follow the same trend...
Read More >>
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Interest Rates: Where to Next?
Depending on who you speak to, the coming months will either see a slow-down in the economy or a rise in interest rates. While there is agreement among economists that Australia is no longer immune from the US financial crisis, the extent of this immunity is the cause of much debate!
The financial turmoil that began in the US late last year with the subprime mortgage crisis is still being felt in the global financial markets. Australia has experienced knock-on effects through sharemarket instability and rising inflation in the economies of our major trading partners...
Read More >>
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Managing Your Money
It's often said the secret of managing money is to live as economically the day after payday as you did the day before. A little common sense and restraint can go a long way towards creating a healthy financial situation. The solution lies in gaining control of your spending and finding an enjoyable lifestyle suited to your income rather than your dreams!
Read More >>
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Line of Credit Home Loan
Looking for a way to pay off high interest debts, fund your home improvements or make a major purchase? A line of credit (also known as a Home Equity Line of Credit) is a flexible transactional mortgage that allows you to access the equity in your property for a variety of financial needs.
Unlike a standard loan where you start paying interest and payments at a fixed rate until repaid, a line of credit acts like a revolving credit card. In other words, you don't pay interest on the full loan...
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 2007.
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