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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.
Our second article looks again at the economic factors that are driving the uncertainty around interest rates. As weve seen over the last few weeks the continued impact from the U.S. credit crisis has resulted in most of the major banks increasing their variable rate from between .14% to 0.2%. My prediction is the uncertainty is set to continue, as there is still too much contradiction in key economic data, as well as no-one knowing the true impact of the deterioration of the U.S. financial system.
As part of dealing with rising rates we share our tips and strategies for managing your money and protecting yourself from financial strain. If you have not implemented a budget in the past, you may like to log onto the following Australian Government website which offers a free and easy to use budget planner along with practical budgeting advice:
www.understandingmoney.gov.au/Content/Consumer/Tools/Planner
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 the newsletter and as always, please contact me on 9955 0090 if you have any questions or need assistance. If you have family and friends who could benefit from this newsletter, please feel free to forward it to them with our compliments.
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Level 7, 44 Miller Street
North Sydney NSW 2060| Tel: | (02) 9955 0090 | | Fax: | (02) 9955 4021 |
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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!
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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
We are members of the MFAA, the peak industry body. All members are bound by a strict code of ethics to ensure the highest levels of service, integrity and professionalism.
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About Us
PAX Mortgages was established in 2002 by Duncan Johnston. Duncan has spent his entire career in the banking and finance industry, having spent 12 years at the Commonwealth Bank working with all aspects of consumer and commercial lending solutions. Duncan's last role at the Commonwealth Bank was as a Senior Relationship Executive where he managed a portfolio of private clients requiring lending facilities of up to $20 million.
No two loans are the same. Duncan's experience gives him the capability to offer you the best advice and tailor a mortgage solution for your individual needs.
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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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