January 2010 Newsletter

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Hello,

Welcome to the New Year! I hope everyone had an enjoyable festive season and you were able to benefit from a well earned break.

The beginning of a new year is always a positive time, with the opportunity for us to dust off the old and fulfill those newly promised resolutions. It goes without saying that one of the old "new years chestnuts" is getting your finances in order. With the economy on the up, as well as interest rates, this may be the year to tick this resolution off. I recommend you give me a call, send an email, or make a note in your diary to discuss your financial position as well as future financial goals. Money in your pocket is better than lining your banks considerable coffers.

In the current climate its important that you continue to keep informed of the changing market conditions and take advantage of the various home loan packages on offer. These packages can provide you with competitive interest rate discounts, reduced banking fees and substantial savings over the life of your loan. As your broker Im able to review and compare these offerings, and Im happy to say that over the last seven years all my clients have had the benefit of receiving negotiated interest rates less than the lenders promoted standard variable rate.

As always, please remember I am here to help, so if you have any questions at any time just give me a call on 9955 0090 or drop me an email. Enjoy this newsletter and feel free to share it with family and friends.

Regards
Duncan

Duncan Johnston

Director

Level 7, 44 Miller Street
North Sydney NSW 2060

Tel:	(02) 9955 0090
Fax:	(02) 9955 4021

Rents on the Up & Up

Save Dollars

Economy on the Mend

The Year Ahead

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.

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.

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.

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.

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.

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.

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.