17th August 2010
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Hello,
Welcome to my new bi-monthly newsletter! Next week marks two years for The Biking Broker and it’s been a challenging and rewarding time for me – and it probably has for you too. Thanks for your support! I hope you will find this newsletter informative and interesting.
The GFC and finance industry licensing laws introduced through legislation and governed by ASIC has meant a lot of brokers have already left, or will leave, the industry before full licensing is required early next year. The Biking Broker continues to grow, thanks to your support, and has conformed to licensing and compliance requirements to date.
The GFC has shown that the Australian property market is a secure place to invest as owning a property offers the benefit of a roof over your head as well as the opportunity for building wealth through investment.
I start this issue by looking at the movement of ‘next-time’ buyers into the property market (see first article), as an increasing number of home owners look to upgrade their existing homes or buy an investment property.
In article 2 I focus on successful strategies for property investment – ‘Buying an Investment Property’ – as well as how to use property to build a nest egg for retirement – ‘Retirement Nest Egg’ (article 4). To learn about some professional solutions for investment property sourcing, go to The Biking Brokers’ Property Sourcing page.
Also featured in this issue, some handy facts and tips to help you prepare your end of year tax return and of course, maximise your tax savings! (‘Many Happy Tax Returns’ – article 3).
Enjoy this newsletter and feel free to pass it on to family and friends. |
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PO Box 1505
Gympie QLD 4570
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0431 524 643 |
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07 5483 3625 |
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Next-time buyers
Thinking about upgrading or buying your second home? If so, you’re not alone, with recent data showing it’s the established – or next time – buyers who are currently fuelling interest in the property market.
The latest BankWest/Mortgage and Finance Association Home Finance Index shows that three quarters of next-time buyers believe it is a good time to buy an investment property, a dramatic increase from the 14.5 per cent recorded during the midst of the credit crisis.
Read More >> |
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Buying an Investment Property
Let your head not your heart have the deciding say when buying an investment property. It’s tempting to allow your emotions to get the upper hand if you are purchasing your own home, but if you don’t intend to live in the property, look at it with ‘investment eyes’ only.
Take a long term view
Take advantage of the cyclical booms that occur in property by planning to keep your investment for the long term. Be prepared for the highs and lows by making sure you have realistic financial goals and are comfortable with how much you are borrowing.
Read More >> |
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Many Happy Tax Returns
Australia has some of the most complex tax laws in the world, which means it’s important to review your tax strategy each year to keep up with the latest changes. Here are some facts and tips to help you lodge your 2009-10 tax return.
Income Tax Rates
From 1 July 2009, the 30 per cent income tax threshold for individuals was increased from $34,001 to $35,001 and the 40 per cent tax rate was reduced to 38 per cent.
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Retirement Nest Egg
Working out the best way to build your nest egg for retirement is never easy, but many agree that relying on superannuation alone is not enough.
According to the Westpac ASFA Retirement Standard, a retired couple needs to earn more than $51,727 per year to live ‘comfortably’ or more than $28,080 per year to live ‘modestly’.
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MFAA Approved Broker
The Jaimie Cook is a member of the Mortgage & Finance Association of Australia (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 The Biking Broker
At The Biking Broker I simplify the home loan process. I listen to your needs and offer sound and friendly advice.
I like to develop a relationship with my clients based on trust, where clients feel relaxed and confident to ask all their questions and be provided with all the necessary information. My clients feel well informed and happy that they have chosen the right option for their needs.
You may be surprised at the options available to you.
With the right structure and the right loan your money can work harder and more effectively for you. The key is in securing the right type of loan that offers you flexibility and the right repayment options.
Call me today for a FREE no obligation mortgage consultation.
I can cater for all your finance needs, including:
- Investors
- First Home Owners
- Refinancing
- Debt Consolidation
- Equity Loans
- Equipment Finance
- Motor Vehicle Personal Leases
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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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18th June 2010
Stirling Homes new display home opening
Have you considered using the equity in your property to help you to build your dream home? I can show you how to achieve your real estate or investing goals.
If you already have a mortgage, I can assess your current loan in relationship to your situation, and reveal if it is still suitable for your needs or costing you more money than it should. I’m able to identify the level of equity you have in your property and new options in the rapidly changing home loan market that could better suit your lifestyle.
To find out more, come and see me this weekend, 19-20 June, at the opening of the Stirling Homes new display home at 16 Premier Ave, Echelon Estate, Jones Hill.
4th June 2010
LED lighting showcase
Wasn’t invited out for a drink last Friday afternoon? Well – save it up for next Friday!
Come and see the latest is lighting technology and design showcased in Blueridge Homes most recent quality home built by Carl Talbot.
Steve Reil from LED Lighting and Energy Solutions will show everyone how to save on power consumption using LED lights.
Steve will be showcasing a range of lights for everyone to see, including:
- Fluorescent tube replacements
- Downlights in 7w, 5w and 3w to replace 50w halogens
- Strip lighting
- Incandescent and compact fluorescent bulb replacements
46 Gympie View Drive is a just completed rendered home with two living areas, four bedrooms (main with ensuite and double walk in robe), open plan dining, remote control double garage, air-conditioning, views across to the CBD and mountains from the undercover large rear deck. This property is prestigiously located in Southridge Estate. With its neutral colour scheme and quality finishes, this home portrays style and function throughout. The kitchen is designed with the entertainer or busy family in mind with long island bench and stainless steel appliances.
Time: 3:30- 6:30pm
Date: Friday 11th of June
Location: 46 Gympie View Dr, Southside
Drinks and nibbles provided. No need to RSVP, but an indication of whether you may come would be appreciated.
See you between 3:30pm and 6:30pm next Friday!
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