I just wanted to say a big thank you for getting us our loan.
Thanks for putting in a big effort. I don’t think we could have
got a loan without your expertise.

Rob – Gympie

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.

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 11^th 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!

The same thing could happen if you stroll into your local bank branch and end up with that banks’ favourite loan, not necessarily one that suits you! The Biking Broker can help you secure finance that suits your needs, budget and banking requirements and refer you to my trusted team for accounting, legal and property needs.

The battle for customer deposits is heating up, meaning good news for savers.

An industry-wide shift has caused lenders to price deposits well above the Reserve Bank’s cash rate in a bid to secure retail funding instead of costly wholesale capital.

Australia’s $1.3 trillion deposit market became a relatively cheap funding source for the banks as the cost of wholesale funding spiked during the credit crisis.

Analysis of the regulator’s monthly banking statistics shows NAB controls $77.8 billion in household deposits, ANZ $55.7 billion, CBA $50.3 billion and Westpac $44.7 billion at the end of October 2009.

With $25,000 in a term-deposit (TD) account for 12 months, some banks are offering a rate of 6.8 per cent. The frequency of the interest payments becomes more and more significant with longer term deposits.

If you’re after a good rate on a term-deposit The Biking Broker can access TD rates with NAB better than what you’ll get if you go into a branch.

For the 60 per cent of Australians who don’t have a mortgage, there’s never been a better time to be a saver.  For the first time, online savings accounts are offering interest rates above the standard variable mortgage rate.

In a report today (11/2/10) The Sunrise tv show on Seven, rated bank’s online saving accounts, with Bankwest offering the highest at call rate of 5.62%. Higher rates are available with conditions on minimum monthly deposits or balances.

In conjunction with a current special from Bankwest with no application fees on its Mortgage Shredder Loan (usually $700), this makes it a good time to pair your lending needs with your saving needs at Bankwest. Call or email the Biking Broker today for more details.

Old mate has walked into a local bank branch and the home lending officer has put them into a very large line of credit (LOC) for the purchase of the property. A LOC, depending on the lender has an interest rate between 0.1% and 0.15% above the standard variable rate (SVR).  The loans officer has structured the loan with the LOC covering about 83% of the purchase price. The balance of funds were to come from the client’s savings.

If the client had come to me first I would have recommended:

• a smaller line of credit secured against his existing property for deposit and fees, to bring the purchase loan down to 80% of the purchase price
• and the purchase loan as a discounted SVR at a lower rate than the LOC

This would have saved the client at least $8000 in mortgage insurance and about $600 a year in repayments and still maintained a bit of flexibility he was requiring by setting up a smaller LOC.

What would you do with $8,600 this year if you didn’t have to pay it to a bank?

Remember – if you walk in off the street every bank will tell you they can get you into a loan, but no bank will tell you that you might get a better deal elsewhere and no bank employee will ever admit that they may not be the best person to help you get the best that the lender has to offer (rather than the best deal for the bank).

This additional allowance applies to small businesses, with a turnover of less than $2m, any eligible asset¹ purchased between the 13^th December 2008 and the 31^st of December 2009.  Please note that the equipment must be delivered/installed and in use before the 31^st of December 2010. The asset must be brand new, not second hand and cannot include trading stock, land or buildings.

I’d recommend anyone who is considering the purchase of equipment to take advantage of this limited opportunity before it ends².

Should you wish to take advantage of this opportunity please call me to arrange finance for a new business vehicle, earthmoving equipment, office equipment including computers and printers (minimum spend required of $5000)³ for eligible business customers⁴.

I can arrange repayment terms and amounts to suit your budget and cash-flow situation.

Don’t have enough time to shop for your new car or van?

Ask me about the JIVVE vehicle purchasing program-the dealer comes to you!

Thank you for your continued support of my business and I look forward to assisting you.

1. Assets must be >$1000 in value, purchased before 31 Dec 2009 and installed prior to 31 Dec 2010.
2. Please seek professional accounting advice as to the suitability of an asset purchase to your needs under the incentive scheme.
3. Small ticket assets $5,000-$35,000 must be purchased through a recognized dealer. Finance for near new vehicles can be arranged (second hand assets not eligible for incentive)
4. Minimum 2 years financials, good credit history/references, other terms and condition may apply.

A statement by Glenn Stevens, Governor of the Reserve Bank, cites the following reasons:

• the prospects for Australia’s Asian trading partners appear to be noticeably better
• sentiment in global financial markets is much better than earlier in the year
• housing credit growth has been solid and dwelling prices have risen appreciably this year
• the exchange rate is likely to constrain output in the tradeables sector and dampen price pressures

To Summarise, he said,”..the Board’s view is that it is prudent to lessen gradually the degree of monetary stimulus that was put in place when the outlook appeared to be much weaker. The adjustments at the October and November meetings will work to increase the sustainability of growth in economic activity and keep inflation consistent with the target over the years ahead”.

A full transcript of Glenn Steven’s statements is available here>>

A statement by Glenn Stevens, Governor of the Reserve Bank, cites the following reasons:

• a resumption in growth of the global economy
• improving sentiment in global financial markets
• stronger than expected measures of confidence in the Australian market
• lower than anticipated unemployment
• housing credit growth and housing price growth

These and factors that formed the basis for the low interest rate setting have, in the RBA’s view passed.

A full transcript of Glenn Steven’s statements is available here>>