Bell Partners Financial Services | Property

Bell Partners Financial Services

Phone: +61 2 9249 7600

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23.01.2022 RBA holds rates steady at first meeting of the year. The Reserve Bank board has held official interest rates at a record low 0.1 per cent at its first meeting of the year. The bank’s decision on Tuesday was not unexpected, with markets forecasting interest rates to remain around their current level for up to three years.

22.01.2022 Our speciality isn’t limited to residential borrowers. Our team also have the relationships in place to cater to the finance needs of large businesses and for major development finance. So, whether you are a small to medium business or a seasoned property investor, our finance team will deliver the highest level of individual service while sourcing the most competitive rates in Australia. We act with the highest of standards, ethics and integrity, providing quality credit adv...ice solutions and services. Contact us now to discuss your business finance needs.

20.01.2022 "Money is essentially free today. Making it more free doesn't really change anything." Australian banks complain of too much cash as "people don't want it" https://news.sky.com//australian-banks-complain-of-too-muc

14.01.2022 Successful CAR FINANCE = another happy client - Long-time client we assisted with previously settling their land and construction loan needed new car to go with new home. - Client had received a quote which we beat and saved more than $800 over the loan term. - Funds cleared overnight and ready to pick up with no delays.... Contact us if you are looking for finance in these tricky times.

12.01.2022 November Core Logic stats: - CoreLogic November home value indices showed a second consecutive month of property value increases following a COVID-19-induced dip. For the first time since January, every capital city recorded a rise in dwelling values. - The top performing rental market of the capital cities was Perth, where dwelling rents increased by a remarkable 8.2% in the year to November. This was led by an 8.6% rise in house rents.... - Meanwhile, Sydney unit rents have been pushed into a deep downswing, falling -5.4% in the year to November. - The Melbourne rental market has been one of the most impacted through COVID-19, with unit rents down 7% over the year compared with a mild uplift in house rents. Median unit rents have fallen to $400 per week, down from $430 In November 2019 and a pre-COVID high of $450. If you want anymore information, or feel that speaking to one of our experience brokers about your situations, please message now.

11.01.2022 To fix or not to fix? We haven't seen times like this for a long time. Don't be complacent about your home loan.

11.01.2022 Interesting advice... "Banks not passing on RBA rate cut? Tell customers to switch", says governor. Australia’s largest banks have refused to pass on the Reserve Bank’s emergency cash rate cut, denying thousands of borrowers the relief of lower mortgage repayments.... https://bit.ly/3eG0irL

11.01.2022 Interest rates are currently at record lows and unlikely to rise anytime soon. And according to the Australian Bureau of Statistics, the total value of new loan commitments for housing hit a record high in December. Another indicator is that auction volumes in capital cities rose by 44.1 per cent in the December quarter. The boom has been predicted to last into 2021 and beyond, with even the RBA estimating in internal research that house prices could rise by 30 per cent.... https://stockhead.com.au//australias-facing-its-biggest-p/

10.01.2022 We have seen plenty of examples where lenders are offering loans at interest rates lower than the rate people are paying. It is well worth a review to see if you can improve your current situation. Contact us here if you want to schedule a time in to review your current rates - https://www.bellpartners.com/services/finance/

09.01.2022 RBA keeps interest rates on hold at record-low 0.1 per cent The Reserve Bank of Australia (RBA) cut rates to their rock-bottom levels on Melbourne Cup day last month, saying they'll likely keep the cash rate unchanged for up to three years.

09.01.2022 Some further property market info in short: - While smaller cities have generally seen an increase in rental values over the year, Hobart rents have fallen across both houses and units. This may be a relief to some tenants, where rents across Hobart had grown 34.3% in the 5 years prior to the onset of COVID-19. - Declines in Hobart rents may partially have come from a lack of demand among workers in tourism and hospitality where, as with inner-city Sydney and Melbourne, Hobar...t had a relatively high concentration of workers. Another narrative around the decline in rents in Hobart has been the conversion of Airbnb to the long term rental market. - Looking forward, COVID-19 will likely have a lasting impact in terms of varied dynamics between cities and property types. For weaker rental markets such as Sydney, Melbourne and Hobart, rents are likely to remain weak until international travel resumes. Meanwhile, other capital cities, especially those with rapidly rising rents like Perth and Darwin, could see the gradual re-entry of property investors, which would lift rental supply and support an easing in rental value growth over time.

09.01.2022 The housing market was going to drop 30pc during the pandemic but instead many areas are booming. Instead, many people took advantage of "extraordinarily" low interest rates and stimulus packages and entered the market. "2021 is going to be 'a tenant's market' for the CBD locations and 'a landlord's market' for regional Australia but beyond that, things would likely return to the pre-pandemic era."... Read more - https://www.abc.net.au//housing-market-was-going-/13056684

08.01.2022 The process of finding a loan can be daunting for even the most experienced borrower. Between finding the right lender, compiling your financial information, and completing the documentation, it is a challenging process. That’s why it pays to have a team of specialists to guide you from start to finish. If you’re needing a home loan in the next 12 to 18 months, your first step should be to contact the Bell Partners Finance team.

07.01.2022 Mortgage brokers record highest ever market share amidst global pandemic. Interestingly, the mortgage broker channel has recorded its highest ever market share result with brokers settling 60.1 per cent of all residential home loans during the July September 2020 quarter, according to the latest data released by research group comparator, a CoreLogic business, and commissioned by the MFAA. https://tinyurl.com/y26od3qe

06.01.2022 Big news - RBA cuts to 0.10%. That is a historic low as predicted by our Managing Director, Mark Stevenson.

02.01.2022 Forget the Melbourne Cup! I am betting on a RATE CUT...

02.01.2022 It is all looking very promising in the housing market.... "House prices to rise up to $160k in two years: CBA" House prices will rise 9 per cent in 2021 and 7 per cent in 2022, Commonwealth Bank’s head of Australian economics Gareth Aird said in a note to clients this week.... The negative impact that COVID-19 had on Australian property prices turned out to be much more muted than almost any forecaster expected, us included, Aird wrote. We were earlier than most, however, to recognise this and revised our call in September 2020 to look for a smaller peak-to-trough fall and a decent lift in prices over 2021. In Sydney and Melbourne, home values will grow by at least 12 per cent in the next two years. That would mean Australia’s median price would hit around $1.2 million, and Melbourne’s would jump to $920,000, an increase of $110,000 in Melbourne and $160,000 in Sydney.