Complete Lending Solutions in Maroubra, New South Wales, Australia | Loan service

Complete Lending Solutions

Locality: Maroubra, New South Wales, Australia

Phone: +61 427 257 257

Address: 4/888 Anzac Parade Maroubra 2035 Maroubra, NSW, Australia

Website: https://cls.com.au/

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25.01.2022 HANDS UP If you love a good battle of wits. There are always exceptions to the 7 Auction Rules. Here, I enjoyed a robust battle of wits with the auctioneer. Great auctioneer and top bloke. If you love a good battle of wits as much as I do, watch the action at the auction on our blog below! Oh, by the way, see if you can pick up any tactics used.... https://cls.com.au/news/a-battle-of-wits Read the client’s review, as well as other reviews, on our Facebook page. Our auction bidding fee and Buyers’ Agent work we have done were again, as always is, complimentary to our client because I am more than happy with the remuneration that we will receive from the lender when the client’s loan settles. I own both Complete Lending Solutions and Bidsquare and I enjoy helping people with their home ownership journey. Let’s get started today. Support us in any way you wish. Give us a go. Tell your friends. Follow us here, our website blog, Linkedin to stay up to date with our credit and real estate insights, perspectives, and industry trends! https://cls.com.au | https://bidsquare.com.au

24.01.2022 Should the RBA follow the markets interest rate cut pricing? Further official cash rate cuts are possible if a global Coronavirus COVID-19 pandemic develops and is sustained for longer and substantially hurts the economy. ... The markets 0.25% rate cut pricing (reflected in the below interest rate yield curve as at 29 February 2020) and expected on Tuesday, 3 March 2020, includes any negative impact on the economy from the Coronavirus and the stock markets fall. Last weeks stock market fall is just a blip in the overall performance of the stock market over the last few years and a correction was overdue. Would a 0.2% or even a 0.4% hit in the March 2020 quarter GDP be enough for the Reserve Bank to cut interest rates further when property prices are skyrocketing at the fastest monthly, quarterly and annual rate ever? The market is betting on certainty that the Reserve Bank will cut interest rates on Tuesday, 3 March 2020. Unlike other certainties, a bolter may come to spoil the party like Dandy Andy, the horse best remembered for upsetting the billed match between the immortals Vo Rouge and Bonecrusher in the 1988 Australian Cup. It is considered prudent for the Reserve Bank to patiently wait and act as appropriate.

23.01.2022 STAGFLATION HANDS UP IF YOU KNOW WHAT IT MEANS The Federal Reserve is broadcasting, as soon as this Thursday 27 August 2020, that is going to unleash inflation in a big way.... Jerome Powell may well turn out to be the antithesis of former Fed Chair Paul Volcker. Volcker is famous for stopping the runaway inflation of the late 1970s/early 1980s when interest rates in the USA rose to 19%. Powell is signalling that he is perfectly happy to let the inflation genie out of the lamp at just the perfect time of COVID-19 economic slump, high un-employment, and mindless boggling debt. Gold has already exploded higher to over USD$2,000 per ounce. Imagine where it and other inflation hedges will go by the time the Fed has REALLY turned on the printing presses. Stagflation will be back with vengeance. Expect humongous volatility in interest rates.

23.01.2022 What does the Interest Rate Yield Curve say? As at close of business on Friday 10, July 2020 the bond traders, as implied by the Interest Rate Swap Yield curve, say that the Reserve Bank will not increase interest rate until July 2023. Their expectations can change at any time, so we shall keep you posted.... For a definition of the implied forward rates and how they are calculated visit https://cls.com.au/n/implied-3-month-forward-interest-rates

22.01.2022 REAL ESTATE BUBBLE, OR THE BOOM CONTINUES? Last week I registered to bid on a 2 x bedroom, 1 x bathroom, 0 x garage apartment at Bondi Beach. The real estate agent had a price guide of $1,200,000. It went off at $1,605,000. I did not bid because I do not usually bid unless the property is on the market and is below my client’s affordable purchase price.... The apartment sold for 1.64% net yield over total purchase costs or 61 times net rent. This is a phenomenal number by any measure other than money is cheap thanks to the lender and buyer of last resort, the Reserve Bank. Where else do you park a lazy $1,605,000? Take into consideration the time to find a tenant plus any reduction in expected rent, and the numbers get worse. Here is the competition. There are approximately 10 x studio; 50 x 1 bedroom; 70 x 2 bedroom, and 15 x 3 bedroom units for lease. Between July to September 2020 661 rental bonds were lodged with the median weekly rent been $675. Only 25% were higher than $800 per week. Which Goldilocks bandwagon are you on? https://cls.com.au//real-estate-bubble-or-the-boom-continu

19.01.2022 We have some exciting new news with a website launching today that will compare home loans and interests rates faster than you can make a cup of coffee!

18.01.2022 Follow our 7 rules of bidding at your next auction to increase your chances of success. 1. KNOW THE MARKET Determine the fair market price of the property and then decide what the property is worth to you.... 2. DON’T BID AGAINST YOURSELF Unless the property is for sale under the gavel, think well before bidding if there is only one other bidder. 3. SIZE UP THE OPPOSITION At least two other bidders are needed to have a competitive auction unless the property is for sale under the gavel. 4. DON’T BE FOOLED The vendor will not buy the property if the auctioneer makes a bid on behalf of the vendor (known as a vendor bid), so think carefully before making a higher bid. 5. BIDE YOUR TIME The auctioneer will repeat many times that the property is going once, going twice, going three times! But it will not go anywhere unless the property is for sale under the gavel, and all other bidders have folded but one. 6. DON’T BOTHER The auctioneer usually will let you know if the property is for sale under the gavel, without you asking. 7. KEEP CALM AND CARRY ON Use the theatrics, the mood and body language of the auction to your advantage, and don’t let the auctioneer professionally guide you when and what to bid. There are always exceptions to these rules. For better results at auction, let us bid for you! Our auction bidding fee is $440 incl. GST and, as always, it is complimentary for Complete Lending Solutions clients. Support us in any way you wish. Give us a go. Tell your friends. Follow us to stay up to date with our credit and real estate insights, perspectives, and industry trends! cls.com.au | bidsquare.com.au

17.01.2022 THE PSYCHOLOGY OF REAL ESTATE AUCTIONS I approach each real estate auction as an open reveal Poker Game intermingled with Mexican Standoffs and subtle Psychological Warfare tactics. I can read the auctioneer and size up the other bidders. I know when and how to bid, when to fold and when to unfold, giving you a clear and distinctive advantage at auctions.... Whether you are a first-time homebuyer or investor I eliminate emotions with my bidding skills so that you can have an enjoyable and (almost) stress-free experience. Oh, and I offer my auction bidding skills complimentary to cls.com.au mortgage brokering clients! Follow us to stay up to date with our credit and real estate insights, perspectives, and industry trends. https://cls.com.au/n/the-psychology-of-real-estate-auctions https://cls.com.au | https://creditbroker.com.au | https://bidsquare.com.au

17.01.2022 INTEREST? Oh, you mean FEES! Let us number crunch for a hypothetical no interest credit card with a limit of $1,000 and a $10 per month fee (aka an interest payment) for non-zero balances with a $35 monthly repayment and express this as an amortised loan (to calculate the implied interest rate). Based on the $1,000 initial debt, the implied average interest rate you may pay is approximately 21% pa charged monthly in arrears.... The implied interest rate on the monthly balance outstanding ranges between 12% pa charged monthly in arrears (on the $1,000 initial drawdown) to 480% pa charged monthly in arrears (on the end of term balance of $25). I sincerely hope that no consumer will draw or have a balance outstanding of just $25 and pay a $10 per month fee! The number crunching gets worse for lower balances. For example, on a $500 initial debt, the implied average interest rate you may pay is approximately 42% pa charged monthly in arrears. Crickey! Conclusion. Personally, I shall stick to the traditional 55-day interest free credit card with no annual fees, rewards, and additional cards (hint a customer owned bank offers all these) and pay the credit card in full every month. Seek your own advice to discover what credit card would be best for you. Follow us here, our website blog, and on social media to stay up to date with our credit and real estate insights, perspectives, and industry trends! cls.com.au | creditbroker.com.au | bidsquare.com.au

17.01.2022 HANDS UP IF YOU BELIEVE 4 BIDS CAN BUY A PROPERTY AT AUCTION. BUT WAIT LOOK AT THE BIDDING RANGE! The bidding for this property opened at $1,400,000. I started bidding at $1,701,000. The property sold to my clients for $1,751,000 after I bid only 3 more times.... The auction bidding was again complimentary to our client. Read our post below and learn more about our services, and to watch the action at the auction! https://cls.com.au/news/4-bids-can-buy-a-property-at-auction Follow us on our blog and on social media to stay up to date with our credit and real estate insights, perspectives, and industry trends!

16.01.2022 WHY DO WE OFFER OUR CLIENTS COMPLIMENTARY BUYERS AGENT SERVICES? We believe that our mortgage brokering clients deserve support and professional advice when purchasing property. Buyers Agents usually charge as much as real estate agents do, and most people cannot afford their services. Negotiating with real estate agents and bidding at real estate auctions is also my specialty, and our clients appreciate the time we invest in navigating them through their home ownership jo...urney. We provide our clients complimentary Buyers Agent services that are engaging, fun and as stress-free as we can possibly make it. And we are not greedy. We are happy with the remuneration that lenders pay us for organising and settling your home loan. You see, we save a tremendous amount of money by not paying kickbacks for referrals, and we reinvest this money back into our business for the benefit of both our clients and us. Follow us to stay up to date with our credit and real estate insights, perspectives, and industry trends! cls.com.au | creditbroker.com.au | bidsquare.com.au

16.01.2022 A FEE! A FEE! AN INTEREST FOR A FEE! With a bit of horse trading, the retailer bettered their competitors’ cut-throat prices. I was surprised to be offered a buy now, pay later plan as payment, so I used my negotiating skills to my advantage.... I got an additional 5% discount because I convinced the salesperson’s manager that if they were happy to pay the service and transaction fees to the ‘buy now, pay later’ company, then they would be equally happy to offer an additional 5% discount to have me pay right now. Curiosity then took me and I decided to number crunch and calculate what the equivalent annual interest rate may be. Even if you only miss your first payment and are charged a $10 late payment fee on, say, a $39, $271, or $500 purchase, then you may be paying an annual interest rate equivalent to ~mindboggling%, ~44%, and ~22% respectively. Crickey! Yikes! And we have not yet done the number crunching on the maximum fees that you may be charged. Seek your own advice to discover if a ‘buy now, pay later’ plan is good for you. Support us in any way you wish. Give us a go. Tell your friends. Follow us here, our website blog, and on social media to stay up to date with our credit and real estate insights, perspectives, and industry trends! cls.com.au | bidsquare.com.au | creditbroker.com.au

15.01.2022 Will the Reserve Bank cut interest rates in February 2020? It is highly unlikely that the Reserve Bank will cut the Official Cash Rate in February 2020. The below graph plots the Implied Forward Interest Rate yield curve (blue line) which is derived from the Interest Rate Swap yield curve (red line) as at 31 December 2019.... Please visit https://cls.com.au//official-cash-rate--future-direction-o

15.01.2022 We help you BUY AND FINANCE YOUR HOME We can now reach you online and help you buy and finance your home, with the same enjoyable and almost effortless experience that we created for our existing clients. Now, a little bit about us.... We hold our own Australian Credit License and we can advise you on and broker your home loan. Visit creditbroker.com.au to make use of our home loan and lender comparison calculator that will help you compare home loan and lenders in seconds! Okay, fine, it may not be 4 seconds . but it is remarkably close! I also hold a New South Wales real estate license, and I can represent you as your Buyers Agent and negotiate with real estate agents and bid at real estate auctions. This service is complimentary for our cls.com.au clients! Visit bidsquare.com.au to find out how we help you at auctions. Follow us here or on social media to stay up to date with our credit and real estate insights, perspectives, and industry trends. https://cls.com.au/ne/we-help-you-buy-and-finance-your-home

14.01.2022 It’s the colour of the money the RBA may print rather than the size of any interest rate cut that will matter the most on Melbourne Cup day, Tuesday, 3 November 2020. The bond market has priced in a 0.24% official cash rate cut (see chart below) but how many $billions of bonds will the RBA buy as the Buyer of Last Resort? Stock take as at 30 October 2020:... 0.25% ... official cash rate 0.77% ... 10 year Interest Rate Swap rate 0.80% ... 10 year Commonwealth Government Bond yield 99.17 ... 10 year Bond futures price 5927.6 ... ASX200 Revisit 30 November 2020 What do you say?

12.01.2022 Owner Occupied variable interest rates since 1959. You do not often see graphs that show what your great grandparents paid for their house or what their home loan interest rate was.

09.01.2022 HANDS UP IF YOU LIKE THIS CUSTOMER REVIEW! Our clients don’t hold back on their reviews. Hear how one client describes her experience. Alex nearly gave my husband and I a heart attack at auction! He was playing it so cool that we thought he was not going to bid in time! ...... My dad wanted to smack him over the head to tell him to f&@*!$ bid! Alex was knowledgeable and helpful throughout the loan process & property purchase He really went above & beyond Read the full review, as well as other reviews, on our Facebook page. https://cls.com.au//hands-up-if-you-like-this-customer-rev Complete Lending Solutions offers Bidsquare’s auction bidding and Buyers’ Agent service complimentary (I own Bidsquare) because we are happy with the remuneration that we will receive from the lender when the client’s loan settles. We can assist you in your home ownership journey by providing credit and property advice. Let’s get started today. Follow us here and on social media to stay up to date with our credit and real estate insights, perspectives, and industry trends! cls.com.au | creditbroker.com.au | bidsquare.com.au

09.01.2022 IT HAS ALWAYS BEEN COMPLIMENTARY! Our complimentary auction bidding fee for our CLS clients includes ... Auction attendance. Bidding. Auction success. Any negotiations on the day before the Auction. Any negotiations on the day of the Auction if the property is passed in. Our Service Guarantee (check it out at bidsquare.com.au). Follow us to stay up to date with our credit and real estate insights, perspectives, and industry trends! cls.com.au/news/it-has-always-been-complimentary cls.com.au | bidsquare.com.au

08.01.2022 WHY DO WE OFFER OUR CLIENTS COMPLIMENTARY BUYERS’ AGENT SERVICES? We believe that our mortgage brokering clients deserve support and professional advice when purchasing property. Buyers’ Agents usually charge as much as real estate agents do, and most people cannot afford their services. Negotiating with real estate agents and bidding at real estate auctions is also my specialty, and our clients appreciate the time we invest in navigating them through their home ownership jo...urney. We provide our clients complimentary Buyers’ Agent services that are engaging, fun and as stress-free as we can possibly make it. And we are not greedy. We are happy with the remuneration that lenders pay us for organising and settling your home loan. You see, we save a tremendous amount of money by not paying kickbacks for referrals, and we reinvest this money back into our business for the benefit of both our clients and us. Follow us to stay up to date with our credit and real estate insights, perspectives, and industry trends! cls.com.au | creditbroker.com.au | bidsquare.com.au

07.01.2022 Should the Reserve Bank cut interest rates on 3 December 2019? No. The June, July and October 2019 interest rates cuts totalling 0.75% and APRA relaxing the sensitised 7% floor (used in lender serviceability calculations) to at least 2.5% above the prevailing home loan interest rates has forced purchasers to pay close to 50 times earnings ( (rent less outgoings) divided by (purchase price plus costs) to purchase Sydney real estate.... For example, on Saturday, 30 November 2019 an apartment in Oatley sold for approximately 47.8 times earnings. It is very common to see such numbers in Sydney these days. If a matured blue chip publicly listed company was trading at 50 times earnings it would attract the most astute short sellers.

06.01.2022 BEST TIME IN 12 MONTHS TO REVIEW YOUR HOME LOAN Central Banks around the world, led by the Federal Reserve, are now not only the Lenders of Last Resort but are also the Bond Buyers of Last Resort. With the great chase of yield, the Interest Rate Swap Rates have fallen below the Commonwealth Government Bond Rates, and remarkably, this has been sustained since July 2020 as the Swap-to-Bonds Spreads chart shows (source yieldreport.com.au).... Bank funding costs become cheaper and your home loan is just as good as any other asset class to benefit. If you can, and want to refinance, then some banks will pay you to become their customer (aka cashbacks), as well as being offered interest rates that are better than what you may be offered as an existing bank customer. If you cannot, or do not want to refinance, then a pricing review request is the only way to get a lower interest rate. Support us in any way you wish. Give us a go. Share this post. Tell your friends. Follow us to stay up to date with our credit and real estate insights, perspectives, and industry trends!

02.01.2022 Do rising mortgage rates trigger lower house prices? We have modelled that a 1% uniform increase in wholesale interest rates across the yield curve (from the overnight cash rate to 30 years interest rate swaps) will lead to a 12% drop in house price in order to maintain the same net present value of those future income (rental) streams. Will this happen? Very unlikely. However, more likely if stagflation (a word forgotten in the annals of history) returns with a vengeance.... Visit https://cls.com.au//do-rising-mortgage-rates-trigger-lower

01.01.2022 DEBT NOTHING ELSE MATTERS The interest rate swap (IRS) market is pricing an approximate 0.15% cut in the Official Cash rate by the Reserve Bank on Tuesday, 3 November 2020, but with keener expectations than for the October 2020 meeting. Interpreting the implied forward yield curve (blue line) and the IRS yield curve (red line) on the chart, the IRS market expects the Official Cash rate to be less than 0.25% for the next 3 years.... An approximate 0.15% cut is insignificant compared to the Reserve Bank longing to expand its already hype-rinflated balance sheet by perhaps adding long term bonds to its buying list. Like the Federal Reserve and almost all other central banks around the world by design also became the buyers of last resort. The bond and stock markets will cheer and keep on pushing bond prices higher (interest rates lower) and stock prices higher (and not just a little bit higher, but lots higher) until a day comes to pass when it will all If you are considering fixing your home loan interest rate then it is imperative that you get your timing, the term, and the interest rate level correct. Seek your own advice to discover what may happen next and what is best for your personal circumstances. Support us in any way you wish. Give us a go. Tell your friends. Follow us here, on our website blog, LinkedIn to stay up to date with our credit and real estate insights, perspectives, and industry trends! https://cls.com.au/news/debt--nothing-else-matters

01.01.2022 THE UNKINDNESS CUT POST RBA On 3 November 2020 the RBA announced a reduction in the cash rate, 3-year yield target and the interest rate on new drawings under the Term Funding Facility to 0.10% from 0.25%. It also announced the purchase of $100b bonds and that it was not** expecting to increase the cash rate for at least 3 years.... Most lenders responded by slightly reducing competitive and market aligned fixed interest rates whilst not passing a single 0.01% on their variable rate loans. The unkindness cut was the reduction of the uncompetitive and way out of market 4-year term fixed interest rate, which made media headlines. The graph shows the approximate change in interest rates, pre and post RBA. When the dust settles, expect lenders to start offering lower variable interest rates for the acquisition of new customers. I say this because the Reserve Bank stated ** and why would there be a need to rush to fix your home loan today unless the bond market signals otherwise. You should consider fixing your interest rate to pick up yield (if it makes sense) or about 6 months before the Reserve Bank begins to increase the official cash rate. https://cls.com.au/news/the-unkindness-cut-post-rba