Dave Picca in Adelaide, South Australia | Mortgage brokers

Dave Picca

Locality: Adelaide, South Australia

Phone: +61 433 816 137

Address: 109A Archer Street, North Adelaide 5006 Adelaide, SA, Australia

Website: http://www.significantfinancialsolutions.com.au/

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25.01.2022 Great piece of information from CoreLogic showing the Quarterly and Annual change in dwelling Values over the past few years in Adelaide. Considering the current Economic Environment, its good to see Adelaide is trending above expectation. For more information please contact me on:... M: 0433 816 137 E: [email protected] See more

24.01.2022 >> INSURANCE << Here at SFS, we understand and value how hard each of you work in order to sustain a healthy, successful personal and/or business life. Essential to sustain any sort of personal belonging or financial plan, insurance is a must. It is important to protect what is most valuable to you; your investments, assets, business and most importantly, yourself or family. ... Allow us here at SFS to assist you in choosing the perfect insurance plan. We want the best for you and your family. Contact us today! Significant Financial Solutions: : (08) 8271 1055 : [email protected]

23.01.2022 The RBA has again reduced the official cash rate by 25bps, resulting in a new record low of 1%. The RBA governor noted that the Australian economy grew at a below-trend 1.8 per cent over the year to the March quarter, with consumption growth also subdued and weighed down by a protracted period of low income growth and declining housing prices. I will keep you informed which Lenders have passed on the rate cut.

23.01.2022 SELF EMPLOYED Self employed applicants has been a hot topic as of late, given the current SLA times to get applications assessed and the extra supporting information needed due to the affects of COVID-19, which many Company's/Small Business owners have proven Hardship. Things to consider when applying for a Home Loan (Fully Verified):... Last 2 Years Full Individual Tax Returns with ATO Tax Assessment Notices Last 2 Years Full Company / Trust / Partnership Taxation Returns (if applicable) Last 2 Years Business Financials, including Profit and Loss Statements and Balance Sheets, and most importantly, Most Recent BAS Quarter. If the above criteria is met and serviceability is evident it will allow you flexibility with a wider variety of lenders. ~ THE THINKING BEHIND THE MONEY ~ Dave Picca [email protected] 0433 816 137 call/text 109A Archer st, North Adelaide, SA 5006

23.01.2022 During this unprecedented time, there are still many of you that are employed. Banks will still Lend money given the current circumstances. Heres a few points to consider: Take advantage of the record low interest rates. This is a great opportunity to restructure and free up some cash. Time to take control of your future, create wealth and passive income through smart investments. We have a system in place that allows our clients to build property portfolios that gene...rates positive cash flow. || For those who have unfortunately lost their jobs, we have a plan for you specifically as this is one of our main concerns for clients that are currently unemployed and returning to work post Covid-19 pandemic. || - For more information please reply and we shall begin that journey with you. Dave Picca [email protected] 0433 816 137 109A Archer st, North Adelaide 5006

22.01.2022 || July Cash Rate || The Reserve Bank of Australia has kept the official cash rate on hold at 0.25% as expected. However, despite this being the fourth consecutive month the rate has remained unchanged, lenders of all sizes have been cutting both their fixed and variable offerings in a bid to draw in new home loan customers. ... This is still, with all things considered, a great time to review your home loan options and save on interest. If you would like any assistance please contact me on: M: 0433 816 137 E: [email protected]

22.01.2022 With the recent shake up from the RBA, and record low interest rates, now would be a great time to take advantage and start paying down your mortgage. If you would like assistance please call M: 0433 816 137 or E: [email protected]

22.01.2022 Australia's official cash rate is now at a record low of .75%. It is the third cut since June. The central bank has maintained that the monetary policy stimulus is aimed at supporting jobs growth and ensuring that the inflation rate closer to the RBAs medium-term target of 2 to 3 per cent.

21.01.2022 INVESTORS OF SOUTH AUSTRALIA Below is a list of Hot locations to keep an eye on for 2021, Millswood, Experienced the largest year on year increase in the median sale price for Adelaide with a 34.6 per cent jump to surpass the million dollar mark at $1.022 million and now has a median asking rent of $660 a week.... Port Elliot, Located a 75-minute drive from Adelaide’s CBD, and near popular Victor Harbor, this coastal area has a median house price of $487,000 after experiencing a 9.8 per cent 12-month growth. Mount Gambier, The appeal of small town living during COVID-19 drove interest in Mount Gambier throughout 2020. The median house price in the town is $269,000 and the suburb received one of the highest levels of inquiries from realestate.com.au. $498,029 median house price $336,105 median unit price With population slow to grow, future demand on housing in Adelaide could be impacted, however relaxed lending laws in 2021 could mean that buyers will be able to access mortgages with increased ease, aided on by historic interest rate cuts, ultimately resulting in a continued boom in housing demand and price growth. Dave Picca [email protected] 0433 816 137 call/text 109A Archer st, North Adelaide 5006

20.01.2022 GENUINE SAVINGS What is Genuine Savings when applying for a Home Loan? Genuine savings is a policy that most lenders have in place as security to know you will be able to manage the repayments and to avoid any further questions from authorities about money laundering.... With most major lenders the Genuine Savings portion must consist of 5% of the property value and evidently saved over a period of 3 months. Some lenders will have flexibility to this condition eg. Rental payments can be used to pass the genuine savings policy as demonstrated over a certain period of time, general rule of thumb is 6-12 months or borrowing less than a certain % of the Security Value. Having access to over 45 lenders on our panel we can find the right solution for you and your scenario. SFS - The thinking behind the money Dave Picca [email protected] 0433 816 137 call/text 109A Archer Street, North Adelaide 5006

19.01.2022 To no surprise, the rate has remained on hold at 1.50%, where it has stayed since August 2016. While RBA governor Philip Lowe has said the next rate move will be a hike, some experts are beginning to expect a rate cut could be the way forward.

19.01.2022 Proud to be part of such a great club surrounded by great people. Its a pleasure supporting the growth of a local business. Chau Kaizen

18.01.2022 SFS ANNOUNCEMENT As of the 21st of December through to the 7th of January, our SFS office will be closed. Business will still run as usual, just giving our amazing team the break they deserve over this wonderful period.... We all here at SFS wish you a safe, Merry Christmas and a Happy New Year

18.01.2022 Australias official cash rate is now at a record low of .75%. It is the third cut since June. The central bank has maintained that the monetary policy stimulus is aimed at supporting jobs growth and ensuring that the inflation rate closer to the RBAs medium-term target of 2 to 3 per cent.

17.01.2022 ~ What is your financial goal? ~ Want to buy your first home? Want to renovate your existing home? Need that holiday?... Starting a new business? Medical expenses? Personal expenditure? Here at SFS, we strive to assist you to achieve all of your finance and home-loan goals! For more information, get in contact with us! Significant Financial Solutions: : (08) 8271 1055 : [email protected]

16.01.2022 || RBA Announcement || The RBA has lowered the official cash rate by 25 bps from 0.75 per cent to 0.5 per cent. The central bank has pulled its monetary policy lever for the fourth time in less than a year amid growing instability in domestic and global markets.... 2 Major Banks have already passed on the Full Rate cut (CBA & Westpac). I will update this post frequently as I am expected other Lenders to announce their rate drop. Contact me if you have any questions: M : 0433 816 137 E: [email protected]

14.01.2022 FYI below is a list of the Lenders that have moved their Standard Variable rates with the RBA Announcement, and their date of effect. Adelaide Bank|| -0.15% Effective Date 15/10 ANZ|| -0.14% Effective Date 11/10 AMP|| -0.15% Effective Date 14/10... Bank SA|| -0.15% Effective Date 16/10 Bankwest|| -0.13% Effective Date 16/10 Bendigo|| -0.15% Effective Date 15/10 Beyond Bank|| -0.14% Effective Date 22/10 CBA|| -0.13% Effective Date 22/10 HomeStart|| -0.16% Effective Date 17/10 Heritage Bank|| -0.15% Effective Date 15/10 HSBC|| -0.15% Effective Date 21/10 ING|| -0.15% Effective Date 16/10 Liberty|| -0.25% Effective Date 22/10 ME Bank|| -0.15% Effective Date 24/10 NAB|| -0.15% Effective Date 11/10 Newcastle Permanent|| -0.13% Effective Date 22/10 PLANLend|| -0.15% Effective Date 29/10 Resimac|| -0.15% Effective Date 23/10 St. George|| -0.15% Effective Date 16/10 Suncorp|| -0.15% Effective Date 18/10 Virgin Money|| -0.15% Effective Date 25/10 Westpac|| -0.15% Effective Date 16/10 Stay tuned as this post will be updated regularly.

14.01.2022 Another piece of great information From Core Logic. It really indicates how important the property market is and the growth/recovery of our Economy. **This is Information gathered from the month of June 2020** For any assistance please contact me on:... M: 0433 816 137 E: [email protected] See more

14.01.2022 || Below is a list of Lenders who have responded to the RBA cut, and their effective dates. || Adelaide Bank Variable OO P&I, OO IO, INV P&I, INV IO -0.25% 27 March 2020 (New and Existing Customers) AMP Variable OO P&I, OO IO, INV P&I, INV IO -0.25% 30 March 2020 (New and Existing Customers)... ANZ Variable OO P&I, OO IO, INV P&I -0.25% 13 March 2020 (New and Existing Customers) ANZ Variable INV IO -0.35% 13 March 2020 (New and Existing Customers) Bank of Melbourne Variable OO P&I, OO IO, INV P&I, INV IO -0.25% 17 March 2020 (New and Existing Customers) Bank SA Variable OO P&I, OO IO, INV P&I, INV IO -0.25% 17 March 2020 (New and Existing Customers) Bankwest Variable OO P&I, OO IO, INV P&I, INV IO -0.25% 18 March 2020 (New and Existing Customers) CommBank Variable OO P&I, OO IO, INV P&I, INV IO -0.25% 24 March 2020 (New & Existing Customers) Heritage Bank Variable OO P&I, OO IO, INV P&I, INV IO -0.20% 25 March 2020 (New & Existing Customers) HomeStart Variable OO P&I, OO IO, INV P&I, INV IO -0.25% 1 April 2020 (Existing Customers) 3 March 2020 (New Customers) HSBC Variable OO P&I, OO IO, INV P&I, INVO IO -0.25% 23 March 2020 (New & Existing Customers) ING Direct Variable OO P&I, OO IO, INV P&I, INV IO -0.25% 18 March 2020 (New & Existing Customers) Liberty Variable OO P&I, OO IO, INV P&I, INV IO -0.25% 24 March 2020 (New & Existing Customers) Macquarie Variable OO P&I, OO IO, INV P&I, INV IO -0.25% 19 March 2020 (New and Existing Customers) ME Variable OO P&I, OO IO, INV P&I, INV IO -0.25% 26 March 2020 (New and Existing Customers) NAB Variable OO P&I -0.25% (Effective 13 March 2020) PLANLend Variable Home Loan -0.25% (Effective 6 of March 2020 St George Variable OO P&I, OO IO, INV P&I, INV IO -0.25% 17 March 2020 (New and Existing Customers) Suncorp Variable OO P&I, OO IO, INV P&I, INV IO -0.25% 20 March 2020 (New and Existing Customers) Virgin Money Variable OO P&I, OO IO -0.17% 3 April 2020 (New and Existing Customers) Virgin Money Varibale INV P&I, INV IO -0.25% 3 April 2020 (New and Existing Customers) Westpac Variable OO P&I, OO IO, INV P&I, INVO IO -0.25% 17 March 2020 (New and Existing Customers) For further assistance please call me on M: 0433 816 137 or E: [email protected]

11.01.2022 || Refinance Scenario || The image below shows 2 products 1. Exiting Home Loan (Scenario 1) 2. New Proposed Loan/Refinance (Scenario 2)... The Graphs Illustrate that if a client continues their current monthly repayments based on the new rate (Scenario 2), it will forecast the Loan to be paid off in 21 years. This is a great way to take advantage of the Record Low Interest rates and save the clients thousands in interest. **This is an example only, and depending on the clients profile this could alter the interest rates and outcome** For any further information please contact me on: 0433 816 137 [email protected]

11.01.2022 The team at SFS and myself are proud to support such a great talent and good friend Nicholas Bucco. Good luck to you and Adelaide City FC on your 2020 football season.

10.01.2022 Which lenders are passing on RBA cut so far? Below is a breakdown of which lenders have announced theyve cut variable mortgage rates so far! Contact us to find out how it has effected your home loan!... Owner Occupier Standard Variable Rate Cuts Effective from 4 June 2019 Lender % Rate Cut Effective Date ANZ -0.18%, 14 June 2019 BankSA -0.20%, 18 June 2019 Bankwest -0.25%, 25 June 2019 Bendigo Bank -0.20%, 28 June 2019 CitiBank -0.25%, 25 June 2019 CBA -0.25%, 25 June 2019 ING -0.25%, 25 June 2019 Macquarie -0.25%, 7 June 2019 ME Bank -0.25%, 27 June 2019 NABank -0.25%, 14 June 2019 Suncorp Bank -0.20%, 21 June 2019 Virgin Money -0.22%, 25 June 2019 Westpac -0.20%, 18 June 2019

10.01.2022 THE Morrison government will provide grants of up to $25,000 for eligible homeowners to build or renovate between June and December and if you are a First Home Buyer another $15,000. That is a massive $40,000 towards your New Home! Eligibility: National Market cap of $750,000... Renovation price range over $150,000 to $750,000 Income caps of $125,000 for singles and $200,000 for couples. Building contract executed between the dates of 04/06/2020 to 31/12/2020 For any further questions please contact: M: 0433 816 137 E: [email protected]

09.01.2022 Strength doesn't come from what you can do. It comes from overcoming the things you once thought you couldn't. #sponsored #training #team

09.01.2022 The National Housing Finance and Investment Corporation has announced its full panel of lenders taking part in the federal governments First Home Loan Deposit Scheme. The link below outlines that CBA has been named as the second major bank to offer loans under the scheme, along with 25 non-major lenders. For further enquires please contact M: 0433 816 137 or ... E: [email protected] See more

09.01.2022 SFS have taken all necessary steps to make sure we can work through these uncertain times together. We have created an online working platform that will allow ...us to still provide the best service to our clients. Banks are being very agressive at the moment with refinance cash back offers and rates starting from as low as 2.49% (conditions apply). Get in touch by just clicking on the link below! SFS - The Thinking Behind the Money!

09.01.2022 If you are a Business Owner and are unsure of your options we are here to help. PM us today!

09.01.2022 When selecting or researching a Fixed Rate Home Loan, it is important to be aware of the following: 1) The Revert Rate - What your Home Loan Rate returns to after the fixed period ends. 2) Break/Penalty Costs - Fees charged by lenders when you make extra repayments on a fixed rate loan, or you pay the loan out before the fixed term has expired.... Experts in the industry are predicting further rate cuts, see how this effects you. For any assistance please contact M: 0433 816 137 E: [email protected]

08.01.2022 The rate has been kept on hold at its current record low of 0.75%, where it has sat since October 2019. The full impact of Australias unprecedented bushfire season over the summer on the domestic economy is still yet to be seen. RBA to hold the rate, and stated that while the world awaits the full impact of the coronavirus on global economic conditions, the RBAs movements will be effectively placed in quarantine.... Please contact me on M: 0433 816 137 or E: [email protected] if you would like to discuss further.

07.01.2022 Strength doesnt come from what you can do. It comes from overcoming the things you once thought you couldnt. #sponsored #training #team

07.01.2022 Check out a new way to Find & Compare New Home Builders.

05.01.2022 As banks have persisted in making it more difficult to secure a loan, turning many would-be borrowers away, consumers have continued to increasingly utilise the broker channel for experience, expertise and greater market choice to secure access to credit. Achieving its highest ever Home Loan market share, mortgage brokers settled 59.1% of all residential Home loans in the September 2018 quarter.

05.01.2022 Cash rate inertia has continued with the Reserve Bank of Australia (RBA) holding the official cash rate at a record-low of 1.5 per cent. Although a change in government will have a significant economic impact which the RBA will need to factor in. Many analysts are still predicting the central bank to cut the official cash rate this year in response to weakening housing market conditions and softening demand for credit.

04.01.2022 Home Builder Grant Extension After months of speculation as to whether HomeBuilder Grant will be extended, today the Government has announced a 3 month extension!! Key points regarding the extension are as follows. A $15,000 grant for building contracts (new builds and substantial renovations) signed between 1 January 2021 and 31 March 2021, inclusive.... An extended deadline for all applications to be submitted, including those applying for the $25, 000 grant and the new $15,000 grant. Applications can now be submitted up until 14 April 2021 (inclusive). This will apply to all eligible contracts signed on or after 4 June 2020. An extension to the construction commencement timeframe from three months to six months for all HomeBuilder applicants. This will apply to all eligible contracts signed on or after 1 January 2021, but will also be backdated and apply to all contracts entered into on or after 4 June 2020. An increase to the property price cap for new build contracts in New South Wales and Victoria to $950,000 and $850,000, respectively, where the contract is signed between 1 January 2021 and 31 March 2021, inclusive. The existing new build property price cap of $750,000 will continue to apply in all other States and Territories. A change in licensing requirements and registration for builders and developers, as below o Where an eligible contract is signed on or after the 29 November 2020, the builder or developer must have a valid licence or registration before 29 November 2020. o Where an eligible contract is signed before 29 November 2020, the builder or developer must have a valid licence or registration before 4 June 2020 For more information contact me or one of our trusted brokers at Significant Financial Solutions. ~ THE THINKING BEHIND THE MONEY ~ Dave Picca [email protected] 0433 816 137 call/text 109A Archer st, North Adelaide 5006 See more

03.01.2022 We are excited about our New Office...................109A Archer Street North Adelaide SA 5006 (Enter Via The Archer Carpark)

03.01.2022 RBA ANNOUNCEMENT The Reserve Bank of Australia (RBA) has cut the official cash rate from 0.25 per cent to a new historic low of 0.10 per cent and moved to broad quantitative easing. According to CreditorWatch chief economist Harley Dale, such a lowering of fixed rate mortgages could provide a powerful charge to the country's economic recovery.... Will the Banks follow the RBA? Stay tuned for more information. If you have any questions please contact me on: 0433 816 137 [email protected]

03.01.2022 The Reserve Bank of Australias (RBA) monetary policy board has held the official cash rate at 0.75 per cent, in line with market expectations. Analysts are expecting the RBA to hold off on further cuts in the near term, as it monitors the impact of its reductions in June, July and October, particularly amid positive inflation and labour market indicators.

03.01.2022 || The RBA pulls Emergency Lever || In a statement accompanying the decision, RBA Governor Philip Lowe said: The coronavirus is first and foremost a public health issue, but it is also having a very major impact on the economy and the financial system.... Effective tomorrow, 20 March 2020, the official cash rate will be slashed to a new record low of 0.25%. The RBA said it will not increase the cash rate target until progress is being made towards full employment and it is confident that inflation will be sustainably within the 23 per cent target band. According to Canstar analysis, if the 0.25% cut is passed on by lenders, borrowers will likely see a further $56 in monthly savings on the average loan; however, there is little confidence this will stimulate consumer spending. If you need assisstance please contact me on M: 0433 816 137 E: [email protected]

02.01.2022 First Home Loan Deposit Scheme (FHLDS) The link covers useful information such as; A Basic Overview of the Scheme... Eligibility How to apply Current Participating Lenders Contact 0433 816 137 or [email protected] form more information.

02.01.2022 The Australian economy saw strong growth in the September quarter, officially bringing the country out of recession. Key factors that drove this: The Australian Economic Activity Rose by 3.3%... Household spending drove the economy, rising 7.9 per cent due to increased spending on goods and services. Spending on services rose 9.8 per cent, driven by spending on hotels, cafes and restaurants, health and recreation and culture as containment measures were relaxed. While Australia has technically exited the recession, Unemployment still remains High. The peak of unemployment is likely to be between 7 to 8% and will take several years to return to what it was like Pre COVID. All of the above are key factors in determining the Interest Rates. ~ THE THINKING BEHIND THE MONEY ~ Dave Picca [email protected] 0433 816 137 call/text 109A Archer st, North Adelaide 5006

02.01.2022 The Reserve Bank of Australia (RBA) has held the official cash rate at 1 per cent, as predicted by most market analysts. Observers have claimed that the central bank would monitor the impact of its cuts, as well as recent fiscal and regulatory stimulus, before considering a further reduction to the cash rate.

01.01.2022 || December Cash Rate Announcement || The Reserve Bank of Australia (RBA) has held the official cash rate at 0.75 per cent, in line with market expectations. Christmas spending will be the test; if we dont see healthy consumer spending this month, the push will be on for a February cut. said Canstar group executive of financial services, Steve Mickenbecker.... Following the October cash rate cut, a major lender reported just 7% of its borrowers opted to reduce their repayments, implying a significant portion of household funds has been freed up to be spent elsewhere.

01.01.2022 RBA Announcement, first of 2021 The Reserve Bank of Australia (RBA) has announced its first cash rate decision of the new year. As expected, the central bank has held the rate at its current record low of 0.1%, where it has sat for the past three months since the November 2020 meeting.... In a statement, RBA governor Philip Lowe said that while recent vaccine developments have improved the outlook for the global economy, the path to Australia’s economic recovery depends, not only on the health situation as it unfolds, but also on significant fiscal and monetary support. Unemployment has seen a welcome decline to 6.6%, it still remains higher than it has been for the past two decades. The central scenario is for unemployment to be around 6 per cent at the end of this year and 5 per cent at the end of 2022. ~ THE THINKING BEHIND THE MONEY ~ Dave Picca [email protected] 0433 816 137 call/text 109A Archer st, North Adelaide, SA 5006