Get Interested in Cobbitty, New South Wales | Financial service

Get Interested

Locality: Cobbitty, New South Wales

Phone: +61 419 589 189

Address: PO Box 128 2570 Cobbitty, NSW, Australia

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

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• Financial service
• Loan service
• Mortgage brokers

23.01.2022 FEBRUARY 2021 NEWSLETTER BEING EMAILED OUT: There's some big property and tax news around right now: Positive conditions for borrowers ATO issues tax scam warning...Continue reading

16.01.2022 The property market is rapidly approaching crunch time where there will be multiple winners and losers. The end of this month is D-Day for the 450,000 borrowers who deferred home loan payments. Some will be able to recommence making payments, but for others this could mark the start of a series of tough conversations with the bank conversations which could even lead to borrowers being forced to sell their property. For a vendor, a distressed sale is clearly bad news. Bu...t for a buyer, such properties could create many opportunities. Increasingly Australia is looking like a two-speed economy; work in hospitality or travel and you may struggle to make repayments. Work for the government, or an essential service, and you are looking financially robust. For those in strong employment, the forthcoming vendor pain presents a golden opportunity to purchase property. And with rates likely to stay very, very low for two or three years. Some economists now argue that in all states and territories except Sydney and Melbourne, repayments are now lower than rents (assuming clients have a 20 per cent deposit). While Covid-19 has undoubtedly shook the global economy, most economist believe the Australian experience to be far better than feared such that many economists predict a 2+ per cent growth in 2021. Indeed, such is the overall confidence in the economy, many banks have modified their predictions to single digits on how far prices will fall due to those who cannot make loan repayments. Mortgage brokers have seen an increase in demand for their services since Covid-19 and that only looks to increase. New loans for residential investments rebounded 15.2 per cent in the three months to June over the previous quarter as investors refinanced to new lenders, taking advantage of record low interest rates. And forthcoming legal changes, where the broker must work in the best interest of a borrower, only looks to increase mortgage brokers’ market share. When consumers know that the broker is working for them rather than just trying to sell them a bank product, the broker is likely to generate strong customer engagement.

16.01.2022 Some Help for NSW First Home Buyers where the threshold for the exemption & concession has been increased: https://www.smh.com.au//stamp-duty-paused-for-nsw-first-ho

16.01.2022 Google Business Update

13.01.2022 Responsible Lending Laws to be Axed but BID (Best Interests Duty) to still be implemented. This should help some borrowers looking to get into the market or having issues with lending.

08.01.2022 Announcement: I am just putting this out there and if you or anyone else you know is trying to get into the property market for a first home, next home or investment? I have options available that may assist you or someone you may know, where you can purchase or get into the market for as little as a $10K deposit? Of course you will need to go through the normal processes of assessment and I can show you how, if you would like to know more? You may think this is too good to be true but it isn't and I can show you how, if you can borrow the amount you need, by having the income and borrowing capacity required to purchase? Reach out if you want to know more or if you know anyone who would like to find out more?

01.01.2022 The RBA have reduced the official cash rate down as expected from 0.25% to another historic low of 0.10%. Good news for mortgage holders but bad new for deposit holders or those who rely on savings to provide a return on their money. A historic low and the first time in a long while that the RBA has moved their cash rate by less than 0.25%.