Tom in Melbourne, Victoria, Australia | Loan service

Tom

Locality: Melbourne, Victoria, Australia

Phone: +61 1300 885 343

Address: 35/93 Wells Rd 3196 Melbourne, VIC, Australia

Website: http://globalfinance.com.au

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25.01.2022 The affordability gap facing young home buyers A New Year often brings new resolutions, and according to a recent poll, home ownership is high on the list for many Australians in 2016 with some 40% of poll participants indicating that their New Years resolution is to save to purchase their first home or investment property. Without wanting to rain on anyones parade so early in the New Year, I suspect for many, these resolutions will be carried over to 2017 (and possibly bey...ond) as the great Aussie-dream of home ownership stands to become the great Aussie pipe dream owing to the growing issue of housing affordability confronting us right now. House affordability generally in Australia has become, and will continue to, be a significant issue for local property buyers, in particular those looking to buy in the Sydney and Melbourne markets both of which are recognised as two of the least affordable major metropolitan markets in the world according to Demographia International Housing Affordability Survey (2014: 3rd Quarter). Boasting median house prices almost 10x greater than the gross annual median household income in each state, first-home buyers in Melbourne and Sydney are being pushed to outer-suburbs which often require 90 minute travel times to and from their place of employment each day, or into tiny apartments without natural light or ventilation not exactly the Aussie-dream we were looking for. So what is the solution? There have been calls for the government to intervene in order to address this pressing issue, either through stamp-duty concessions or by perhaps relaunching another First-home Buyers program designed to bridge the widening gap, however this is unlikely to take place anytime soon and an immediate solution is required for many. To date, the most common solution (around 70%) for young buyers has been to turn to their parents or family members for assistance by way of a loan or a non-repayable gift to enable them to climb the property ladder

24.01.2022 Well done to Lukas for winning this months iPad giveaway, try not to drop this one! Each month we giveaway an iPad to one of our customers for their feedback.

24.01.2022 This company is cold calling consumers advocating they are from my company which they are definitely not please dont disclose any personal information

23.01.2022 Household debt likely to stand in the way of rate hikes Official interest rates are at historic lows and it seems unlikely that they are going to be increasing in the near future. Furthermore, dont expect interest rates to return to historic average levels due to record high levels of household debt. The Reserve Bank (RBA) Governor Phil Lowe suggested last week that if it wasnt for the strength of the housing market, and a fear of inflating it further, official interest rat...es would be lower. It was an interesting comment from an RBA Governor, especially when you read what the RBAs function is: The (RBA) is Australias central bank and derives its functions and powers from the Reserve Bank Act 1959. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nations banknotes. Inflation is currently well below the RBAs target range and the country is not at full-employment which would indicate the RBA should be considering interest rate cuts. Clearly the economic prosperity and welfare of Australian people (linked to dwelling value growth) is a key reason why they are not cutting interest rates. When you look at some of the key data, it seems like it could still be a long time before the RBA starts lifting interest rates again. Official interest rates The RBA has a target range for underlying inflation of between 2% to 3% over the medium term. The main mechanism to increase inflation is by cutting interest rates; at the moment the annual rate of headline inflation is 1.5% while underlying inflation is 1.6%, both of which are below the target range. In fact, annual underlying inflation has grown at a rate below 2% for each of the past four quarters with inflation having not been that consistently weak since the RBA implemented its inflation targeting policy in the early 1990s. Under normal circumstances the RBA would likely be cutting official interest rates in an effort to stimulate consumption and push consumer prices higher, however, concerns of further inflating Sydney and Melbourne home values is likely a significant barrier to making this move.

22.01.2022 Banks may be reducing their support for investors, but we have lenders that will allow borrowing to 95% +unlimited capping of LMI!! and their appetite has never greater with: Rates starting at 4.14% pa Up to 95% LVR + the full LMI fee capped* Options with or without LMI / Credit scoring approval... Low-doc, credit impaired and cash out also available All this from the lender offering Best Turnaround Times! Contact me for further information See more

21.01.2022 ING Spring Property update, some great info for our local market.

21.01.2022 For most households July 1 dawns with barely a cross on the calendar. But just as January 1 prompts many of us to take a pulse check on our health and resolve to do better, the new financial year is the perfect time to take stock of our fiscal fitness. The new financial year is an ideal time to review your mortgage, regardless of how long you have been with your lender. It never hurts to look around at other institutions and their loans to ensure your mortgage is still structured to suit your circumstances. Even 0.5 per cent shaved from a $250,000 loan will save more than $23,000 over 25 years.

19.01.2022 Talk to us about Tricky loans for borrowers with: Discharge of bankruptcies Mortgage arrears Credit defaults ATO debt... One-day ABNs One-day employment Unusual income sources (verifiable) Cash out for any reasonable, verifiable purpose Incomplete construction (LVR on land value or 90% complete) See more

18.01.2022 Melbourne winter arrives with gusto. Summary This year - Auctions: 747 / Clearance rate: 76%. Last year - Auctions: 264 / Clearance rate: 72%.... Source: REIV Winter is upon us, bringing with it cold and rainy weather, less sunshine and shorter days. But, the weather was no match for the Melbourne property market at the weekend, with clearance rates increasing slightly as would-be buyers withstood conditions. While figures demonstrate deteriorating weather conditions generally have little effect on overall buyer activity, there is, however, a measurable impact on the number of sales that occur during winter, with volumes already dropping from last weeks high of an estimated 1000 properties. Why do listings decline in winter, you ask? In most cases simply due to the belief that the poorer weather conditions impede a propertys appeal. However, while the rain and cold can indeed keep crowds at bay, serious buyers remain steadfast, as evidenced by the weekend. In recent months, WBP has regularly observed between three and six bidders at auctions of established houses and three to four at auctions of established investment-grade quality units. This level of demand, together with fewer options for buyers during the winter period, will continue to underpin auction clearance rates as the season unfolds. Though, demand is not only beneficial for clearance rates but also prices - not just for the crme de la crme of property but, to a lesser degree, second-rate properties too. This has many pundits concerned, once again leading to talks of a property bubble and a supposed inevitable burst for the Melbourne market. Though some may question the long-term trajectory of current market fundamentals such as interest rates, net migration and unemployment, its the shortage of freestanding homes that is the major driver of growth in houses at present. In fact, according to WBPs observations, homebuyers within a 20 kilometre radius of Melbourne currently outnumber house listings by 3:1, with this ratio likely to widen as Melbournes population continues to grow and developers cannibalise established homes for new high-density development sites, not to mention, the impact of winters tightening grip on stock levels Todays tip In Melbourne, consumer consumption habits are intensified by the citys very distinct seasons and associated weather patterns. Considering these complexities will help to maximise your outcomes when buying and selling property.

18.01.2022 2 year fixed re owner occupied 3.75%

17.01.2022 LOOKING FOR YOUR NEW CAR RATES AS LOW AS 4.5% If you have decided what you want, or even if you arent sure what you are looking for we are here to help. Whether you want to buy a new car or used, a private sale or from a dealer- our efficient, dedicated and friendly staff will work closely with you to assist you in deciding whats best for you. So you can be rest assured and walk away with a best deal thats just right for you.

16.01.2022 Summary This year - Auctions: 462 / Clearance rate: 74%. Last year - Auctions: 786 / Clearance rate: 76%. Source: REIV... Fewer than 500 auctions were held in Melbourne at the weekend an unusual outcome for a non-holiday weekend based on more recent volume trends. However, the dip aligns with long-term seasonal troughs brought about by the winter months, rather than the unusually high volumes characteristic of last winter. Overall, the number of residential properties for sale in Melbourne, particularly freestanding houses, remains modest relative to current demand, as evidenced by the healthy clearance rate achieved at the weekend. According to REIV, northern middle-ring suburb Reservoir recorded the highest number of auction sales so far this year, followed by outer north suburb Craigieburn, and inner and middle-ring suburbs Bentleigh East, Mount Waverley and Glen Waverley. While would-be buyers remained present at inspections and auctions around the city, frenzy levels have abated perhaps in anticipation of increased spring volumes leading to many properties transacting at reasonable prices and in alignment with both buyer and vendor expectations. While clearance rates remain strong for the year-to-date (72.9%), increased auction volumes in spring typically have a moderative impact on results. However, the increased supply of quality assets is likely to counteract some of the decline in clearance rates as new supply absorbs both latent and new demand. With this in mind, WBP expects clearance rates to remain above 70% on average during the spring period.

16.01.2022 look like anyone familiar

14.01.2022 SOME HIGHLIGHTS OF THE GOVERNMENT BUDGET FOLLOW (BORING I KNOW). HAPPY TO CLARIFY ANY QUESTIONS Accelerated depreciation across multiple areas Micro business - immediate deductibility from Budget night for any assets purchased and used or installed and ready to use by 30 June 2017 that cost less than $20,000... Start-ups immediate deductibility for professional expenses cost of lawyers and accountants to get a business up and running Farmers immediate deductibility for fencing and water facilities Tax cuts for small business (under $2m) from 1 July 2015 1.5% company tax reduction 5% tax discount for unincorporated small businesses GST on digital supplies Similar GST treatment applied to supplies of digital products to Australian consumers including consulting and professional services regardless of whether they are supplied by a local or foreign supplier Individuals Changes to work related deductions for car expenses 12% of original value and one third of actual cost methods removed and simplification of cents per kilometre method FBT changes Changes to salary sacrificed meal entertainment for not for profits Expansion of FBT exemption for work related electronic devices provided by small businesses Multinationals targeted Changes to Part IVA target around 30 global companies with revenue in excess of $1bn Accessing government benefits Changes to how superannuants income counted for social security Child care shake up - Collapses three current eligibility tests with one means and activity test Asset test changes mean 91,000 pensioners no longer qualify and 235,000 will have pension reduced Double dipping Government and employer paid parental leave stopped

14.01.2022 PROPERTY INVESTORS One of our primary funders has just released an investor home loan rate of 4.23% variable, No application fee or monthly fees attached. This rate is super competitive given the recent increases all lenders have applied to the investor market. (can be interest only or Principal and interest) Also the same lender is offering home owners 4.15% variable for principal and interest. (non investor based)

14.01.2022 Is this a house price boom? Time to recap on 2001, 2004 & today Although Sydney and Melbourne home values are recording strong levels of capital growth currently, the rate of growth is much slower than that recorded between the boom period of 2001 and 2004.... When considering the current surge in Sydney and Melbourne home values, it is worthwhile revisiting how strong conditions were during the housing boom of 2001 through to 2004. Although the rate of capital growth in Sydney and to a lesser degree Melbourne is strong it is nowhere near as strong as the rapid home value growth recorded between 2001 and 2004. At the beginning of 2001 the rate of growth in home values began to accelerate. The pick-up in value growth began in Sydney and Melbourne and then flowed through to the other capital cities. A major difference between the post-2000 growth phase and the current growth phase is that the post-2000 phase was not preceded by falls in home values. Another major difference is of course that the growth post-2000 was broad-based whereas the current growth in home values has been narrow, largely focussed on Sydney and Melbourne. Finally household debt levels were substantially lower in 2001 than they are now, which is likely another major contributor to the stronger increase in home values then compared to now.

13.01.2022 Hello All With spring in the air its time for another information-packed edition of Haven. Interest rates are at record lows, but at the same time the average mortgage size in Australia has reached an all-time high. During such a cycle its crucial that mortgage holders arent lulled into a false sense of security, leaving them open to a shock when rates inevitably rise. Our Ease the Squeeze article looks into ways to take advantage of low interest rates now, to ensure that ...Continue reading

13.01.2022 ANZ Car loan 3.99%p.a. base rate special! In April, May and June this year, were offering ANZ with our base rate special of 3.99%p.a. on new motor vehicle loans. To qualify, the customer needs to have a current secured commercial or mortgage loan with ANZ and the deal must settle before 30 June .

12.01.2022 Following the Reserve Bank rate reduction today of 0.25% the CBA in their wisdom have only passed on a rate reduction of 0.13%. If you are a customer of the CBA or any other lender and would like to review your current borrowing position we would be only too happy to assist, please email or call our office directly. Today, Commonwealth Bank announced that it would be decreasing the interest rate on its variable rate home loans as follows:... The Standard Variable Rate will reduce by 13 basis points (0.13%pa) to 5.22%pa The Investment Home Loan Standard Variable Rate will reduce by 13 basis points (0.13%pa) to 5.49%pa No Fee Variable Rate, Extra and Base Variable Rate home loans will also reduce by 13 basis points (0.13%pa)

11.01.2022 Following the release of the Royal Commissioners report last week the main aspect of its findings is to destroy the Mortgage Broker model as we currently know it and introduce a fee for service model where every consumer would have to pay not only a broker for their services but also to the Banks, the proposed changes would kill the Broker market and further enhance banks profits once again!! not to mention the effect it would have on approx. 20,000 small businesses around Australia in our industry. I urge you to take 2 minutes and read the following briefing and then importantly sign the attached petition to ensure competition remains strong in our industry for the sake of all consumers. Please share to all of your friends and families and urge them also to sign the petition.

11.01.2022 Live life at a better rate! Secure your home loan repayments with a market-leading rate for the next three years with the Reward Me Home Loan. Available for new Owner Occupied Principal & Interest loans for new borrowings of $300,000 or more

10.01.2022 Congratulations to Tony for winning our monthly iPad giveaway for May, enjoy the new toy and getting rid of your pen and paper! We pride ourselves in getting strong feedback from our customers, thats why each month we give our customers who have recently settled a loan the chance to go in the draw to win an iPad.

09.01.2022 The Reserve Bank of Australia has today announced the outcome of its board meeting and it has decreased the cash rate by 25 basis points. The official cash rate is now 2.0%. In taking this decision it appears the Reserve Bank has reacted to growing concerns around the Australian dollar, modest economic growth and lower CPI figures . This decrease is likely to spark a fresh round of competition amongst lenders so it is a great time to borrow or review your current finance ar...rangements. How does this impact the average mortgage holder? Here is a table showing how Australias average mortgage sizes may be affected: Loan amount examples Likely decrease in repayments $150,000 $31.25 per month $250,000 $52.08 per month $350,000 $72.91 per month $450,000 $93.75 per month $550,000 $114.58 per month $650,000 $135.41 per month

09.01.2022 Looking to purchase a new vehicle? Interest rates start from 4.95%, Application process is quick and easy, Please dont hesitate contact us for a free quote.

08.01.2022 LOOKING FOR A FIXED RATE 3 YEAR SPECIAL OWNER OCCUPIED 4.05% (Reduced by .24%) 3 YEAR SPEICAL INVESTMENT 4.19% (Reduced by 0.35%) The offer is available for a limited time for applications lodged from Monday, 29 February 2016 for new loans.

08.01.2022 Recent Credit Report Changes - How Does this effect YOU?? HOW TO MAINTAIN A POSITIVE CREDIT RATING Read on!! Up until a year ago credit reports for individuals in Australia worked on the basis that good news was no news. In other words, credit reporting only looked at the negatives, highlighting financial failings such as defaults on loans and bankruptcies without any acknowledgment of fiscal achievements....Continue reading

08.01.2022 Thinking about getting a new car? Quick and easy process with the lowest interest rates starting at 4.6% Please dont hesitate to contact us for a free quote on weekly/fortnightly/monthly repayments.

07.01.2022 SUPER HOME LOAN RATE 3.99% Home Loan (Comparison Rate 4.01) Application Fee : Nil Monthly Fee: Nil Annual Fee/nil... Settlement fee $295 Interested in the above special?? talk to us today and also our rebate specials See more

07.01.2022 SUNCORP - NEW LOAN OFFER Standard Variable Home Package Plus Special Offer Suncorp has just lowered their Home Package Plus Standard Variable rate to 4.15% p.a. very competitive considering you get an an offset account and a credit card as well and they are waiving the annual fee of $375 so no on going fee.... Offer valid from 26/05/2015 to 30/06/2015, is subject to change without notice and may be withdrawn at any time before a credit contract is entered into. Rate only available for new loans with Principal and Interest repayments with a balance of at least $150,000. The Package Variable Discount is applied for as long as the loan remains part of the Home Package Plus and may be varied if the loan repayment type is changed before settlement. Pre-approvals excluded

07.01.2022 The Melbourne market will continue to perform for investors this year and beyond if you know where to buy. Blogger: Cate Bakos, director, Cate Bakos Property Top 10 Melbourne suburbs for 2015... 1. Mount Waverley 2. Bentleigh 3. Essendon 4. Newport 5. Preston 6. Coburg North 7. Footscray 8. Kensington 9. Chelsea 10. Geelong West

07.01.2022 Looking for your next car and need finance? Let us help you achieve your goals today! Low interest rates... Approved within 4 hours. Application process is quick and easy Please dont hesitate to contact for a free quote or any information.

04.01.2022 Following the release of the Royal Commissioner's report last week the main aspect of its findings is to destroy the Mortgage Broker model as we currently know it and introduce a fee for service model where every consumer would have to pay not only a broker for their services but also to the Banks, the proposed changes would kill the Broker market and further enhance banks profits once again!! not to mention the effect it would have on approx. 20,000 small businesses around Australia in our industry. I urge you to take 2 minutes and read the following briefing and then importantly sign the attached petition to ensure competition remains strong in our industry for the sake of all consumers. Please share to all of your friends and families and urge them also to sign the petition.

04.01.2022 Well done to Stacie for winning this months iPad giveaway, congratulations! Each month we giveaway an iPad to one of our customers for their feedback.

04.01.2022 The Reserve Bank of Australia has today decided to leave the official cash rate unchanged at 2.00%. As widely predicted The Reserve Bank appears to have adopted a wait and see approach following last months federal budget. Even though the cash rate has remained unchanged, there are still daily changes in the finance market as a result of increasingly intense competition amongst lenders. So, its still wise for us to talk if we havent spoken in a while to ensure youre still in the right finance solution. Lior, get in touch today to make sure you are taking advantage of daily changes in the increasingly competitive mortgage market.