Total Financial Security in Newcastle, New South Wales | Property investment firm

Total Financial Security

Locality: Newcastle, New South Wales

Phone: +61 2 4969 4699

Address: 1/83 Beaumont Street, Hamilton 2303 Newcastle, NSW, Australia

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

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24.01.2022 Take note new investors:

24.01.2022 With record-high values expected across Australian dwellings in a few months time, 2020 will see the fastest market recovery on record with respect to the length of the downswing. And its being led by owner-occupiers. Read more: https://www.corelogic.com.au/news/owner-occupier-upswing

22.01.2022 Great summary. Thanks Phil.

21.01.2022 Drops by all 4 major banks in interest rates signals time to move into the property market or to renegotiate your loans. With the share market performing poorly, investors are returning to property.

20.01.2022 CoreLogic's Head of Research, Tim Lawless, comments 'Positive year-end results mask a year of 2 distinct halves; capital city dwelling values fell by 3.8% over the first 6 months of 2019 and then rebounded by 7.0% over the 2nd half'. Read More: http://ow.ly/AqnY50xLarx

20.01.2022 The Corelogic February 2020 Home Value Index Results Released Today Confirmed That Nationally, Housing Values Surged By 1.1%, With Values Across Five Of Australias Eight Capital Cities Reaching A Record-high. Read more: http://ow.ly/erzQ50yzNRQ

20.01.2022 Important for investors to consider

19.01.2022 Did you miss CoreLogic's Head of research on Sunrise yesterday? You can listen to what he had to say via the Sunrise website. http://ow.ly/P1Jj50xr7yc

18.01.2022 Thanks for the feature Hunter Headline!

17.01.2022 What amazing news- I will put a link in the comments but first home buyers in NSW will now not pay stamp duty on new properties up to $800k :)

17.01.2022 Melbourne property update

17.01.2022 BREAKING NEWS- RATES JUST WENT DOWN BY 0.25% Hi everyone my phone and email have been running hot with questions about what may happen to interest rates in th...is current climate we are experiencing and in the coming months. STAY ON VARIABLE OR SWAP TO FIXED? A few clients have asked if they should be locking in rates now or leave on variable. Unfortunately we are in totally uncharted waters so I honestly dont know what rates will/wont do. Whenever a client asks me about fixing I am never confident to answer that question as not even the economists always get the predictions correct so its totally up to each individual to make up their own mind however a few things to keep in mind: - most of the economists predicted the rate drop that just occurred today and as you know we are on the lowest historical rate we have ever seen - we are yet to find out which banks will be passing on the cut and by how much (if any) - In the US they recently also cut rates again and most economists think our reserve bank will do the same one more time (even after today's cut) - rates are the lowest they have been and some feel that even if they do go down again they wont go down by much (perhaps by 0.25% again) - some are saying the lenders have plenty of access to money and will want money out the door so rates shouldnt go up outside the RBA decisions going forward BUT if access to offshore funding dries up (which can happen) rates will be forced up outside the RBA - the advantage of a fixed rate is that you have some peace of mind regarding the stability of your payments/rate Important things to know about fixed rates are: - you are limited on the amount of extra you can pay off the loan during the fixed period - if you sell the property or refinance during the fixed rate period you will be hit with a heavy penalty - you cant access your redraw $$ until the fixed rate period is up (with most lenders) I am sure this email wont help you very much to make your decision but I am just not at all sure what sort of effect this current crisis will have on the lenders/economy/rates etc. I am personally leaving my own home loan on variable for now because I want to be able to access funds in redraw and have flexibly with the loan if needed but I really dont know if that is the right choice or not. Only time will tell. HARDSHIP CONDITIONS If you are one of the people who are concerned about struggling to make payments during this difficult time then you are not alone. We have had a few calls from clients worried about what will happen with their payments if they lose their job or their hours are cut back. Firstly the banks DO NOT want to repossess your home and sell it. Absolutely every lender in Australia is required to have hardship terms for clients in difficult situations. If you are in this position and struggling to make the payments we recommend you email us and we will give you some guidance on what your lender process is for hardship conditions. We are expecting extra special conditions to be released for the Coronavirus but most banks/lenders have not rolled out anything at this stage. DO NOT IGNORE emails, letters and phone calls from the lender about your late payments. They WANT to help create a hardship agreement which will enable you to keep your home. What I can do is let everyone on our database know as soon as we know more. Feel free to forward to friends so they can stay in the loop too.

16.01.2022 Food for thought...

14.01.2022 Major finance related questions can be checked out by following The Garis Group on fb

14.01.2022 Almost nine in ten (87.4 per cent) property resales over the September 2019 quarter sold for more than their previous price, delivering a gross profit of $18.7 billion for resellers across Australia. Read more in the latest Pain and Gain out today: http://ow.ly/GA7c50y2C72

13.01.2022 Good general advice

13.01.2022 Rental rates continued to trend lower in June, with weaker conditions across the unit sector- capital city house rents dropped by 0.2% while unit rents are down 1.8% since March. Read the full indices report: http://ow.ly/r6wi50Aqa2R

13.01.2022 SHOULD I ENGAGE A PROPERTY MANAGER? I get this question a lot, and generally my answer is yes. Hiring a property manager will save you time, protect your inve...stment, and help you make more money. They’ll help you find good tenants, professionally manage any issues, conduct regular inspections onsite, and chase payments. Notice how I said good property manager? That can make all the difference! So, how do you spot a good property manager? Here are a few things to look for LESS DRAMA The good ones don’t tend to spend a lot of time in VCAT, dealing with tenant issues. That’s because they put the work in upfront to get the right sort of tenant. Speaking of which ACTIVE WAITLIST Ideally, they have a database of people looking for properties. The more people on the waitlist, the more you’ll have showing up at inspections and applying, and the more likely you’ll find an ideal tenant for your property. PROACTIVE Ask about their processes and make sure they’re proactive so that they catch things before they become an issue (regular inspections go a long way), and are quick to react when an unexpected issue (like a leak) comes up. Anything else you’d add to this? Let me know! #philiprobisonproperty #propertyinvesting #realestate

13.01.2022 The Brisbane market is showing meaningful improvement and appears ready for a long overdue boom. Every statistic that matters depicts uplift in the market and prices are expected to rise in 2020.

13.01.2022 National summary:

13.01.2022 COVID-19 | JobKeeper 2.0 Client Guide In our latest blog we summarise and explain the latest changes and announcements to the JobKeeper and JobSeeker payments. To find out how these changes effect you, click the link below; https://garis.com.au/covid-19-jobkeeper-2-0-client-guide/

12.01.2022 National housing values recorded five months of growth - index now back into positive annual growth territory for first time since April 2018. Read more: http://ow.ly/ILkN50xs7RS

10.01.2022 Some great news here

10.01.2022 Auction volumes were down week on week across the combined capital cities, with a total of 1,185 homes scheduled for auction. The lower activity which we have h...istorically noted over school holiday periods, returned a preliminary clearance rate of 65.1%. Read more: http://ow.ly/TNkS50AqarD

10.01.2022 Following a 0.4% decline in May, the CoreLogic Home Value Index recorded a second consecutive month of falls, with the national index down 0.7% in June. Read the entire indices report: http://ow.ly/rZuL50AmnQE

10.01.2022 The recovery trend in Melbourne overtook Sydney, with dwelling values surging 2.3% higher over the month; the largest month-on-month gain since November 2009. https://corelogic.rpd.atechnology.com.au/housing-update

09.01.2022 Corelogic Hedonic Home Value Index released today. Read the full Indices report: http://ow.ly/aYJT50z1zF9

09.01.2022 The latest media release from the Reserve Bank of Australia today reveals the cash rate of 0.75% remains unchanged: https://www.rba.gov.au/media-releases/2019/mr-19-33.html

06.01.2022 The Australian Bureau of Statistics (ABS) has released its December 2019 housing finance data. The results reveal a strong uplift in borrowing for property purchases over the month. Read more: http://ow.ly/slFh50ynNkX

06.01.2022 Have a happy and safe Christmas everyone

04.01.2022 Amid the spread of coronavirus, the past few weeks have seen increased expectations of an Australian recession, a slowdown in business activity and trillions of... dollars wiped off global share markets. It has many asking what the impact of the coronavirus would be on Australian residential property. Read more: http://ow.ly/1IPr50yOwoW See more

02.01.2022 For investors in qld.....

02.01.2022 It might not happen later today, but it should happen soon and maybe twice in the next couple of months. I am of course talking about the RBA cutting the cash rate. For more: https://matusik.com.au/2020/02/04/interest-rates-feb-2020/

02.01.2022 While there is large variability in capital growth from region to region and across the product types, every capital city excluding Darwin is showing an upward...s trajectory, demonstrating a geographic broadening in the recovery as low mortgage rates and better access to housing credit fuel buyer demand. Read more: http://ow.ly/zPmk50yzQkX See more

01.01.2022 The cash rate was unchanged at todays RBA board meeting, holding at the record low of 0.25%, which is where its likely to stay until at 2023. The RBA has pre...viously been clear that the cash rate wont move higher until inflation is well within the 2-3% target range and labour market indicators are trending towards full employment, implying an unemployment rate around the 4.5% mark. Read more: https://www.corelogic.com.au//cash-rate-remains-unchanged- See more