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Hello, Welcome to our latest 'new look' newsletter. For our regular=20 subscribers you'll notice the new look and feel with added = features like=20 forward to a friend and print friendly buttons for your benefit. = A quick update on property markets around the country point to = a steady=20 increase in median values across the eastern states, with a = moderate=20 cooling of the spectacular rises in values in WA & NT over the = last 3=20 years. Despite recent media attention given to the exodus of baby = boomers=20 selling investment properties to take advantage of the current=20 superannuation benefits before June 30th. New data released shows = rental=20 vacancy rates across the country are now at 40 year lows! A new = wave of=20 investors are now looking to come back into the market, with one = real=20 problem - a severe shortage of =E2=80=98in demand' real estate. = This is only=20 doing one thing to market values. Melbourne in particular has had regular auction clearance rates = above=20 80% since the beginning of the year. This indicates a buoyant = market with=20 strong buyer demand but with a real lack of quality real estate = available.=20 Recent media articles suggest the Reserve Bank is now likely to = leave=20 interest rates on hold for the rest of the year, much to do with = the=20 relatively low current inflation rate. This will more than likely = lead to=20 an increase in demand for property and mortgage finance around the = country, as debt is still relatively cheap and mortgage products = are now=20 more flexible and accessible than ever before. On the finance front we are busier than ever, with strong = demand for=20 investment finance in all states with a surge in demand for = development=20 and construction finance. At Red Rock we specialise in providing = fast=20 flexible and highly leveraged development finance facilities. For = more=20 information our development finance mortgages please visit the = loans and=20 products section of our website or contact us today for a = confidential=20 discussion. We hope you find the newsletter of interest. Please pass your = copy on=20 to family or friends. We look forward to helping you, and those = you=20 recommend our services to. Please call with any = questions. Save = through=20 refinancing
The mortgage market is very competitive. Lenders continually = introduce=20 new packages so it may be in your best interest to have us review = your=20 current loan on a regular basis. Why refinance? Here are three of the most common reasons individuals may = consider=20 refinancing: Unlocking the equity in your home. If you would like to = begin=20 investing in property but don=92t have a large cash deposit, = refinancing may=20 provide you with the funds you need. Or if you would like to add = value to=20 your home, unlocking your equity may be one way to help finance=20 renovations. Debt Consolidation. If you have personal loans and = credit card=20 debt, you may be able to move all your current repayment = commitments into=20 your home loan. If there is sufficient equity in your home, = refinancing to=20 repay high interest debts may potentially save thousands of = dollars. A better interest rate. With uncertainty about a further = interest rate rise, you may want to consider locking in a fixed = interest=20 rate rather than remain at the mercy of the Reserve Bank. I want to refinance, now what? Finding which loans suit = your=20 situation may be a quick and easy process. Give us a call. Our = loan=20 comparison software may help you identify which loan will be best = for=20 you. Intelligent=20 investing:stick to the basics
But if you make the wrong decision you may find yourself = experiencing=20 problems. In an ever changing market, here are Seven Golden = Rules=20 that may provide you with some guidance when considering any=20 investment. Create a plan and stick to it. Ask yourself: what would = you like=20 to achieve by investing? Is it capital gain over a set time period = or are=20 you buying to generate a rental income? Your financial objectives = may=20 determine whether a unit or a house best suits your needs. Seven Golden Rules that may provide you = with some=20 guidance. Set limits. Lenders often highlight the maximum amount = that you=20 can borrow, so determine your own limits before you seek out a = loan.=20 There=92s no sense taking on a mortgage you=92ll find impossible = to repay. Secure the right finance. Though interest-only products = often=20 suit property investment situations, there is a range of options=20 available. Take the time to contact us for assistance in finding a = mortgage that works best for you. Find good tenants. Select the wrong tenants and you may = find=20 yourself burdened with serious repair and maintenance costs; if = they are=20 tardy with their rent you may even struggle to meet mortgage = repayments.=20 If you lack the time or desire to seek out tenants, consider = employing a=20 property manager who can manage the property, deal with tenant = problems=20 and take care of collecting the rent. Do a health check. If you want to avoid buying a = =91lemon=92,=20 independent building and pest inspection may be essential = pre-purchase=20 reports. Not only are they likely to alert you to any faults in = the=20 property, they may also help you negotiate with vendors on price = should=20 you decide to buy. Know the neighbourhood. Property close to features such = as=20 transport, parks, schools and shops will often increase your = chances of a=20 good return on your investment. A sought-after neighborhood will = generally=20 increase the likelihood that the property can be easily sold if = mortgage=20 repayments prove too difficult. Consider a buyer=92s agent. If you lack the confidence = or=20 expertise to invest in a property, a buyer=92s agent may offer = advantages=20 from their skills and experience in determining a property=92s = value. A=20 buyer=92s agent works on your behalf to negotiate the best price = and, in=20 general, can warn against poor property = investments. Alternative=20 investments:dynamic or high-risk?
Non-traditional investments such as collectibles are fun to get = involved in and can often increase in value over time. Popular = items such=20 as sports memorabilia, vintage and antique cars, art, antique = furniture,=20 coins, wine and liquor are often in demand, making them great = investment=20 opportunities for the right investor. But beware; investing in collectibles can be a risky venture. = However=20 if you choose to invest in collectibles there are a few simple = guidelines=20 you should consider following to help maximise your return.
While investing in collectibles can involve risk, it can be an=20 incredibly satisfying experience as long as you enjoy what you are = buying.=20 Furthermore, certain types of collectibles are often in demand, = which may=20 give an investor a better chance of netting a return. At worst, = you will=20 be stuck with a collection you love. Renovate = and add=20 value
These tips may help maximise buyer appeal for the home you=92re = about to=20 leave. Even a few small changes may allow you to increase the = asking price=20 on your current property. Clean, clean, clean. Nothing turns buyers away quicker = than a=20 musty home. Bring new life to your abode by cleaning windows and = light=20 fittings; also clear away cobwebs. To make the job a bit easier, = why not=20 throw a spring cleaning party? Also think about getting your = carpets=20 professionally steam-cleaned =96 it=92s inexpensive but may make a = world of=20 difference. Repainting. Perhaps the simplest renovation technique, a = new=20 coat of paint, may give you the best return for your money when = trying to=20 increase the price tag on your home. Avoid being too adventurous, = however.=20 You should be aiming to please a broad audience; colours should = generally=20 be neutral and elegant. If you spend approximately $60 you should = have=20 enough to cover 32 square metres of wall with two coats of = paint. Revamp the garden. Your garden is the place to make a = great=20 first impression. A well manicured garden often adds instant = street appeal=20 to any property and may even make buyers feel like they=92ve won a = whole=20 extra room. Native plant varieties are often popular as they are = easy to=20 care for and can cost as little as $8 each. Create a tranquil bedroom. The key to achieving a calm = feel to=20 your bedroom may be to simplify and declutter. Try removing all = the=20 knick-knacks and organise the contents of your wardrobe. As the=20 centerpiece of the room, consider adding a new top sheet for your = bed to=20 subtly add style. Consider splurging on a luxury bed cover and the = result=20 may be that the whole room will feel like it=92s been = professionally=20 styled. Your kitchen. Kitchens often make or break a sale, and a = brand=20 new one may attract buyers to your home. If you don=92t have the = cash, or=20 time, to completely redo the kitchen, consider small improvements = such as=20 changing cupboard handles and bench tops as these details often = catch the=20 eye of a potential buyer. |
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St Kilda Rd Towers Forward This Newsletter Could one of these articles help a friend? Or do you know = someone=20 needing a loan in the next three to six months? Please give me a = call or=20 forward this newsletter to them. Many thanks. Click to forward to a friend Profile Red Rock Mortgages specialise in mortgage finance for property=20 Investors & Developers. Whether you're a novice or an = experienced=20 investor looking for a flexible finance solution to create wealth. = Red=20 Rock offers a mortgage to suit your needs. Our aim is to assist investors in creating wealth through = property by=20 utilising innovative and flexible mortgage finance solutions. Our boutique approach, experience and expertise means you=92ll = be able to=20 source the right finance facility to build a diverse property = portfolio.=20 We not only look at investment finance strategically, but also = understand=20 the needs and requirements for a successful property investor. Red Rock Mortgages provides you with choice & flexibility = from a=20 diverse lender panel including the major banks and other lenders. = In=20 addition our own unique range of lending products can provide you = with=20 cutting edge innovation and additional leverage where others = cannot. As investors and self employed business people we understand = the needs=20 of self employed borrowers and property investors. You can be = assured of=20 receiving expert advice and prompt assistance, with the added = comfort of=20 knowing we are both speaking the 'same language'. For professional intelligent finance advice, contact us=20 today. Book Review Frank Lowy: Pushing The Limits This book by Jill Margo is the inspiring story of the rise and = rise of=20 one of Australia=92s richest and most successful businessmen. = Frank Lowy has=20 dotted the suburbs of Australia with a $13.2 billion shopping = empire -=20 Westfield. His 30 regional centres are within a 30-minute drive of 70 per = cent of=20 Australia=92s 20 million population. Lowy is a Holocaust survivor who started out by delivering = sandwiches=20 for a Sydney deli. He made his first real estate profit = subdividing a=20 vacant lot. By 1974 he had become Australia=92s dominant shopping=20 operator. Available at all Dymocks for $32.95. Harper Collins Publishers=20 (Australia) Pty Ltd Did You Know? The risk of underinsuring This summer is likely to be one of the hottest and driest on = record,=20 making the threat of bushfires greater than ever. The Insurance Council of Australia estimates that more than 40% = of=20 households fail to correctly assess the value of their home and = contents.=20 It seems many homeowners may be unknowingly taking huge risks this = bushfire season. By underinsuring, you risk not getting enough money to cover = the cost=20 of any loss. To avoid being caught underinsured, it is wise to = have your=20 house independently assessed and valued and adjust your insurance = policy=20 accordingly. * Sources: www.smh.com.au www.ninemsn.com.au=20 www.bom.gov.au Red Rock Mortgage Group is a Full Corporate Member of the = Finance=20 Brokers Association of Australia. All members are bound by a strict code of ethics to ensure the = highest=20 levels of service, integrity and=20 professionalism. |