Archive for Interest Rates

Spring is here…… Time to sell!

Don’t be the last! Be the first one to put your house on the market so buyers will flock to it!

I cannot explain why… but I feel something in the air…

Buyers are coming out of my ears and I don’t have a lot to offer. I have been short of properties for the last 2 Month which was okay because the buyers were quiet.

But Now? Something is happening.

Maybe the buyers realised that this is a buyers market. Plus it looks like interest rates are going to stay the same for a while  (except your investment property will have a hike from now on). Don’t ask me why,  I can’t understand or explain why, I can only imagine that the Government is trying to stop the Sydney boom.

Prices are lower? Yes! I don’t deny that! But there are great buys out there. You must make a move now, we don’t know how long will it last.

I am short of properties and I am looking for Sellers and what a better time of year to showcase your property than in the beautiful spring weather.

Please call me on 0416 188 752.

RBA Announcement – June 2015

The Reserve Bank of Australia has made the decision to leave the cash rate on hold at 2.0% for June 2015.

As predicted by the majority of leading economists, the Reserve Bank of Australia has made the decision to leave the cash rate on hold at 2.0% for June 2015.

This decision follows rate cuts in February and May this year which have lowered the cash rate to an all-time low for Australia.

The decision follows pressure on the Reserve Bank to help boost economic growth whilst also keeping house prices in Sydney and Melbourne under control.

With the cash rate at an all-time low, and interest rates also extremely low, now is the time to review your home loan to make sure you are using the most suitable financial solution for your personal circumstances.

Do you believe in Real Estate as an Investment with the new Interest Rate low?

At its meeting on 3 February 2015, the Board of the Reserve Bank of Australia decided to lower the cash rate by 25 basis points to 2.25 per cent, effective 4 February 2015 which is a new 60 year low.

TWO of the Big Four banks, Commonwealth Bank and Westpac have already cut their rates as well as smaller banks such as Bank of Queensland, ING Direct and ME Bank all cutting the full 25 basis points following the RBA’s move.

The pressure is now on for the other two big banks, ANZ and NAB, to pass on the full rate to its customers. ANZ said it will announce a decision by Friday 6th February.

What does this mean to you? Will you look at getting a loan to purchase a property and lock in these lower interest rates? Is now the perfect time to purchase new equipment for your business?

Perhaps now you can look at selling your current property and look at upgrading?

NOW is when you need to take advantage!

Are you paying high rates on your mortgage? Talk to my Guru and save buckets of money!

Every time I learn something new I do some research on it and when I am sure of all the facts I like to share my knowledge and help everyone.

I am a slow learner… Even though I buy investment properties, I had always trusted someone else to look after me with my mortgage rates as I was too busy selling real estate… until not too long ago!

Just by accident, speaking with someone about rates I discovered that I could go directly to my bank and ask them “what can you do about dropping the interest rate that I am currently paying” And guess what? They did!

After more research I found out that I could ask my bank if they could drop to 4,65% as another “mob” was offering me that rate  and guess what? Yep, they did! Gosh! That was amazing!

So I told a friend of mine to do the same with her bank but her bank was not able to offer what mine did for me. Even when she asked them how much it will cost to discharge her mortgage so she could go elsewhere, her mortgage officer did not try to retain her by offering a better rate.

I cannot assure you that you can get 4.65% rate or better but I can direct you to the right person to find out how much you can be offered.

It will cost you nothing to ask. Its never too late! I learned now, still in time to get the benefit of what I learnt.

Call me and I will redirect you to my “Guru” to help you to save “buckets of money” like me!

Financing for better rates. Is it possible?

I have been selling real estate for a long time now and sometimes I advise my clients to go to a Broker to get their finance when they have not approached anyone else.

Talking to a lot of people I have found out that they just accept whatever the Banks are offering and also discovered that many of them are not aware that you can ask for discounts on the rates they are offered.

I came across a fantastic contact that has offered me and my clients an opportunity to get better rates that are being offered.

So if you are interested in having a chat let me know.

Rates on hold because of the upcoming election? That would be my guess…

The Reserve Bank of Australia has left the interest rates at a record 2.5 pc low with rates cut eight times since November 2011 in a bid to ease the transition to a less mining-dependent economy and prevent too much of a surge in unemployment.

It is my opinion that the rates were left on hold because of the upcoming federal election with voting this Saturday 7th August. So don’t forget to head down to your local voting centre and make your vote count on election day!

Polling places near Sorrento WA 6020

  • Sacred Heart College (Moore)Hocking Parade, SORRENTO
  • Sorrento Primary School (Moore)Elfreda Ave, SORRENTO
  • Hillarys Primary School (Moore)Lymburner Dr, HILLARYS
  • South Padbury Primary School (Moore)Warburton Ave, PADBURY
  • Marmion Primary School (Moore)Cliverton Ct, MARMION
  • Duncraig Primary School (Moore)Roche Rd, DUNCRAIG
  • Padbury Primary School (Moore)MacDonald Ave, PADBURY
  • St Marks Anglican Community School (Moore)St Mark’s Dr, HILLARYS
  • Poynter Primary School (Moore)39 Poynter Dr DUNCRAIG, DUNCRAIG
  • Glengarry Primary School (Moore)Doveridge Rd, DUNCRAIG

Not in Sorrento and need to find a polling place near you? Head to the Australian Electoral Commission website and just put in your suburb to find out where you can go.

May the best party win!

Interest Rates cut again with a brand new record low!

After much speculation, the Reserve Bank have decided to cut the cash rate to a historic low of 2.5% in their August board meeting. This drop of 25 basis points is the first since the most recent cut in May, where the rate was taken to 2.75%, its lowest level in 53 years.

The financial year may be well and truly under way, but rates are still exceptionally low, so it’s not too late to check that you’ve got the right home loan for you. The RBA decision today may have taken the rate to unseen lows, but regardless of this, you might still be paying more than necessary. By finding a better deal, you could effectively be organising a rate cut of your own.

Maybe this is the perfect time for you to make an appointment with your finance broker to review your home loan!

RBA alert Rates to stay on hold

The Reserve Bank of Australia has decided to keep the cash rate ON-HOLD today in their monthly meeting – meaning that home owners will have to face another month of interest rates at their current levels.

This time last year the rates were at 3.5% which puts the current rate now at an historic low.

The Australian dollar dropped after the announcement, and is buying 91.9 US cents and is a huge difference as you can see from the table below showing that in the past year it has dropped from from a high of 1.05 US cents.

What effect do you think will happen to the Australian Economy or even on your own personal economy , I’d love to hear what my readers think about it?

Sorrento Living US Dollar Exchange Rate

Growing old gracefully and putting things into perspective means working with less pressure to pay bills

I have been in Real Estate  over half of my life and I am still very active and probably will be going until I am 90. I want to be number one in something so I will have a chance to be the number one oldest Real Estate Agent in the world. He…he….he…

But I am also thinking of getting an income from my rental properties and at my age it is time to do some housekeeping in order to achieve my goal.

This is what I have been telling everyone: IT IS TIME TO SELL. Just recently I have taken my own advice and have just sold one of my investment properties so I can pay others off and reduce the mortgages and start to have a rental income.

I do not recommend that young people to do it. Only the “oldies” like me. The best way is to owe the Banks $1.5 to $2 million until you are around 55 years of age then you start to sell and pay off some mortgage. You have then created your wealth.

The way the real estate market is now is fantastic to do the 2 most important thing in Real Estate:


Interest rates may drop again this month or will continue to be on hold  for a while  but you still can BUY and enjoy paying a low percentage and higher rental income to cover your mortgage.

Shortage of properties in the market and tons of buyers everywhere, it is time to SELL!

Even though I have just SOLD one I am in the market to look for something special to BUY because as you know I am not ready to retire….. yet!

Call me now for an appraisal so you too can grow old gracefully!

Interest rates below 3 per cent since it began setting monetary policies in 1990

In an attempt to counter slowing growth in the country’s mining sector, the Reserve Bank of Australia announced a decision to lower the cash rate by 25 basis points, effective 8 May 2013.

With a record low of 2.75%  the NAB was the first of the big four banks to lower its standard variable home loans. It cut the rate by 25 basis points to 6.13 per cent per annum.

Commonwealth Bank also passed on the full rate cut this afternoon, lowering its standard variable home loan rate to 6.15 per cent with effect from May 13.

Westpac lowered its rates just before 5pm today, bringing its standard variable mortgage rate down by 25 basis points to 6.26 per cent, with effect from May 20.

After NAB and CommBank’s moves to pass on the 0.25 basis point cut in full, Westpac said they had put their interest rates under review. ANZ Bank will make a decision on interest rates on Friday as part of its regular review.

The cut would be welcomed by families and by small businesses and would provide a boost to other areas of the economy and help sustain long-term growth.

The real estate market from “my Opinion” and why now is the best time to sell

The WA Economy is showing that it is currently in great shape, especially with the interest rates being low, there are buyers around everywhere which is now causing a shortage of homes on the market and it is showing that the consumers are a lot more confident in today’s market.

I don’t know how long this will last but I feel that the market is “dangerously hot” right now and with the premium prices I am currently getting for the properties I am selling, now is the time to get your property on the market for sale.

The properties I am placing on the market are selling so quickly, either after the first home open or even before I can open it. Which means that I have buyers waiting in the wings, ready to buy now.

Maybe you know someone or if you have been considering selling your home and you would like to sit down and have a chat about where your home would sit in today’s market please call me now, I would love to help.

I am ready to help and available to answer any questions you may have.

Call me now!