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Rams Trumps Major Banks

October 22, 2008 in Latest News

Several lenders have embarked on an aggressive campaign to become more competitive in the Home Loan market by further reducing their Standard Variable Interest Rates. These rate cuts range from 0.20%p.a. – 0.25%p.a. & are in addition to the recent 0.8%p.a. – 0.9% p.a. reduction received following the Reserve Bank’s 1%p.a. rate cut announced in early October 2008. Read more

First Home Owner’s Grant increased

October 14, 2008 in Latest News

First Home Owners Grant increased up to$21,000.00Prime Minister Kevin Rudd announced today that the First Home Owner’s Grant would be increased from the current level of $7,000.00 to: Read more

Tips on surviving the financial storm

October 8, 2008 in Latest News

Don’t Panic: Tips on surviving the financial storm.

Shake your partner vigorously by the shoulders and scream: “For Gordon Gekko’s sake, don’t panic!”That’s step one to riding out the current global financial storm.Here are a few more practical suggestions culled from what the experts are saying: Read more

RBA Cuts Interest Rates by 1% p.a.

October 7, 2008 in Latest News, Rate Cuts

The Reserve Bank announced today a 100 basis point (1% p.a.)cut to the official cash rate.

The Federal Treasurer (Wayne Swan) has warned borrowers not to expect the Banks to pass on the full 1% p.a. interest rate cut due to the increase in the “Cost of Funds” on the international markets.

Westpac, CBA, ANZ and NAB have reacted swiftly to the RBA’s decision announcing the banks would pass on a 0.80% p.a. interest rate cut to their customers, whilst Rams has trumped the banks by announcing Rams customers would receive a 0.90% p.a. interest rate cut. Read more

Stamp Duty Savings in Queensland

September 28, 2008 in Latest News

Great savings on Stamp Duty & Mortgage Duty for QLD home buyers.

Letter from the Queensland Treasurer – Hon. Andrew Fraser MP (Member for Mount Coot-tha) dated 3 June 2008  

Stamp Duty Wiped out for First Home Buyers in Fraser Budget  

Stamp Duty will be slashed and Mortgage Duty scrapped to give more Queenslanders greater access to the housing market – and provide savings of almost $10,000 for anyone purchasing their first house for $500,000 or less.   Read more

Soft landing tipped for residential property

September 25, 2008 in Latest News

Australian property fell further in August, but a widespread collapse in property prices is not on the cards, according to Residex. Data for August released by Residex yesterday showed the average Australian house value fell by 1.3 per cent over the three months to August; units rose in value by 1.4 per cent.  Read more

Australian financial system weathers credit crisis: RBA

September 21, 2008 in Latest News

The Australian financial system remains largely shielded from the international turmoil that has battered others around the world, the Reserve Bank’s financial stability review concluded today. Read more

RBA reduces interest rates by 0.25% p.a.

September 8, 2008 in Latest News, Rate Cuts

RBA reduced Interest Rates by 0.25% p.a.

Tuesday 2nd September 2008 – The Reserve Bank announced a 0.25%p.a. reduction in the official cash rate.  This is the first official interest rate reduction in 7 years & is a welcomed respite from the current high cost of living .

Several Banks / Lenders have acted quickly to confirm that they will reduce their Home Loan Interest Rates by up to 0.30%p.a. Read more

Finding the right loan

April 27, 2008 in Latest News

Finding the right loan to suit your individual circumstances can be a  very long and frustrating experience. There are so many different loans to choose from with so many potential pitfalls which can cost many of your hard earned dollars if you “get it wrong”. Read more