|
Let me check that you have the best mortgage option
available.
I work in the fastest growing arm of the massive
Financial Services Industry.
As a Mortgage Consultant I am responsible for helping
people to take what is the the largest financial commitment most of us
will make in our lifetimes.
If I can save you a dollar I feel so good, but my
ambition is to be able to save you tens of thousands of dollars on your
mortgage.
As a member of the Real Estate Gallery Team I am fully
focused on helping you obtain the home of your dreams. I know that if I
can help you obtain an extra $15,000 without increasing your monthly
repayments that I will have helped you the best way I know how.
Please give me a call any time you like and I will be
happy to come to your house or business at a time that is convenient to
you.
Regards
Danielle Negri
0425 726 419
INSIDE MORTGAGE FIRST!
Another month has finished and we are almost at the end of the
financial year already! How this year seems to be flying!! We at
Mortgage First have been thinking up ways to further service our clients
with the best loan for them and here's what we have come up with......
Our Aim is to save you up to $100
per month off your home loan!
This is subject to a free no
obligation home loan health check!
REMEMBER, THIS IS THE LAST MONTH
FOR OUR FABULOUS GIFT VOUCHER OFFER!
Receive a
$75 gift voucher to anybody who refers a
friend or relative to me for a home loan check and proceeds with a
loan. This offer is available until 30/06/2004.
GO SHOPPING ON US!!!
Don't hesitate to forward this newsletter onto friends
and family who you feel will be interested in this information!
Experience the
difference at Mortgage First!
Housing tax breaks here to stay, says Costello
Author: By Josh Gordon
Date: April 14 2004
Publication:
The Age
The Government will not be abolishing tax breaks for housing
investors, Treasurer Peter Costello said, as new figures showed
thousands of owner-occupiers and first home buyers are being squeezed
from the market by rising prices and higher interest rates. Mr Costello
yesterday dismissed reports that the Productivity Commission had
recently formed the view that negative gearing and capital gains tax
concessions for investment properties were too generous.
"Forget what the Productivity Commission is alleged or not alleged to
have said; we are the Government which cut capital gains tax for
individuals in half, and that will not change," Mr Costello told Sydney
radio. "If you borrow to go into the business of owning and renting
properties, the cost of your borrowing is deductible against your
income. Now that . . . will not be changing either."
The twin tax breaks for investors have been partially blamed for the
housing price surge that has made houses far less affordable for first
home buyers.
The negative gearing tax break allows investors in debt to reduce tax
by writing off their operating losses against their income from other
sources. Income from capital gains is taxed at only half the rate of
income earned by work.
Figures released by the Bureau of Statistics yesterday showed the
banks and their smaller rivals issued 50,692 loans to owner-occupiers in
February, 4.3 per cent less than the previous month. It was the fifth
consecutive monthly drop, with lending 17 per cent below the peak
reached in September last year. In February, first home buyers
accounted for just 12.7 per cent of total lending - a record low.
Labor has ruled out reconsidering the politically sensitive issues of
negative gearing and capital gains tax concessions for housing.
CBA Economic Update
RBA Leaves Cash at 5.25% in April.
The RBA left the cash rate at 5.25% this
morning.
The last rate rise, to 5.25%, was in
December 2003.
Are there signs that the two rate
rises (an "income" effect) are slowing activity? Yes.
There are clear signs of slowing housing
lending and moderating consumer spending.
Housing related lending is down about 19%
from its September peak for owner-occupiers.
Investor related housing lending is down
about 22% from its October peak.
More falls, possibly of 3% to 5%, are
expected in both categories for February, then a bounce in March.
Recent monthly retail trade data shows
some softening and more is likely if petrol prices rise.
What else is slowing domestic
spending?
The higher AUD will continue to weaken
AUD receipts for those exporters, mainly rural and manufacturers, who
have not had reasonable rises in USD prices.
Rising petrol prices will decrease
consumers' spending power, eg if oil prices move back above USD36/bbl.
The dissipating "wealth" effect as house
prices stabilise.
What is lifting growth?
Significant rises in USD prices for
mineral and energy commodity exports will lift growth through 2004 &
2005.
Rising share prices will help the 45% of
households with personal (outside of superannuation) share holdings
The jobs market remains firm with average
monthly gains of 15k likely.
Wages growth of 3%pa adds to the
favourable jobs growth position
What do we expect?
The message from our CBA internal
indicators (on tax flows, jobs growth and lending trends) leads us to
conclude that the rate-rise case remains intact. Or at the very least
the RBA will retain a bias to tighten for some time to come.
Nevertheless, we have to agree with the market shift in pushing back
the timing of the next move. We have shifted our call to June as a
result.
Leaving the cash rate at 5.25% was the
least risky outcome in a period when there are signs of slowing
activity.
We still expect the cash rate to peak at
5½% (the bottom end of the "neutral" range of 5.50% to 6.0%)
Important Information
This advice has been prepared without
considering your objectives, financial situation or needs, and before
acting on the advice, you should consider its appropriateness to your
circumstances.
Source: Commonwealth Bank of Australia
|
Sell
your home through me and rent this van for FREE - call Bill on
0418 891 890