This Issue

Rents on the Up & Up
Economy on the Mend
The Year Ahead

Contact Us Today

The Lending Team

Phone:	07 4041 3100
Fax:	07 4041 6355
Mobile:	0418 716 033

Shop 1
12-14 Lake St
Cairns QLD 4870

Your Options

- Click here to send email
- Click here to visit website
- Forward to a friend
- Print newsletter

Choose an MFAA Member

We're a member of the Mortgage & Finance Association of Australia (MFAA), the peak professional body representing over 12,000 mortgage and finance professionals and organisations around Australia. To join this body we had to meet a strict set of criteria and to maintain our accreditation annually we are required to keep abreast of industry changes and trends and keep our skills and knowledge up-to-date.

As a member, we adhere to the industry Code of Practice which requires high standards, fair business practices, ethical behaviour and compliance with the letter and the spirit of relevant laws and regulations - all in the interest of you, the borrower.

Welcome to 2010
We have officially entered a credit cycle in lending rather than a sales cycle that we have experienced over the last 7 years. What does this mean?

We are seeing lending tightening up, and large variances in the different banks we are using. For example, Where one bank may require 15% deposit, another requires just 5%. Where one bank will lend you $300k, another will lend you $400k. Without our knowledge, you can easily get a decline that you simply don't deserve.! There has never been a more important time to use the services of professional mortgage brokers.
We believe 2010 will provide plenty of opportunity, as always the team are here to assist you and provide guidance should you need.

Liz from our Port Home Loans office is now in Sydney and the new Liz is Simon Cody who is now in chair in Port Douglas

Feel free to pass this e-newsletter on to family and friends, and let me know if there are any other topics you wish to see covered in future editions

Rents on the Up & Up

Property investors can hit the ground running in 2010 with the news that rents are predicted to keep rising around the nation.

Economic forecaster, BIS Shrapnel, is anticipating rental growth to increase by an average of 5.8 per cent a year over the next three years. This increase would result in landlords pocketing an extra $1.9 billion in rents between 2010 and 2012.

Economy on the Mend

If we could place bets on interest rate movements, the odds would be firmly stacked in favour of more rate rises over the coming year.

Of course we can't take bets, but we can tell you what the experts are predicting. A recent survey of 17 economists by Australian Associated Press found that all believed interest rates would now keep moving upward, spelling the end of near 50-year lows. The survey's median forecast for where Reserve Bank interest rates will be sitting mid 2010 was 4.25 per cent.

The Year Ahead

George Eliot's inspirational quote 'It's never too late to be what you might have become' is a great way to start off your new year in the right frame of mind.

Regardless of what type of year 2009 has been, the dawn of 2010 represents a perfect opportunity for each of us to make a fresh start, repair on our mistakes and build on our success.