Home and Investment Loans

Four Corners had a very interesting episode on last night dealing with banking practices during the GFC in particular BankWest which was formerly owned by HBOS (Bank of Scotland) click here to view

 

The behaviour of the banks collectively has directly impacted thousands of people around Australia. These people vary from small to medium size businesses, some of whose stories can be seen here, to investors in any property fund (such as Orchard) that was forced to sell assets at ridiculous prices at the height of the panic. Interestingly, these people are the same taxpayers who through Kevin Rudd provided the banks a life line and competitive position to be able to ride out the GFC storm.

 

There is currently a senate inquiry into the banking industry and its behaviour click here to view. I would suggest that those that have been effected ensure that your views and concerns are shared.

 

If you don’t do anything it is unlikely to wield any change.

Edward Mazzoni | Thursday, April 12, 2012
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An article from David James in the BRW discusses the bursting of the Australian residential property bubble. I have been discussing the “expensive” valuations of our property for sometime however the market is holding up, so far.

 

In the article Tim Lawless, research Director of RP Data, says that in the year to the end of April, the top one-fifth most expensive capital city suburbs recorded a decline of 5.4%.

 

Naturally, the parallel is then drawing to the US residential property market which is roughly 1/3 below the peak in 2006.

 

It should be noted that the mortgage debt to GDP ratio in Australia is around 87% according to The Reserve Bank of Australia. James cites the US peaked at about 75% saying that our bubble is bigger than the US.

 

I guess we still have strong employment in our economy and the question is what would happen should the “lucky” country become subject to a global slowdown lead by China thus decreasing the global demand for our resources?

Edward Mazzoni | Friday, July 01, 2011
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Advisory is back!
Why use Centre Capital versus Going to the Bank
 
First of all, what’s the difference?

A finance broker/adviser is an independent agent who acts as your representative when shopping for a mortgage loan, and who can guide you through the process, helping you get the right loan and features for your circumstances.

Approximately 40% of home loans secured in Australia have been arranged through brokers/advisers and this statistic will grow. Finance brokers and advisers are not exclusive to any particular bank or lending institution – rather are out to find you the best possible deal on your mortgage
 
What are the Benefits?

• Saves you significant time and effort sorting through the many lenders, products, structures and scenarios out there on the market
• Unbiased and independent advice to assist you along the way, as opposed to having one bank selling you its own products
• We are highly qualified, and are proud holders of a Australian Financial Services Licence and an Australian Credit Licence
• We’ll evaluate your needs and financial capabilities, including helping to establish your borrowing power, determining the equity you have in existing properties, and the most tax effective strategies
• Save you money by sourcing the best deal, structure, and at times better than market offers due to our volume and relationships with Lenders

Sure, most times you can get the same deals by heading into your bank to get a mortgage – however chances are you may be missing out on a better deal elsewhere that you wouldn’t have found without an independent Broker/Adviser.

So give our team a go, you won’t be disappointed.

Paul DeGatesbury | Monday, April 11, 2011
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