Newsletter - July 2015

August 05, 2015
Vicki Wisely

Renee Polden
Mortgage Choice in Robina
5562 0748 or 0439 779 513
renee.polden@mortgagechoice.com.au
www.mortgagechoice.com.au/renee.polden
 
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Rates on hold as RBA keeps a close eye on international issues

Strong property price growth in Sydney and Melbourne combined with growing problems abroad has encouraged the Reserve Bank of Australia to leave the cash rate on hold. 

At today’s Board meeting, the RBA decided to err on the side of caution and leave the cash rate on hold at 2% for the second consecutive month. 

Recent research conducted by RP Data shows property values rose significantly in both Sydney and Melbourne throughout the month of June, with prices rising by 2.8% and 2.9% respectively. 

If rates were cut, property prices could climb even further – something the Reserve Bank is keen to avoid. As such, it makes sense for them to leave rates on hold for the time being. 

Further, the ongoing turmoil in Greece has caused the Australian share market and dollar to plummet, giving the RBA even more reason to leave the cash rate untouched.
 

Read more:
Reserve Bank of Australia - Media Release
 
 
Complimentary Discussion with our Financial Advisor  

Did you know our office offers financial planning services?
As your loan is both a significant financial commitment and a strong financial foundation, we'll cover the cost of a discussion with our financial advisor to help you build your wealth and protect your assets. 
Our team's financial advisors, Shaylan Ramnath and Jay Fleming bring over 12 years experience in Financial Planning services.
Call our office today on 07 5562 0748 or email vicki@mortgagechoice.com.au to make an appointment to meet with them to discuss your future.
 

Read more:

Mortgage Choice - Financial Planning

 
 
 
Money Chat Videos - Financial Planning
 
Last month, I mentioned we would be releasing Mortgage Choice Money Chat.  This is a series of short videos designed to answer commonly asked questions.
This month we have released the Financial Planning videos, which will provide you with the answers to questions such as:
  • ‘What is a financial plan?’  
  • ‘What are the different types of insurance?’ 
  • ‘What's so special about super?’

To watch these and more click the following link to our YouTube channel
Mortgage Choice - YouTube Channel

 
 
 
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Have Your Say on Housing Affordability in Australia

Recent data from the International Monetary Fund found Australia is the third most expensive place in the world to buy a house, making housing affordability a real and growing issue in this country.  

At Mortgage Choice, we support anything that seeks to address some of the key issues affecting many Australians, like housing affordability. To further understand this issue, we'd like to hear your thoughts.
Click on the link below to Have Your Say on Housing Affordability.

Have Your Say Here:  Have Your Say - Housing Affordability

While there are many locations that are beyond the reach of the average purchaser, Realestate.com.au has an interesting article on suburbs that are cheaper to buy in than rent.  We would be interested to hear your thoughts on the locations mentioned given that one is Burleigh Waters and the other 2 Queensland locations are conveniently close by.


http://www.realestate.com.au/blog/suburbs-cheaper-to-buy-than-rent/#QLD

 

 
Connect with Mortgage Choice in Robina

We want to assist you to achieve your financial goals by providing information in all things finance, property and investing (and maybe also a few other slightly off topic articles or facts that we think you might find interesting).
 
So please join us in the world of social media by following us on
 
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Read our latest blogs: 

 
 
 
 
What does a Mortgage Broker do?
 
We take the time and hassle out of shopping around for the right loan,
with expert advice at no cost to you.

Call your local mortgage broker, Renee Polden
 (07) 5562 0748 or 0439 779 513
or visit us at Shop 27, Easy T Centre, 514 Christine Avenue, Robina.
 
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Posted in: News

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Mortgage Choice

At Mortgage Choice, we're about helping people make better choices with their finances because we believe that making better choices leads to a better life. We do this via a national network of franchisees, including professional mortgage brokers and financial advisers. They are committed to empowering customers by sharing their expertise and offering solutions that are personalised to customers' individual circumstances.

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Disclaimer

The information provided on this website is for general education purposes only and is not intended to constitute specialist or personal advice. This website has been prepared without taking into account your objectives, financial situation or needs. Because of this, you should consider the appropriateness of the advice to your own situation and needs before taking any action. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. If any financial product has been mentioned, you should obtain and read a copy of the relevant Product Disclosure Statement and consider the information contained within that Statement with regard to your personal circumstances, before making any decision about whether to acquire the product. You can obtain a copy of the PDS by emailing homeloans@mortgagechoice.com.au or by calling 13 77 62.
*Note: the home loan with the lowest current interest rate is not necessarily the most suitable for your circumstances, you may not qualify for that particular product, and not all products are available in all states and territories.
#The comparison rate provided is based on a loan amount of $150,000 and a term of 25 years. WARNING: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.
~Not all brokers or advisers offer the products of all lenders or solution providers.