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April 2014

Sydney April Property Report

The past twelve months to March have been good to Australian property values with every state capital increasing in price. Sydney has been the standout increasing by 14.1% for the past year. The capital city average is 10.6 % but Melbourne (11.6%) was the only other city greater. Sydney (4.4%) was one of only three cities to record a better than 4% growth for the past three months behind Melbourne (5.4%) and Hobart (4.7%) but above the average of 3.5%. Sydney is only one of four capital cities whose property values are still higher than its previous peak. Currently it …

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2014 WA Best Independent Office

Both Finance Detective and House and Home Loans were honoured to have been jointly awarded the 2014 WA Best Independent Office at the recent Better Business Summit held at Crown Perth. This category assessed loan settlement and loan book performance of both the individual brokers and collective office. Individual and collective conversion rates, submission quality and customer servicing capabilities were also be evaluated as part of this award. We view this as a reflection of the quality of service we provide to our customers and our ability to achieve finance. We pride ourselves on our ability to do the best for …

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Perth April Property Report

The past twelve months to March have been good to Australian property values with every state capital increasing in price. The capital city average has risen to 10.6% on the back of Sydney (15.6%) and Melbourne (11.6%) strong property market. Although Perth (4.7%) was lower, Brisbane (4.8%) was the only other city ahead of it. However, Perth recorded a -0.6% drop in values for the quarter while Melbourne (5.4%), Hobart (4.7%) and Sydney (4.4%) were the only cities to have a value growth of more than 4% for the past three months. Despite a slow quarter Perth (2.3%) is one …

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Cross Collateralisation vs Standalone: What is the best option?

Neither involve the transaction of physical cash but instead use equity from existing portfolios. Cross collateralisation Cross collateralisation is the term used to describe when two or more properties are used to secure another loan by the same lender. When you have loans cross collateralised, the lender in question is securing the aggregate of all your borrowings with the total of all your security. However there are some negatives associated: Loss of control If one of the properties is sold it is the lenders decision how the funds are used, not the investor. Often they will use the proceeds to …

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Why work with a financial planner

Working out what the best option is for your money can be a stressful and daunting decision. You may benefit from professional and objective advice to head you in the right direction.  A financial planner creates a detailed strategy to not only keep you financially secure but help reach your goals. Using their state of the art advice tools, experience and exclusive information sources they develop a plan that will maximise your returns. Depending on what you are investing in there may be a range of products for you to choose from. A planner has the negotiating skills and market …

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April Monetary Policy Decision

At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. Growth in the global economy was a bit below trend in 2013, but there are reasonable prospects of a pick-up this year. The United States economy, while affected by adverse weather, continues its expansion and the euro area has begun a recovery from recession, albeit a fragile one. Japan has recorded a significant pick-up in growth. China’s growth remains generally in line with policymakers’ objectives, though it may have slowed a little in early 2014. Commodity prices have declined from their peaks but …

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