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Hello,
If ever there was such potential for the property market, its now! With falling interest rates, generous first home owner grants, deposit saver incentives, strong demand coming off the back of a general decline in property values, conditions appear stacked in favour of the buyer.
We begin our newsletter with details of the $14,000 upfront injection the Federal Government has made into the First Home Buyers market. When combined with existing state government grants, it marks a significant increase to a deposit for a first home.
The First Home Buyer Boost is part of a broader economic stimulus strategy, which we cover in the articles 'Spreading Economic Cheer and 'Non Banks Funding Boost.
We follow this up with an article on the pressures of lending money to family and how to protect yourself emotionally and financially.
Enjoy this newsletter and feel free to share it with family and friends.
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333 Queensberry Street
North Melbourne VIC 3051| Tel: | 1300 732 630 | | Mob: | 0411 461 197 | | Fax: | (03) 9326 6305 |
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Home Buyers Come First
Starting the New Year in a new home has become a happy reality for many Australians, thanks to the Federal Government's First Home Buyer Boost.
Effective from October 2008, the First Home Owner Grant has now been doubled to $14,000 for first home owners who purchase an established home. For those who build a new home or buy a newly constructed home, there has been a tripling of the existing grant, taking it to a whopping $21,000.
Read More >>
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Spreading Economic Cheer
If a strong economy was on your Christmas wish list, let's hope the recent Federal Government's economic stimulus package does its work.
Designed to provide practical support for pensioners, families and first home buyers, the $10.4 billion package is also expected to boost growth in the domestic economy.
Read More >>
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Non-Banks Funding Boost
A recent government injection of $8 billion into the mortgage market has strengthened the position of non-bank lenders.
For you and I this means improved competition and the promise of more choice in home loan rates and products.
Read More >>
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For Love or Money
Steve Willey had run his own cafe for a number of years when he started having trouble paying the bills.
He asked his parents, Jan and Michael, to sign a mortgage over their family home to provide him with a bank overdraft. Within a year Steve's business had gone under and the bank sold the parent's home to recoup their investment.
Read More >>
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Our Partners
Citiwide is a Full Member of the Mortgage & Finance Association of Australia (MFAA), the peak body for mortgage intermediaries in Australia.
We comply with the Association's code of conduct, which is binding on its members.
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About Us
Patrick is the founding Director of Citiwide, the 1StopShop convenience for your Loan, Conveyancing and Insurance needs. Citiwide was established in 1988.
With 20 years experience in the industry, Citiwide's team of expert Finance Consultants can confidently find and organise the loan that is best suited to you.
Citiwide is accredited with over 20 banks and lending institutions and the service is totally FREE.
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Disclaimer: This newsletter is intended to provide general news and information only. Readers should rely on their own enquiries before making any decisions regarding their own interests. Please do not rely on any part of this newsletter as a substitute for specific legal or financial advice. All material is copyright 2009.
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