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Hello,
With so much talk of a recession you might think thered be no good news stories to report, but surprisingly the Australian economy and property market are not all cause for despair.
In fact our economy is in better shape than most others in the developed world and there is hope the global crisis wont have the same bite here. That we havent gone down the path of our American counterparts has been largely thanks to Australias conservative lending standards, which - as our article 2 outlines - have just become even tougher.
On page three we look at the housing market and the growing opportunities it offers to both first home buyers and investors.
Our last article is a reminder of tax time approaching - have your receipts ready!
Enjoy this newsletter and feel free to pass it on to 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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Economy Scores Top Marks
It's not just swimming and cricket that Australia does well at, it seems our economy scores top marks against the rest of the world.
According to the Reserve Bank, the Australian economy is in "better shape than most" and "will remain one of the better performing economies in the developed world".
Read More >>
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Lending Criteria Tightened
Last year you could take out a home loan without so much as a deposit. This year you need money in the bank and a good credit history at your disposal.
The financial crisis has seen mortgages with Loan-to-Valuation Ratios (LVRs) of 100 per cent withdrawn by banks and building societies across the developed world, with Australia more recently following suit.
Read More >>
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Housing Market Grows
If there's a good news story to come out of the gloom of a recession, it's that Australia's property market may no longer be under the hammer.
Record low interest rates and the First Home buyers boost have done their job in re-energising the market, with strong signs that people are once again confident about buying property.
Read More >>
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Tax Time
With June 30 fast approaching, it pays to start getting your paperwork in order for tax time.
You might dread the prospect of sorting through old bank statements and boxes full of receipts but if you can achieve a decent tax refund then it is time well spent!
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 1-StopShop 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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