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Hello,
How often have you wished for more hours in the day to achieve enough time for work, family and play?
Its a common wish that we address in our article Racing the Clock, in article 4. Using a mortgage broker is one valuable way to help you save time on obtaining and securing a loan, by letting us do the leg work for you.
The mortgage broker industry is set to receive a well-earned boost to its credibility with the introduction of National Consumer Credit Protection legislation and responsible lending laws, see article 3.
Also included in this issue, more positive news on property investment (below article) and an article 2 feature on the average Australian home crowned as the biggest in the world.
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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Investment Heats Up
One in seven taxpayers now own at least one investment property, a figure that is expected to rise as property investors return in force to the market.
The most recent taxation statistics from the Australian Tax Office has shown that negatively geared property generated losses of more than $8.6 billion, a 35 per cent surge that saved property investors some $4 billion in tax over the 2007-08 year.
Read More >>
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Super-sized Homes
It seems big is better when it comes to the Australian home, which now super-sizes all other countries in the world. Averaging 215 square metres, the Australian home is now 7 per cent bigger than homes in the US, double the size of those in Europe and triple the size of those in the UK.Data recently released by the Australian Bureau of Statistics shows the floor area of freestanding houses (a measure of the useable space) has also reached a record high at 248 square metres, making Australian houses 10 per cent larger than a decade ago.
Read More >>
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New Lending Laws
New national licensing laws are being introduced to improve standards across the credit industry and give consumers protection against unscrupulous operators.Under the drafted regulations, there will be a single, national regime for regulating consumer credit - including home loans, car loans, credit cards and retail lending. Anyone engaged in credit advice on home loans will have to obtain a license from the Australian Securities and Investment Commission (ASIC) or be appointed as a representative of a license holder, otherwise they will not be allowed to operate.
Read More >>
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Racing the Clock
How many times have you found yourself racing the clock to complete something or wishing there were more hours in the day?Unfortunately, one of the drawbacks of a busy lifestyle is that there is usually something pressing to be done, and a lack of time in which to do it. While you can't do anything to make your days longer, you can make them pass more easily by treating your time as a resource, and planning how and when you can best spend it.
Read More >>
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Our Partners
Did you know? We can now handle all your conveyancing needs in-house through our fully licensed subsidiary, Citiwide Conveyancing Network (Licence No: 000553L)
If you're considering buying or selling a property, please call Noni Jean on 0418 338 447 for some great advice.
Our service is available 7 days a week.
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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 2010.
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