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Wondering what to do with your mortgage ? We thought you might appreciate some clarity around the recent interest rate increases. A number of media commentators have correctly talked about the rising cost of funds that our banks are experiencing. However, some commentators have also said that these increases are likely to be offset by RBA cuts to the official cash rate. This seems a bit like wishful thinking. As you can see below, the ASX futures market indicates that the next move for the cash rate (in around 12 months) will be up. If you are currently wondering what to do with your mortgage, please give me a call. There are lots of factors to consider when it comes to locking in fixed rates.

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Christmas is Over. Santa had too much fun. It might be time to get serious about your finances. Contact me today!

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We are wondering what this year 2017 will bring in terms of property prices. Fortunately, Core Logic have given us some insights. A recently completed survey of almost 2500 people shows us what buyers and sellers are thinking. Melbourne, in particular, makes for interesting reading. Sellers are having a good time, with 70% thinking that now is a good time to sell. Despite this high level of "seller confidence", John McGrath has pointed out that property listings in Melbourne have dropped by around 30%. Apparently, people are worried about selling because they don't want to be left out of this growing market. Part of the reason for this seller confidence is that 61% of buyers still think it is a good time to get into the market. Although, it must be pointed out that buyer confidence has dropped over the last 12 months. It is also interesting to note that 73% of Other Vic buyers think that now is a good time to buy, making them more optimistic than their Melbourne cousins. Perth tells a very different story. Prices remain subdued despite 80% of respondents thinking that now would be a good time to buy. Perhaps this demand is dependent on low prices as only 20% of sellers believe it is a good time to sell. This survey also asked the respondents to predict the future direction of interest rates. The results are telling. 36% of people expect rates to lift over the next 12 months. As always, I am available to talk through your plans if you wish. Please don't hesitate to contact me.

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The Property Clock

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Want to splash out on a pool this summer ? Not sure where to start ? I can help you find the right finance for your need. Contact me for more details.

Photos from Smartline Mortgage Advisor Pra's post

Photos from Smartline Mortgage Advisor Pra's post

Support our own local Hornsby Nepalese Football Club ( HNFC )

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Summer is more fun on the water. Why not let me do the paperwork? I can help you find the right loan. Ask me how.

Interest Rate- Where to from here? Last week showed us something we haven't seen for quite a long time. A few of our lenders lifted their fixed and variable interest rates. The question we would all like answered is where rates are going to head from here? Many of our lenders have been talking about margin squeeze, which is often code for a desire to lift interest rates. There is also a big shift going on at the ASX Futures market. As you can see below, the market is no longer pricing in a RBA Cash rate cut. In fact, there is a medium term chance of a lift. This could signal future variable rate increases. If it suits your overall needs, fixing your rates may be worth considering. Please send me message if you think you may want to fix some or all of your home loan and I can assess the options for you.

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