Contact Us Today
The Lending Team
| Phone: |
07 4041 3100 |
| Fax: |
07 4041 6355 |
| Mobile: |
0418 716 033 |
Shop 1
12-14 Lake St
Cairns QLD 4870
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Choose an MFAA Member
We're a member of the Mortgage & Finance Association of Australia (MFAA), the peak professional body representing over 12,000 mortgage and finance professionals and organisations around Australia. To join this body we had to meet a strict set of criteria and to maintain our accreditation annually we are required to keep abreast of industry changes and trends and keep our skills and knowledge up-to-date.
As a member, we adhere to the industry Code of Practice which requires high standards, fair business practices, ethical behaviour and compliance with the letter and the spirit of relevant laws and regulations - all in the interest of you, the borrower.
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Welcome to our latest newsletter,
We would like to introduce Rob Soutar, the newest member of the team who heads up Cairns Car Loans. That's right, we now have a dedicated point of contact to assist those looking for car finance or equipment finance whether it be for work or play, give Rob a call on 07 4041 1997 or 0427 769 323.
Check out www.cairnscarloans.com.au
Also we'd like to take this opportunity to confirm that in last Tuesday's budget, extensions to the First Home Owners Grant "Boost" were confirmed. The boost will continue at $14,000 for established homes or $21,000 for new/construction for all contracts signed by the 31st September 2009. The boost will then phase out at $10,500 for established homes, and $14,000 for new/construction for all contracts signed between 1st October and 31st December 2009. Thereafter the standard First Home Owners Grant of $7,000 will apply for either new or old properties. If you have any queries please do not hesitate to contact us for further clarification.
In this exciting issue we cover:
- Economy Scores Top Marks - a look at how Australia is performing
- Lending Criteria Tightened - the ever-changing borrowing landscape
- Housing Market Grows - buying a house only looks more tempting
Please be in contact if you wish to discuss these or other mortgage matters in more detail. Whether you are investing, refinancing or borrowing, we can provide advice and expertise to help you secure a suitable funding arrangement.
Feel free to pass this e-newsletter on to family and friends, and let us know if there are any other topics you wish to see covered in future editions.
Kindest Regards from the team.
Economy Scores Top Marks
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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". |
Lending Criteria Tightened
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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. |
Housing Market Grows
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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. |
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