Finance Broker Australia

Once again a finance broking company is contacted by a company claiming to be an agent of a property developer company who has apparently purchased the unfinished or unsold developments from the stock of collapsed developer Estate Property Group with demands to remove all content from their website in relationship to, this time, the kingfisher grove development.

Ability Finance brokers had an arrangement with a property developer where they carried general information about the property developers available properties on the Ability Finance websites at no cost to the developer.

Free advertising for the property developer and excellent information for visitors to the Ability Finance brokers website.

Interest Rates

The highlight news this week was that the Reserve Bank of Australia board voted on Tuesday to not increase the cash rate. The next RBA board meeting is on Tuesday June 3rd 2008.

There have been other minor adjustments to home loan interest rates from various lenders with some home loan interest rates decreasing while other lenders interest rates actually increased.

Leasing

We are getting many calls from people living in Australia who are earning Australian dollars only, enquiring about refinancing their home loans into foreign currency.

Let us theorise for a few moments with some quick, rough and ready math based on US dollar exchange rate history. This is simply just some very broad concepts to consider before spending too much time calling around enquiring about this type of venture.

By the way Ability Finance brokers are not involved in foreign currency loans for Australian residents who are soley earning Australian dollars.

Well there may be not much of a recommendation for a bank if a broker accredited with that bank who is also a longstanding customer cannot get satisfactory service.

With several additional options of accessing the bank available which may not be available to regular customers I surely empathise with members of the general public who are not receiving an expected level of service from their bank.

I had a conversation last night with a first home buyer who is shopping around for a home loan.

The question was asked several times by this potential customer, “what is your best interest rate?”

It is understandable that many people looking for their first home loan or looking around to refinance focus on the interest rate alone.

With all the attention interest rates are receiving in the popular media of late it would appear there is nothing else to consider when choosing a home loan.

House prices are headed for a fall according to a news.com.au article which claims Sydney house prices could fall by as much as 30 per cent in the next two years, economists say.

On the other hand a media release from forecaster BIS Shrapnel is predicting growth over the coming years for inner city apartments in Sydney.