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  • Expect more rate rises from banks: PIMCO « Formula 1 Finance Formula 1 Finance
    April making it more expensive for the big four banks to roll over 78 billion due for re financing in the next 12 months especially as they continue lengthening the maturity of each debt issue Tougher capital and liquidity reforms in 2011 will make this practice more expensive and banks would likely pass this cost on to borrowers CLSA said Mr Geddes said the debt burdens of foreign governments had pushed sovereign debt risks and the cost of capital higher The debt to GDP for the US means its interest payments in absolute terms are back to where it was in the 1980s So there are potential dislocation issues if interest rates start going up Mr Geddes said Mr Geddes and Fat Prophets financial services analyst Colin Whitehead said Australia s cash rate could touch 10 per cent in several years driven by the effect of inflation as northern hemisphere governments continue to print money But it will be a number of years in the making because the patient is still on life support and monetary tightening cannot occur until they rebuild the strength in the economies Mr Whitehead said Governments will be forced to tighten just through inflationary pressures Bond investors will demand more return via higher yields he said However Mr Mead said the long term prospect of rising inflation offshore would not have a direct impact on Australia s interest rates Eventually and this could be five plus years away different parts of the world could face some increasing inflation From the Australian point of view that shouldn t have a direct impact here PIMCO has US1 1 trillion 1 25 trillion in assets under management and on Tuesday said it had withdrawn funds from European debt in recent months and injected the money into the world

    Original URL path: http://www.formula1finance.com.au/finance-news/expect-more-rate-rises-from-banks-pimco/ (2014-01-05)
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  • Specialist borrower defaults spike « Formula 1 Finance Formula 1 Finance
    a recent report by Moody s Investors Services 13 per cent of non conforming borrowers are in arrears on their repayments up from 12 1 per cent last quarter despite a drop in unemployment and signs that the domestic economy is improving The rise in the number of troubled mortgages will cause the big four to rethink their decision to lower provisions for bad debt In the first half of 2010 the big four banks cut the amount of money they hold in reserve to cover bad debts by 2 2 billion to a combined 4 5 billion in the expectation that an improving economy will lead to fewer losses The lower provisions helped the majors boost half year profits to a combined 10 4 billion Source The Adviser Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm On May 28 2010 Finance News Leave a comment Comments are closed Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units in capitals Positive return for Qld market Whats happening with Vacant Land Sales Credit conditions restricting construction Housing Values Rise Housing Facts Rates on Hold New home sales at 2 year high Categories Australian Dollar Bank fees Bank Profits Budget Enconomy Finance News Financial goals First Home Buyer Government banking reform Home loan product House prices Inflation Interest rate Rental Growth Stamp Duty Technology Wealth January 2014 M T W T F S S Dec 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

    Original URL path: http://www.formula1finance.com.au/finance-news/specialist-borrower-defaults-spike/ (2014-01-05)
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  • Your Trusted Adviser « Formula 1 Finance Formula 1 Finance
    consumer is an offence We are honest It s standard industry practice for mortgage advisers to be remunerated by lenders and receive commission on the loans we settle This puts us in the position to be able to negotiate with a range of lenders and mortgage providers on your behalf to find the best situation for you We are up front about the fees associated with our service and we will happily provide client testimonials We offer top notch advice service and support It is our job to advise educate and help you to meet your financial needs We are well versed in financial services have years of market experience and a wealth of market knowledge Combined with this expertise is the personal commitment we make to our clients to listen and respond to their needs We care about our clients and thrive on keeping you happy and being available when you need us most We recently had a client who told us your enthusiasm for constantly keeping in touch and updating us on the market and possible providers has made us feel comfortable and confident about making our next purchase It s feedback like this from a happy client that reminds us why we became mortgage advisers and why we love our job View Other Articles In March Newsletter Buyers Make A Comeback The Right Time Financial Management Theory Practice Self Managed Super A Growing Trend Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm On March 1 2013 Finance News Financial goals Comments Off Comments are closed Finance News RBA rate

    Original URL path: http://www.formula1finance.com.au/finance-news/your-trusted-adviser/ (2014-01-05)
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  • ANZ increases Home Loan to Value Ratio to 97% « Formula 1 Finance Formula 1 Finance
    lending customers the maximum Loan to Value Ratio is 95 with the option to finance the LMI premium up to a maximum of 97 For all other customers the maximum Loan to Value Ratio is 90 with the option to finance the LMI premium up to a maximum of 92 At least one of the applicants must be an existing ANZ customer who has held a retail lending product for greater than 6 months with satisfactory credit history A retail lending product is defined as a home or residential investment loan including lines of credit personal loan credit card or overdraft facility Existing customers of other retail products are not eligible under this policy Does this mean the banks are loosening their Grip I don t think so Keep your fingers crossed Is this the first encouraging sign of returning to a more common sense lending practices Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm On August 26 2010 Finance News Leave a comment Comments are closed Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units in capitals Positive return for Qld market Whats happening with Vacant Land Sales Credit conditions restricting construction Housing Values Rise Housing Facts Rates on Hold New home sales at 2 year high Categories Australian Dollar Bank fees Bank Profits Budget Enconomy Finance News Financial goals First Home Buyer Government banking reform Home loan product House prices Inflation Interest rate Rental Growth Stamp Duty Technology Wealth January 2014 M T W T F S S Dec 1 2 3 4 5 6

    Original URL path: http://www.formula1finance.com.au/finance-news/anz-increase-home-loan-to-value-ratio-to-97/ (2014-01-05)
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  • Fixed Rate Price War Continues Formula 1 Finance
    Westpac and NAB carving up to 20 basis points off their respective fixed rates Variable rates have also seen heavy discounting Good news for consumers Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm On October 5 2011 Bank Profits Budget Financial goals Home loan product Interest rate Wealth Comments Off Comments are closed Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units in capitals Positive return for Qld market Whats happening with Vacant Land Sales Credit conditions restricting construction Housing Values Rise Housing Facts Rates on Hold New home sales at 2 year high Categories Australian Dollar Bank fees Bank Profits Budget Enconomy Finance News Financial goals First Home Buyer Government banking reform Home loan product House prices Inflation Interest rate Rental Growth Stamp Duty Technology Wealth January 2014 M T W T F S S Dec 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

    Original URL path: http://www.formula1finance.com.au/interest-rate/fixed-rate-price-war-continues/ (2014-01-05)
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  • Interest rate Formula 1 Finance
    and both will likely go up again next week based on the spike that has happened this week Westpac under their Premier Advantage package PAP 3 yr rates are at 6 99 pa 1 yr rates are at 6 79 pa PAP variable is 6 81 pa These fixed rates represent good value relative to the direction that variable rates may be heading especailly in the 1 3 year terms Whilst decisions on pricing are not finalised and are always subject to review the clear trend for FR s and VR s appears to be up and WBC is no exception Are fixed rates really on the way up Or is this just the banks playing scare tactics to get people to lock in for a longer term I think this space will need to be watched very closely and if you are considering a 1 3 yr fixed rate now might be a good time Don t wait though as i feel the 3 yr rates will increase as early as next week Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm On September 23 2010 Finance News Leave a comment Comments are closed Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units in capitals Positive return for Qld market Whats happening with Vacant Land Sales Credit conditions restricting construction Housing Values Rise Housing Facts Rates on Hold New home sales at 2 year high Categories Australian Dollar Bank fees Bank Profits Budget Enconomy Finance News Financial goals First Home Buyer Government banking reform Home loan product

    Original URL path: http://www.formula1finance.com.au/finance-news/fixed-interest-rates-to-climb/ (2014-01-05)
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  • New home sales hit the right note for the new year, posting a fourth consecutive rise in January. Formula 1 Finance
    to see the momentum of late 2012 carrying into the new year Over the three months to January this year new home sales increased by 10 per cent although sales volumes were still 6 4 per cent lower compared to the same period a year earlier Sales of new detached houses have now increased over three consecutive months a crucial improvement given the considerable weakness experienced through the majority of last year Even now the volume of detached house sales is not much more than half the long term average Consequently there is a long way to go to see evidence that new home building will reach the levels the economy requires as the contribution from resources related investment wanes In the month of January 2013 detached house sales increased by 9 1 per cent in Victoria 10 6 per cent in South Australia and 7 4 per cent in Western Australia Sales fell by 1 3 per cent in New South Wales and were down by 6 0 per cent in Queensland Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm On March 1 2013 Enconomy Finance News Financial goals House prices Inflation Wealth Comments Off Comments are closed Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units in capitals Positive return for Qld market Whats happening with Vacant Land Sales Credit conditions restricting construction Housing Values Rise Housing Facts Rates on Hold New home sales at 2 year high Categories Australian Dollar Bank fees Bank Profits Budget Enconomy Finance News Financial goals First Home Buyer Government

    Original URL path: http://www.formula1finance.com.au/finance-news/new-home-sales-rebound/ (2014-01-05)
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  • Population in Snapshot Formula 1 Finance
    s population grew at the fastest rate in the nation jumping by 14 in five years while Queensland s grew by 11 The states that recorded the lowest population growth were Tasmania South Australia and New South Wales Darwin and Canberra are the highest earning capitals typically taking in over 93 000 per household There are good returns to be found in rental property with median rental payments up by 50 between 2006 and 2011 The proportion of people living in detached houses has fallen by 1 with a shift towards more people living in units and townhouses Almost one in four Australians was born overseas while 43 1 per cent of people have at least one parent who migrated here Half of prospective home buyers are not willing to buy further than 10km from their ideal location and won t sacrifice outdoor space and privacy in order to enter the market Source ABS 2011 Census of Population and Housing Realestate com au Housing Affordability Sentiment Index Brett Colley 365 Posts Brett has been involved in management in the finance industry for over 13 years Brett s diverse experience in finance real estate developments and all facets of the construction industry confirms Formula 1 Finance to be an innovative professional finance broking firm On February 15 2013 Enconomy Finance News Financial goals House prices Wealth Comments Off Comments are closed Finance News RBA rate announcement Banks Mining Towns and Rental Yields Houses outperform units in capitals Positive return for Qld market Whats happening with Vacant Land Sales Credit conditions restricting construction Housing Values Rise Housing Facts Rates on Hold New home sales at 2 year high Categories Australian Dollar Bank fees Bank Profits Budget Enconomy Finance News Financial goals First Home Buyer Government banking reform Home loan product House prices

    Original URL path: http://www.formula1finance.com.au/finance-news/population-in-snapshot/ (2014-01-05)
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