Melissa Mann - Investor Finance Strategist

BE QUICK – Duplex investment – approx 5.7% return

mmann — Wed, 14 Jul 2010 06:53:57 +0000

We have just had a duplex block come up in Brightwater QLD 4557 – some great money to be made in it. Here are the figures, let me know if your interested

Land$334,000
Build $410,000
Total $748,000
200m from school, sports field, national park, river, lake, retail/cafes/shops …
Unit 1 – lowset 3 bed, 2 bath, 2 car 158m2 – resale $400-430K / rent $400 – 420p/w
Unit 2 – 2 storey 3 bed, 2 bath, 2 car 184m2 – resale $430-460K / rent $420 – 440p/w
Total resale $830,000 – $890,000
TOTAL rent $820 – $860 per week

Only one remains and these duplex blocks are hard to come across, so if your interested PLEASE LET ME KNOW ASAP ($1,000 holding deposit required)

Happy Investing !

Melissa Mann – Sunshine Coast Finance Strategist

need a 95% lend…?

mmann — Fri, 02 Jul 2010 01:10:23 +0000

Not many banks will lend 95% these days. I have access to a lender who still can lend 95% against a purchase, whether owner occupied or Investment.

Interest rate approx 6.33% also !!

Still available – LO DOC 80% No Bas, No statements !

mmann — Wed, 23 Jun 2010 05:26:36 +0000

I have had numerous enquiries lately surrounding Lo Doc loans and if they are still available, the short answer is “yes”, however your options are limited these days as most of you already know.
However, I have a lender who can still offer LO DOC loans on both purchases & refinances:

No BAS or trading account statements
Account letter needed to confirm trading profitably
2 year ABN required + GST registration
6 months refi statements – no defaults or missed payments
80% LVR – $100,000 to $1M max loan inc MI
60% LVR –$1.5M max loan
Purchase, Construction & vacant land
Trust borrowers OK
General security parameters
Interest rate 6.89% (pro pack min $250K @ $300 p.a)
FEES: $395 app, $200 val, $300 settlement , 0.3% brokerage of loan amount
DEF: 1% of limit in first 3 years
No offset available – LOC available 6.93%

If you need to discuss your situtation and if you would fit into this criteria, please let me know ASAP as Im not sure how long this product will be available for once licencing takes effect July 1st 2010 – next week !

RBA to meet tomorrow…

mmann — Mon, 31 May 2010 03:37:17 +0000

As most property owners are aware, the RBA meets on the 1st Tuesday of every month which means the next scheduled meeting is tomorrow, Tuesday 1st June.
I just received this interesting email through from “BrokerNews”:

RBA to hold rates level

By Andrea Cornish | 31 May 2010

Speculation is growing that the Reserve Bank of Australia will hold rates at 4.5% when it meets tomorrow as the effects of previous rate increases on mortgage lending and retail sales become apparent.

The RBA will be drawing on figures to be released tomorrow. Analysts predict retail sales will show an increase of .3% – the weakest growth rate in a year – and building approvals fell again making it the third time in the last four months.

Meanwhile, home loan approvals dropped 25% in the six months through March.

Coupled with those figures is the growing uncertainty regarding the global economic outlook. According to BusinessWeek, central banks in Asia including Indonesia, Thailand, and the Phillipines are also forecast to hold rates until the full effect of Europe’s debt crisis is known.

Investors are betting the RBA won’t raise interest rates until December, and giving a 14% chance of a rate cut tomorrow.

I find it interesting that Investors are predicting that rates won’t rise until December. If thats the case – great news for us !
What is your opinion..?
Is now a good time to keep borrowings on variable rates?

LO DOC refinance loans

mmann — Tue, 30 Mar 2010 01:51:45 +0000

Needless to say – LO DOC seems non existant these days! The banks and mortgage insurers simply don’t want to take any risks with LO DOC customers.
However, there are still options out there for those of you who do not have your financials up to date.
I have access to a lender who can offer:

Variable Rate – 7.73% pa
Up to 80% LVR Plus Capitalisation of Fees
Maximum Loan Amount $1,750,000
Interest Only from 1 – 5 Years available for investment security properties only, otherwise Principal & Interest
NO BAS Statements Required
NO Personal or Business Bank Statements Required
NO Annual Fees
NO LMI
Refinance – OK
Purchase – OK
Business or Personal Use – OK
Cash Out up to 25% for business use
ABN must be registered for 2 Years
GST registration only required for incomes declared over $75k
Loan Terms to 30 Years
Clear Credit Only – NO Defaults

RBA leaves rates at 3.75%

mmann — Tue, 02 Feb 2010 04:49:46 +0000

Just received confirmation & in a surprise move, the Reserve Bank of Australia announced it is leaving the cash rate unchanged at 3.75% as it waits to see the effects of earlier rate rises.
In a statement released this afternoon, Governor Glenn Stevens the continued legacy of the financial crisis affected its decision.
Despite improvements in the global financial markets, Stevens said: “Credit conditions nonetheless remain difficult in the major countries as banks continue to face loan losses associated with the period of economic weakness. Concerns regarding some sovereigns have increased,” he said.

Stevens noted that economic conditions in Australia have been stronger than expected, adding that the country has experienced lower than expected unemployment, modest inflation and expanding credit for housing.

Making money from property in THIS market

mmann — Thu, 28 Jan 2010 06:08:27 +0000

Have you ever wondered how some people are creating great wealth through property?

It’s no secret, it’s just about knowing what to buy, when to buy and what property strategy you should be using in this current property market.

Come along to this free info session and let us show you how many of our clients are Making money from property in THIS market.

Some of the topics we’ll be covering are:

Who are Property Investors? Can I be one of them?
Why Property, where’s property going?
The 3 Key Foundations of Property Investors
Real Property, Real Clients, Real Money, THIS market
Let’s look at your plan

The Sebel, Maroochydore – Wednesday 24th February 6:30pm

Quest on Doncaster VIC – Tuesday 2nd March 6:30pm

River Park Place, Morningside QLD – Tuesday 9th March 6:30pm

Light House Beach Resort, Bunbury WA – Tuesday 23rd March 6:30pm

Medina Grand Perth WA – Wednesday 24th March 6:30pm

Lotteries House, Esperance WA – Thursday 25th March 6:30pm

Book online at www.investorfinance.com.au or call 1800 248 911 to reserve your place, seats are limited so be quick !

RBA hints rate rise around corner

mmann — Thu, 15 Oct 2009 22:10:38 +0000

Just received this email from brokernews.com – I thought rates would increase again, which to me means the market is now moving and we should all see some equity growth over the next 12 months.

The Reserve Bank of Australia has indicated it could push the cash rate higher next month in an effort to control inflation.
RBA Governor Glenn Stevens suggested yesterday that the central bank should not be timid in altering its emergency monetary policy as circumstances change.
The central bank lifted the official cash rate from 3% to 3.25% in early October for the first time in 19 months.
Signs that Australia’s economy has started to make a recovery are evident in country’s growing optimism.
Yesterday, the Westpac-Melbourne Institute Index of Consumer Sentiment a 1.7% increase in consumer confidence in October, despite the rate rise. As well, forecasts of growing unemployment have yet to materialise.
According to Stevens, four factors would affect the central bank’s decision on future hike: inflation, international developments, the spread between the cash rate and banks rates; and the local economy.

The RBA will meet again 3 November.

RBA increases cash rate 25bps

mmann — Tue, 06 Oct 2009 04:35:57 +0000

Have you heard the latest…????
Well, the RBA have increased the official cash rate today from 3.00% to 3.25%. I am not totally surprised at this increase, and I suspect another rate increase is more likely to occur next month. With the RBA not meeting in January either, the next rate hike might be 50 BPS instead of 25 BPS. Times like this I wish I had a crystal ball!
Seeing as though the cash rate has increased today, it will only be a matter of time before the banks increase their interest rates – my guess is that most of the banks will pass the full increase onto us consumers. This means the rate increase will increase monthly repayments by $83 per month ( based upon a $400,000 mortgage).

Melissa Mann
Sunshine Coast

House sales on the rise!

mmann — Mon, 28 Sep 2009 05:12:28 +0000

Interesting article I just came across on www.realestate.com.au. This is fantastic news for investors out there!

The property market rebounded in the past year with house sales up by almost third across the nation, a leading analyst says.

The number of houses sold across Australia was 130,000 in the June quarter, up 32 per cent from the corresponding period in 2008, RP Data said on Thursday.

RP Data national research director Tim Lawless said Perth had the greatest growth in sales of all capital cities in the past year.

Sales of houses in Perth were nearly 60 per cent higher in the June quarter compared to the corresponding period in 200,

Sales in the June quarter last year were nearly 70 per cent below the five-year average.

“The future is looking brighter for Perth with the resources sector once again picking up and a modest degree of capital growth returning to the market,” Mr Lawless said.

Sydney, Australia’s largest city, had the second biggest rise with sales up 38 per cent on a year before.

Sales of houses in Brisbane were up 35 per cent, Hobart sales were 34 per cent higher, Darwin had an increase of 32 per cent and Melbourne was up 30 per cent, RP Data said.

Adelaide sales were subdued, up nine per cent.

However, house sales in 2008 were significantly below the 2001 to 2003 period during the property boom.

The real estate market hit a trough in sales during the September quarter in 2008 before stimuli from the Reserve Bank of Australia and the federal government arrested the slide.

“Because of historically low interest rates, a first home buyer stimulus package and improving economic figures, buyers have been given renewed confidence in market conditions,” RP Data said.

Mr Lawless said home sales were likely to increase during the September quarter before declining during the holiday season.

“Sales volumes are likely to stabilise around historical averages during the first half of 2010 as interest rate rises dampen demand and the level of government stimulus winds down,” he said.