by Vivian’s Residential In Uncategorized

27 August 2015

As part of our submission to the Department of Commerce about the increase in compliance costs for real estate agents, the Department of Commerce has now amended the prescribed lease agreement to allow tenants, lessors and the lessor’s property manager to give notices and information electronically.

This change will come into effect on 20 September 2015 which is 30 days after the gazettal occurred on 21 August.

The REIWA forms will be updated now to reflect this amendment and will be ready for use on 20 September 2015. Unfortunately, we did not have any say in where this new section was placed on the existing form. The required placement of the new section means that the important information of the premise’s address and the term of the lease will now be described on page 2. The Department of Commerce has confirmed that provision can be made for each lessor and tenant. Each party to the lease must provide agreement. We will make provision for three lessors and four tenants.

Section 85(6) of the Residential Tenancies Act provides that if a document or notice is served or given to one tenant, then the document is deemed to be have been given or served on all tenants. Therefore, electronic service only needs to be on one tenant, but it would be best practice to include all tenants.

The amendment to the form is below.

Schedule 4 Form 1AA amended.
(1) In Schedule 4 Form 1AA Part A before “TERM OF AGREEMENT” insert:

Giving of notices and information by electronic means:
Indicate below for each of the following persons whether the person agrees to notices and information being given by email or facsimile under the Electronic Transactions Act 2011.
Email: Yes /No  Facsimile: Yes /No 
[insert email address or facsimile number if different from contact details above]

Email: Yes /No  Facsimile: Yes /No 
[insert email address or facsimile number if different from contact details above]

Lessor’s property manager
Email: Yes /No  Facsimile: Yes /No 
[insert email address or facsimile number if different from contact details above]



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by Vivian’s Residential In Uncategorized

26 August 2015

Sunday’s paper had a story by Kirstie Spicer – Australians are playing safe with their super and that could be costly, increasing the chances their retirement savings will run out even though they still have many years ahead of spending.
Funny that I have never trusted shares, probably because I don’t follow them but only see the whopping big head lines STOCK MARKET CRASH – like today’s paper really 24/8/15
According to The Australian Retirement Vision Survey, low investment confidence has led savers to favour cash and term deposits – investments often described as “conservative” for their super investment strategy.
Rather be conservative than lose all my money – that’s why I love real estate.
Conservative investments offer comfort in that they roughly stay around the same value and pay a relatively predictable income.
When you are 80+ years old you cannot tell me you need as much money, oh that’s right the Government is whittling away all benefits to our seniors – perhaps we do !!
But that can be a false sense of security when the value of your super is only treading water, causing you to fall well short of what you need to fund your retirement lifestyle.
Depends on what you think you are going to do and the lifestyle you chose is perhaps not the one you are going to have, perhaps the kids need to look after us ha ha…
The most conservative option is a cash-only fund, and that, at best, would have earned only 4% a year over the past five years.
Dialling up uncertainty, a fund with between 40 and 60 per cent in shares and property – those investments that will grow your wealth – could have notched you up as much as 9 per cent.
See good old property gets a mention, keep telling people to invest in apartments in the Mosman Park area.
For someone with $200,000 in super, earning the average wage, the difference in returns over those five years is nearly $70,000.
$14,000 a year may not be that dramatic, however rather have it in my bank than someone else’s.
It’s far from small change and could mean the difference between being able to afford an annual holiday in retirement, or not.
Get the kids to take you away on their holidays ha ha if you have helped them out they should repay the favour hmmm depends on how nice those kids are eh?
The cost of playing it safe means a lower super balance than what we really need to pay for our retirement lifestyle, in light of the fact we are living longer.
Eating healthy and exercising, not drinking & smoking see it get’s you in the end you live to long and you have no money to play with, doesn’t make sense.
When super was first introduced, we were only expected to live until age 77.  Today we are living until our mid-80’s.  Our life expectancy has increased, but we aren’t saving for a longer period of time to cover the extra years of spending.
Well now they keep moving the goal posts don’t they with the retiring age soon it will be 75 so we wont have to worry.
To make your retirement savings last as long as possible, some shares and property investments are needed.
Property, property I say !!
It’s understandable investors might feel nervous about having even a snippet of their super invested in the share market, considering it can test the nerves of even the most seasoned investors.
After today’s massacre in the paper today 24/8/2015 – share crash bites $60b wipe-out could force interest rates even lower !!  hmmm don’t think our greedy banks will budge myself.
Focusing on the returns over three and five years, instead of just this month, can be a way to lessen the angst that can come with owning shares.
Again property, property, five to seven, even ten year plan always will bring you money in, as soon as you have enough money in your super buy a property I say.
History shows share prices do rebound over time, ideally bringing your investment value back to where it started.
Hmmm might take that comment back after this week in the stock market Kirstie.
And you often get dividends along the way, which are generally greater than the return you would get on cash.
Usually people just re invest it – so they will lose it all if the market crashes like today.
If you are close to retiring and want to have peace of mind over some of your savings, you should keep an eye on just how much you have allocated to shares.
Noooo don’t do it if you don’t have to !!
For example, directing only half (or the amount you are comfortable with) of your balance to those investments that will grow your wealth will lessen the severity of the highs and lows share markets can serve up.
Feel very sorry for the retiree’s already being hit with this crash this week will certainly put them into poverty if they are not there already, these are the every day people not the big players in the game of course.
Regardless of how old you are, it’s important to remember your super is an investment you will have for decades and the return over the long-term is far more important than that of only this year.
Well the kids of today that are being employed will certainly end up with a reasonable nest egg if they don’t retire when there is a super crash of course, buy properties kids !!
The chance of emptying the super fund before you would like is high when you are sticking to the comfort of conservative investments.
There are people on our welfare system doing just nicely and they have not attempted to work, save or anything but they have their hand out and get it filled up no problems – never have worked it out, work hard get slugged, don’t work get rewarded, there’s something wrong here !!

SHARE CRASH BITES $60b wipe-out could force interest rates even lower…..
Kirstie Spicer director at Brightday your article hope didn’t turn too many over to taking a higher risk, they could have just lost the lot…no one ever knows, no one has the crystal ball, however all I know that property just doesn’t disappear, doesn’t get wiped out, yes can go down but you can still get rent….interesting debate isn’t it?



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by Vivian’s Residential In Uncategorized

14 August 2015



 I this issue:




August 2015

Welcome to our August Newsletter

Winter is usually the quiet period for property market news, but with the recent tightening of controls on investment lending by the Australian Prudential Regulatory Authority (APRA), there has been a lot happening, particularly with interest rates. Even though the Reserve Bank of Australia (RBA) decided to keep the official cash rate on hold at 2.0 per cent during its August meeting, interest rates have been on the move. Due to APRA’s increased supervision on investment lending, the big 4 banks have all raised their interest rates on investment loans. We expect that many other lenders will also be raising rates on investment lending in the coming weeks, with rises varying between 25 and 50 basis points, depending on the lender.
Whilst property investment interest rates have been going up, many lenders have also moved to shave a few basis points from interest rates on owner-occupier loans, so interest rates on many of these loan products are coming down! And that means we’re still looking at some of the lowest interest rates in history overall.
This news does not seem to have had much effect on our property markets. Activity is still quite high for this time of year. For the week ending August 2, there were 787 auctions recorded in Victoria with a clearance rate of 78%. In NSW there were 825 auctions with a clearance rate of 76%. Queensland held 144 auctions with a clearance rate of 58%, and South Australia 75 auctions with a clearance rate of 68%.
Other states showed less activity, with Western Australia holding 23 auctions with a clearance rate of 40%, Northern Territory 13 auctions with a clearance rate of just 17%, Canberra 41 auctions with a clearance rate of 72% and Tasmania only 8 auctions with a 43% clearance rate.
Home values showed increases for most of our capital cities. Sydney home values were up by 3.30 % over last month and up by 18.35 % over this time last year. Melbourne is also doing very well, with home values rising by 4.91 % over the last month and 11.48 % over this time last year. Brisbane/Gold Coast also showed increases, with home values rising by 0.43% over last month and 4.36% over this time last year. Canberra showed an increase of 0.29 % month on month and 1.21% over this time last year and Hobart was also up by 1.06% this month and 2.51% over this time last year.
In other states home value movement was not as strong. Adelaide’s home values decreased by 1.13% this month, but they are still up by 3.40% over this time last year. Perth’s home values didn’t show much movement – they rose by 0.09% this month but are down by 0.27% over this time last year. Darwin showed an increase of 0.39% this month but are down by 5.25% over this time last year.
With lenders moving to adjust interest rates on both investment and owner-occupier loans, you may want to talk to us to find out how these changes may affect you. If you already have a home loan or property investment portfolio, we can work together to give your loans a health-check to see if they are still the best financial products available for you. We’re here to help you organise the most beneficial financing arrangements for your property purchasing needs according to your personal financial situation and goals. So please don’t hesitate to give us a call – we’re always happy to help.
The information provided in this newsletter is general in nature and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information with regard to your objectives, financial situation and needs. Information sources: Auction results: Home values: Sincerely , The Bespoke Team



Do you need to refinance your home loan?

If you’ve only taken out your home loan in the last few years, refinancing is probably the last thing on your mind. But having a set-and-forget attitude to your home loan is not ideal! Leaving your home loan unchanged for its entire term could mean you miss out on substantial savings, or opportunities to make your money work harder for you to build wealth for your future. In this article, we look at the top 5 reasons why you might want to consider refinancing your home loan. 1. To pay less on your mortgage repayments Refinancing can often reduce the amount of your mortgage repayments – and this is probably the number one reason why people consider refinancing. Everyone would like to save money on their home loan repayments – since they usually account for around 30% of our income every month.
If you’ve had your home loan for a while and interest rates have fallen, you could access a better rate and this will reduce the amount you have to pay for each mortgage repayment. Even if interest rates have not fallen since you first took out your loan, you can sometimes access a better rate if your personal financial situation has improved in that time.
Accessing a better rate can not only reduce your home loan repayments, just a slight drop in interest rates could potentially save you thousands of dollars over the life of your loan.
Refinancing could also help you to reduce your mortgage repayments if you extend the life of your home loan. For example: Say you have been paying off your home loan for ten or fifteen years. You could potentially refinance the outstanding amount over a 30 year term, thereby substantially reducing your monthly repayment amount. 2. To extend or remodel your home If your family is growing and you need a few more bedrooms or a bit of extra space, buying a bigger house is not always the ideal solution. Many people refinance their home loan to access funds to extend and remodel their existing home, rather than go through all the upheaval of moving.
Renovating, remodeling and extending is a great way to get the home you want. What’s more, it can potentially increase your home’s value at the same time. So even though you may be taking out some of the equity you have in your home to do the extensions, the resulting increase in value of the home could potentially increase your equity again and help you to recoup some of the costs. 3. To consolidate debts We often talk about the difference between types of debt. A home loan is a ‘good’ type of debt because it carries a relatively low interest rate and can be used to build wealth. Other types of debt can be ‘bad’ because very high interest rates can trap you into continually paying interest instead of paying off your debt. These debts are usually things like credit cards – which can often carry an interest rate of 20% pa or more, car loans, store credit and so on.
Refinancing could allow you to access funds to pay off these expensive debts once and for all. By rolling all your debts into your home loan, you will be paying them off at a lower interest rate. You could also save yourself money every month on interest payments, simplify your situation by only having one payment to make, and beat the interest trap of credit cards and other expensive forms of credit. 4. To access the equity for other purposes The equity you build up in your property is a valuable asset. We mentioned earlier that a mortgage is a ‘good’ form of debt because it can be used to help build wealth for your future. That’s because your equity increases as you pay down your mortgage and property values go up – and this can potentially give you access to funds you would not have had if you did not have a mortgage.
That means your mortgage really can be used to facilitate your lifestyle and build wealth for your future. By refinancing, you could access your equity and use the funds for a deposit on a property investment, to invest in stocks and shares, education costs, to support your children in purchasing their own home or for a wide variety of other reasons.    5. To fix your interest rate or switch to a different mortgage product Switching to a fixed interest rate loan, (or a different type of loan that offers additional benefits) is another popular reason for refinancing a mortgage.  As time goes by, your needs change and it could be that another mortgage product like a fixed interest rate loan would be more beneficial for you.
The number one benefit of a fixed interest rate mortgage is that your mortgage repayments will remain the same for the length of the fixed term – usually 1, 3 or 5 years. This gives you more peace of mind because it makes it much easier to plan your budget.
Many people think that switching to a fixed interest rate mortgage will save them from future interest rate rises. And whilst this is true to a certain extent, fixed interest rate mortgages are often a bit more expensive to start with than your standard variable rate home loan, so interest rates would probably need to rise considerably before you came out in front.
There are also many other mortgage products on the market that may have more beneficial features than the home loan you have now. For example, redraw facilities or a mortgage offset account. If your current home loan simply doesn’t offer you the flexibility you need, then by all means talk to us about some alternatives.
Talk to us now about your annual home-loan-health-check About this time every year, we like to encourage you to talk to us about a home-loan-health check.
A frequent home-loan-health-check is necessary to ensure that your current home loan is still the best home loan product available for you. We recommend that you have a chat with us at least once a year to see if the lending environment has changed or refinancing may be beneficial for you in some other way.
If you’d like to organise your home-loan-health-check, just give us a call. We’re here to help you assess your home loan’s performance and ensure that it is still the right mortgage product for your personal financial circumstances and goals now and into the future.



What is Comprehensive Credit Reporting?

In March last year, an amendment was made to the Privacy Act 1988, which allowed regulation reforms to be applied to the way credit-related personal information can be collected about you by lenders. The new system is known as ‘Comprehensive Credit Reporting’ and has brought Australia in line with the rest of the world regarding the way consumers are assessed by lenders when applying for credit and home loans. The new rules have now been in effect for over a year, and most lenders are using Comprehensive Credit Reporting as part of their day to day operations when assessing you for a loan. This article looks at how Comprehensive Credit Reporting affects you and your capacity to borrow.
How have things changed? Previously, lenders were only allowed to access negative information about your credit history. By ‘negative’ we mean that they were only able to access information that indicated if you had any major credit infringements, credit payment defaults, bankruptcy situations and declined applications for credit. This information did not give lenders a very good picture about your current financial situation and was only of limited use when making assessments on major credit applications like home loans.
Comprehensive Credit Reporting is designed to give lenders enough information about you to assess if you can afford to take on more debt and how much you can afford to repay. Lenders now have access to more data about you more often, which gives them a better picture of your current personal financial situation.
Information that credit providers can collect about you now includes account information including when an account was opened and closed, your credit limits on credit cards and loans, the type of credit accounts you hold (such as credit card or personal loan), as well as 24 months repayment history on any credit accounts you hold. They can also check on your overdue debts and payment defaults, the number of recent credit applications you have made recently and any publicly available information such as personal insolvency information, court writs, court judgements and directorship information.
What does this mean for you? The new Comprehensive Credit Reporting system gives you more power to demonstrate your creditworthiness to mortgage lenders and other credit providers. It allows your recent good credit behavior to be taken into consideration and any adverse financial events to be overcome more quickly. It is also faster and easier for you to establish a credit history and compile a Credit Report.
On the downside, it is more important than ever before that you pay your bills on time. It is also important that you avoid making multiple credit applications before you decide on your credit provider as these will show up as minor defaults. If you’re not careful, you could accumulate a lot of minor defaults that could add up to make it appear as though you are under financial stress – and that may make it more difficult for you to get a home loan approved or make you ineligible for the lowest interest rates.
Make sure your Credit Report is accurate Your Credit Report is compiled by a credit agency and is made available to lenders when you apply for a loan. Understanding your Credit Report and making sure it is correct can help to ensure your loan application goes smoothly.
Lenders will use your Credit Report to assess risk before they decide to give you a loan. We recommend that you obtain a copy of your Credit Report and make sure that is completely accurate. You can download a copy of your Credit Report once every 12 months for free from a variety of different credit reporting agencies – we recommend Veda or Dun & Bradstreet.
Once you have your Credit Report, you can address any negative information that should not be on there and take action to have it removed. Occasionally, your Credit Report can contain information that is very old, untrue or contain fraudulent entries that simply belong to someone else – so it pays to give it careful attention before you apply for any loans.
If you obtain your Credit Report and discover you have a low credit score, you can improve the situation over time with the right behavior:·         Take action to remove any incorrect entries.

·         Always pay your bills on time or before the due date.

·         Pay down your existing debts.

·         Keep unused bank accounts open.

·         Reduce your credit limits – cancel any credit cards you don’t need.

·         Don’t make multiple applications when you are shopping for credit – talk to us about choosing the correct provider before you submit any loan applications.

Comprehensive Credit Reporting is good for Australian consumers as it helps lenders to be fair when assessing you for a loan. If you would like to discuss your Credit Report with us, we’re happy to help. Remember, we’re here to help you get the best deal available for your personal financial situation and goals for your mortgage and other financing requirements, and your Credit Report is an important part of the application process. Please give us a call today for a chat.



The extra costs of buying a home

Buying a home is a very exciting time – particularly if you’re climbing on to the property ladder for the first time! When you finally get your deposit together, it’s really easy to get caught up in the moment and forget to budget for the other costs associated with buying your home, so here’s a quick checklist of things to include when planning your finances for your big move. The cost of taking out your home loan When you take out a home loan, you’ll need to budget for the extra costs involved with getting it set up with the lender. These costs will vary from loan to loan and lender to lender, depending on your personal financial situation and the type of loan you take out. As your mortgage experts, we will advise you on these costs and help you to plan your budget. Generally speaking, these extra costs may include:
Home loan application fees: most lenders charge a home loan application fee to cover the costs of legal contracts, property title checks and credit checks.
Mortgage establishment fees: in addition to the application fees, most lenders also usually charge an extra fee to cover the costs of setting up the mortgage in their banking systems.
Property valuation: before they can grant you a mortgage, your lender will need to get an independent valuation of your property – both the land and the buildings and improvements. It is important to note that the lender will not accept your valuation – even if you have paid an independent valuations expert to produce it for you.
Mortgage registration fees: all mortgages must be registered with the government and a registration fee will apply. Ask us to help you calculate how much this will cost for your particular property.
Lenders Mortgage Insurance: if your deposit amounts to less than 20% of the purchase price of your property, you will be required to take out Lenders Mortgage Insurance by law. It is important to note that this insurance is for the lender in case you default on your loan – it does not cover you in the event you cannot make your repayments.
Costs involved with purchasing a property Purchasing a property can be quite a complicated process and it is easy to forget to budget for the costs of covering all the details involved. If you’ve located the property of your dreams, here’s what you need to cover off to make it yours:
Building inspection fees: if you decide a particular property might be the right one for you, it pays to do proper research on it by obtaining a building inspection report and a pest inspection report. These will give you an accurate picture of the condition of the property and help you assess the likely costs of maintaining it moving forward. These reports are very important to your purchasing decision, so get them organized early on in the buying process.
Government fees: before a property can become yours, you’ll have some government fees to pay like Stamp Duty and Registration of Title/Land Transfer Fee. Depending on where you live, and your personal eligibility for any concessions, the amount you may have to pay will vary. Talk to us and we will help you work out your costs in this area.
Legal fees: each property purchase requires the legal transfer of ownership of the property to you and for this you will need to employ the services of a Solicitor or Conveyancer. If you don’t have one lined up, let us know and we will give you a referral to a reputable legal adviser.
Home & Contents Insurance: your new home will be your most valuable asset and it’s very important that you organise the appropriate insurance cover to protect you against disasters like fires, floods and theft. The building insurance section of your cover needs to be taken out when you put down your deposit to make sure you are covered while the transaction is going through.
Mortgage/Income Protection Insurance: we recommend that you also budget for an insurance product that will cover your mortgage repayments in the event you are unable to work due to sickness, injury or some other unforeseeable event that causes you to lose your income. We can help you plan for your insurance needs and obtain cost-effective cover that’s right for you.
The costs of moving in When the big day arrives and it’s time to move in and start enjoying your new home, things will run much more smoothly if you plan ahead for the associated costs. Of course, these will vary widely from person to person and home to home, so planning will very much depend on the property you buy. Here’s some things you’ll need to budget for:
Utility costs: setting up your gas, water and electricity supply may require you to pay a deposit. Plan ahead and talk to your suppliers about the costs and getting things operational on the day you move in. Remember, you can talk to several different suppliers to get a more competitive rate. Body corporate fees:  if you are buying an apartment or a strata title property, it is likely that you will have to pay monthly body corporate fees. We recommend that you check out these fees when you are planning to buy your property as they can be quite significant, particularly if the property is in need of a lot of maintenance or repair. The first month’s fees will be due as soon as you have settled on the property. Council rates: these rates cover the costs of your garbage collection and other services provided by your local council. The cost involved will vary depending on the value of your property so you should check with the council to determine these costs and budget accordingly. Ongoing maintenance: all homes require ongoing maintenance and you should remember to budget for any eventuality. When you rent, your landlord pays for anything that goes wrong, so if the hot water stops working they replace it. If something goes wrong in your own home, you have to fix it yourself so it’s wise to set aside a little money for emergencies. Moving costs: depending on where you live it could be quite expensive to organise a mover to get your things to your new home. We recommend that you get quotes from three reputable carriers and be sure to ask them to include insurance costs in their quotes.
Getting your home set up: this is the fun part! Remember that when you move in, you’ll need furniture and a full pantry. Make an allowance in your budget for the things you’ll need to get set up in your new home and really enjoy the fact that it is now yours!
Remember, as your mortgage experts, we’re here to help you with organizing the finances for your new home. We’re happy to help you with every aspect of buying your new home, from confirming the costs and helping you work out your budget, to planning your insurance needs and we’ll even give you referrals to other reliable professionals you may need to consult. And of course, it is our job to shop around to find you exactly the right loan for your personal financial situation and goals, so please give us a call today.



Wine review

Evans & Tate Breathing Space Sauvignon Blanc 2014 If you’re a lover of white wine, this marvelous Margaret River Sauvignon Blanc should be first on your shopping list. Priced very reasonably, it is labeled 12.5% alcohol so let’s just say it is very easy to enjoy. This beautifully balanced wine offers aromas of fresh passionfruit, fig, spiced apple, honeydew and a hint of grass with a cleansing and refreshing touch of acidity. The perfect drop for white wine drinkers all year round, stock up in time for your next party or dinner event.

Rating : 4 stars RRP : $16

App review

DO Note DO Note is the do-it-yourself note pad that empowers you to create your own personalised notepad with just a tap! It allows you to create calendar events, reminders and save notes about all kinds of stuff when you are on the go. DO Note makes it super easy to post messages on Facebook, Twitter and just about any other social media site you use regularly. Remind yourself to follow up with clients and keep detailed notes about them that will make you look good and make your meetings run smoothly!

RRP : FREE Available on :  On Android or iPhone.



Contact us


DZL Wealth Level 1, Suite 2 57 Labouchere Road South Perth WA 6151 PO Box 8092 South Perth WA 6151 Gary Fernandez A: 08 9474 9111 F: 08 9367 2770 M: 0407 330 612 E: W: Dezlean Wealth Pty Ltd Australian Credit Licence number 474350 MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO !!


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by Vivian’s Residential In Uncategorized

12 August 2015

(This of course is not happening in Perth this is over East)
Banks stop being so greedy and keep your rates in order !!

Latest Australian Bureau of Statistics home loan data for June has revealed another sharp increase in finance approved for residential investment in Australia. The value of investment loans soared to $15.3 billion over the month which was another monthly record following the previous high watermark set in May 2015.
The stunning June result was 5.0 percent higher than May with investor finance increasing by 24.8 percent over the 2014-15 financial year compared to 2013-14. The value of loans approved to investors over the first 6 months of this year is now 27 percent higher than the amount approved over the first 6 months of last year.
The loan market share for investors now stands at 54.1 percent over June, just below the all-time record of 54.2 percent set in May.
Banks have moved recently to increase lending rates to investors, for both existing and new loans, at the direction of the regulatory body, APRA. Increased mortgage rates for investor loans are designed to quell demand in this strong market sector. Although it is early days in this policy shift, there is no sign of any easing in the runaway train that is Australia’s residential investment market.
It remains unlikely—given relatively high yields, the prospects of continued capital growth and the taxation advantages and investment benefits that residential investors enjoy—that the recent increase in rates will cause a significant decline in activity, particularly in the still strong Sydney and Melbourne housing markets. Moreover, a fall in residential investment would certainly not be welcomed by the majority of capital city markets that continue to report modest housing market activity and associated economic benefits.

Its just a money grabbing opportunity for Banks !!



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by Vivian’s Residential In Uncategorized

11 August 2015

Talking to a few people around that traps that visit shopping centres outside the Western Suburbs they are saying that people are food shopping and yes “coffee” is still being purchased but other stores smaller ones have gone down to one staff member and guess what “no lunch break” hmmm.

It’s not surprising though as everyone has now received their rate notices which have all gone up and with the cost of living something has to give out there.

People should be complaining about their rates and try and make a difference to the way they are calculated as its not a never ending pit of money that is available to people.
Everyone is cutting back and that’s the only way they can survive.

Shop owners will have to try and be creative somehow to draw people into their shops and there is no other way than to sale some items to bring them in even then I think they will find it hard.

Food is expensive and it’s just going to get worse as they are saying we are going to be paying so much more for our beef and sheep (yet NZ prices have remained stable so my sister says on their farm), just not sure where it will end up as people have already turned to the fast food outlets because who can beat Hungry Jacks or MacDonald’s with their $2.50 breakfast burger.

If you are pulling in your belt I wonder just how much you can adjust it now – be interested if anyone has any tips out there that I can pass on to people.

With everyone working longer hours, penalty rates are being talked about being cut back as the food industry cannot afford to keep their doors open because of the high cost of wages, food etc maybe we will all have to go to MacDonald’s then.



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by Vivian’s Residential In Uncategorized

06 August 2015


They’re clamping down on investors, but major banks are trying to lure lower-risk owner occupiers of residential property. Banks are offering mortgage brokers a new range of incentives to appeal to residential home buyers.
Westpac Group’s Bank of Melbourne and St Georges Bank offer refunds on lenders’ mortgage insurance, $2000 cash back for refinancing and fixed-rate decreases on owner-occupier home loans by up to 0.3 percent. In a letter to brokers, a Bank of Melbourne spokesman said, “We remain focused on helping owner-occupiers.”
Borrowing conditions are becoming increasingly competitive as banks clamp down on investment lending. The higher rates and tougher conditions of the major banks will force smaller property developers and investors to alternative lenders.
“The investment lending landscape is rapidly changing,” Chris Foster-Ramsay, managing director of Capital Home Loans, told The Australian Financial Review. “The banks are capping loan-to-value ratios to 80 per cent, increasing interest rates for investment lending and/or interest-only loans by up to 25 basis points [and some are] completely pulling out of the investment lending market.” Foster-Ramsay said borrowers who make additional principal and interest repayments over and above the minimum required by the bank and can present a history to their lender will benefit by potentially being able to negotiate better discounts, essentially because they are lower risk.


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by Vivian’s Residential In Uncategorized

04 August 2015

Thought I would pass this on to everyone that is interested in the current rates


Hi Gill,


As APRA tightens the rules on property investment lending, the Reserve Bank of Australia has decided to keep the official cash rate on hold at 2.0 per cent during its August meeting today.

The news was widely expected by analysts as the RBA waits for business and consumer confidence to improve following its rate cuts in February and May this year. With the Australian dollar at more acceptable levels, the RBA is taking a wait-and-see attitude to see if the economy lifts before it decides to shift rates again, with many analysts speculating about the possibility of further rate cuts later this year.

As a result of APRA’s increased supervision, the big 4 banks have already moved to increase interest rates on property investment loans. We expect that many other lenders will also be increasing their rates in the coming weeks, with rises varying between 25 and 50 basis points depending on the lender.

Even though there have been some rate rises and restrictions on property investment loans, rates are still great and other home loan rates are still at all-time lows. It’s a good time to be in the property market – whether you’re looking to invest, refinance, buy your first home or are opting for a sea change.

We’re here to help you get the very best loan available for your personal financial situation and goals, so please give us a call today. We’re also happy to help if you have any questions about APRA’s increased levels of supervision on mortgage lending.


Gary Fernandez

A REFERRAL IS THE BEST COMPLIMENT YOU COULD GIVE T 08 9474 9111 Level 1, Suite 2 F 08 9367 2770 57 Labouchere Road M 0407 330 612 South Perth WA 6151 E PO Box 8092 South Perth WA 6151 W Australian Credit Licence 474350


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