ANZ has made its decision....finally. They have decided to pass on 0.20% of the RBA 0.25% cut. Seems like a long time to wait to receive what most had already predicted would be the pass through rate.

The Silence is deafening!!

Banks have yet to make a move following the RBA decision to cut the official cash rate by 0.25%pa. Who will be first?

RBA Cuts official interest rates again this year.

RBA has again cut the official interest rate, this time by 25 basis points. The cash rate now stands at 3.25%. All eyes will now be on the lenders to see how they respond. Should be more happy days for mortgage holders.

Keep up to date by following us on our blog and Facebook page.
http://www.facebook.com/pages/Mortgage-Choice-in-Leichhardt/199211476806772

Fixed Rates Fall Again

Fixed rates are continuing to fall as lenders bid for market share. We are now helping clients secure 2 and 3 year fixed rates at 5.54%pa, and with 5 year rates also available below 6.00%, it certainly is a great time to look at whether a fixed rate option will be beneficial to you and your circumstances. Talk to me today.

The cash rate has been left at 3.5%.

RBA decides to leave rates on hold despite the public's call for further rate cuts. Whilst most lenders are now offering rates well below 6.00%pa, a rate cut today would have been welcomed by many mortgage holders.

Guide to buying a house & Property Market Update

We've just come across this great little Guide to Buying a House, with 10 tips.  This looks like it would be a great help to those who are new to the property market.  Have a look and let me know what you think.

Also, it's a great time to buy now.  The RBA has dropped rates to 3.5% and so far ANZ have passed on the full reduction, we're still waiting to see what the other banks are doing, but it's looking good.

There's a lot of properties on the market, so if you're looking for a good buy, now is a great time to be house shopping.

Please give me a call to make sure that your finances are ready to go when you find that property you're looking for.  Also, check out our website for lots of tips and tools to help you along the way.

Buyers circle to beat stamp duty

If you're in the market to buy an investment property  - or even thinking about it, here is a great incentive to get you moving!

It's simple really - buy a property that is about to be built for less than $600,000, exchange before July 1, 2012 and you can save up to $22,000 on stamp duty.

Read more

House hunters and investors are expected to flood the new-apartment market in the next six weeks as buyers countdown to the end of the government's stamp duty exemptions for homes that haven't yet begun construction.

With savings of up to $22,000 for homes less than $600,000, many buyers will be keen to exchange contracts before the cutoff date for the NSW government's Home Builders Bonus on July 1.

If we can help with finance, please call or email and check out our website for lots of great tools and tips.