| Letter from Michael
Hi
Six weeks to go!
 The Christmas bells are ringing, the decorations are going up in store, party invitations are rolling in, there’s lots of reminders everywhere you look on social media – so it’s coming! And with it comes the normal slow down with the lenders and the property market in general.
If you want to take advantage of incredible rates being offered by lenders (fixed rates under 4.9% for 3 years, variable at 4.8%!), it’s time to take action.
If you already have a loan, now is the time to refinance.
If you have a home loan and credit card debt, consolidate your debt so you just pay one low rate rather than high credit card interest.
If you’re in the market to upgrade your home, get a wriggle on to secure a property before the slow down (or at least call me to arrange pre-approval which is usually good for three months).
If you’re a first home buyer and finding it hard to break into the inner Sydney market, start thinking outside the square and look at buying an investment property somewhere more affordable. Research shows that since the beginning of 2009, through to the end of October 2012, Sydney dwelling values have risen by more than 50%. What does that mean for you? I think it means you need to find a way in NOW!
Whatever you’re planning to do, now is the time to do it!
Sydney property prices are predicted to continue to grow, probably not at the pace they have been over the past 12 months, but they will continue to rise.
There’s also predictions for the RBA to raise the cash rate, which will see interest rates rise.
It’s only just over 5 years ago (August 2008) that the cash rate was at 7.25% – that’s nearly three times the current cash rate! They’re not predicting for it to get back to that level, but could your budget handle an increase in variable rate?
If you’re setting your budget for 2015, lock in a fixed rate now so you have some certainty over your repayments for the next few years.
To discuss this in more detail, give me a call and we can arrange a time to chat. Now is the time to take action! Please call me on 8217 9333 or 0405 113 543. I’d love to help.
Remember, to to keep up to date like our Facebook page follow us on LinkedIn or Twitter!
Regards Michael
0405 113 543
P.S. If you have found this newsletter useful and have friends or family who may be looking for an open and dedicated Mortgage Broker, please forward a copy of my newsletter to them.
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