Monday, 31 October 2011

Noosa Man builds Million dollar House for $35000 Watch Video

Frank Fekonia quietly passed away in Noosa Hospital last
Sunday evening at 8.30 pm on February the 27th 2011
He had been ill for a long time and he is now finally at peace.
Frank Fekonia built his own three level home with a million dollar view for very little money and a lot of concrete.
More info:

Sunday, 30 October 2011

Transfer of land or business calculator

Transfer of land or business calculator
link below


A sale or transfer of land (including improvements) or a business in NSW is liable to duty.
It is immaterial whether or not the transaction is effected by a written instrument or by other means, including electronic means.
A liability for duty arises when the sale or transfer occurs. However, if the sale or transfer is effected by a written instrument, liability for duty arises when the instrument is first executed.

Duty is payable within 3 months of the date liability arises. The purchaser or transferee is liable to pay the duty.

Saturday, 29 October 2011

Redrawing the Australian map for 2050 VIDEO

Video below (for travis relax and listen)
if you cant see video below click on the title above and go straight to the website.

Brian Haratsis, managing director and chief economist at MacroPlan Australia, and Joe Langley, senior executive for urban planning at Sinclair Knight Mertz, detail their 21st century Australian map.
View the discussion around hotspots for growth, population, migration, the labour market, economy, value capture strategies, and the types of development that Haratsis and Langley want to see occur.

Also of interest Our Nation app
Our Nation app enables users to explore alternate futures, based on population - and looks at settlement, hardware and software needs.
Property Council CEO Peter Verwer demonstrates the capabilities of the app, still in beta testing.
He discusses some of the app's scenarios, sustainable growth and alternative action plans with Andrew Macleod, Committee for Melbourne CEO, and Professor Brian Howe AO, COAG Reform Council on Cities chair.

View the discussion around:
  • How many Australians there will be
  • Where people will live
  • Community software and hardware that need to be planned for
  • What a growing Australia might demand of its leaders

Friday, 28 October 2011

REFUND Home Loans closes. Hope your not one of them

Reward Home Loans entered voluntary administration Funny how their website is still up.

 source ABN
Margin squeeze, costs may have killed Refund
By Adam Smith | 20/10/2011 5:00:00 AM     

Commission refund models can only work with extremely low operating costs, a refund service has claimed.

Following the announcement that Refund Home Loans has entered voluntary administration, Refunds Direct managing director Strachan Taylor has told Australian BrokerNews a large franchise network operating on a commission refund model was fated to prove unviable.
"It comes down to a cost-revenue relationship. What we've seen is costs go up and revenues go down. A lot of these franchises were probably marginally profitable at best, and it wouldn't take much to tip them over," he commented.
Taylor pointed to banks squeezing commissions following the GFC, along with the increased compliance costs associated with the NCCP. He said these factors meant a refund model with high overheads would be difficult to maintain.
"For the value brokers deliver there's a cost, and that has to be covered," Taylor said.
In addition to this, Taylor echoed comments from Refund Home Loans communications consultant Peter Sawyer, who admitted the company fell victim to "over-exuberant growth".
"Refund saw phenomenal growth over a period of three or four years. Costs always lead and revenues always lag, so that would put a tremendous strain on the business, despite franchisees paying franchise fees," he remarked.
Taylor's business runs a no-advice referral service, with most customer interaction occurring online. He said this low operating cost allows the model to be viable. Though Taylor commented that the business would "quite categorically state that we're not brokers", he said he did not consider the business a source of competition for brokers.
"Yes, it's going to overlap slightly, but we think the market is big enough to handle both. Even in the heyday of the broker channel, half the market still wanted to go direct," Taylor said.
Related stories:
Refund failure should serve as warning
Refund model labelled 'unviable'
Franchisees could buy Refund        

             Commissions to continue for Refund

By Adam Smith | 19/10/2011 9:15:00 AM | 3 comments Share on LinkedIn
Commission payments to Refund Home Loans will continue as usual, but the future of franchisees' trail books is in doubt.
The company announced last week it would enter voluntary administration, telling Australian BrokerNews it was unable to finance debt amassed during its expansion. Choice CEO Stephen Moore has now said the aggregator will continue to pay commissions as usual to Refund.
“I can confirm that Choice will continue to meet its obligations with Refund when it comes to the payment of commissions,” he commented.
While Choice will continue paying commissions to Refund, Moore said the payment of commissions to individual franchisees falls to Refund Home Loans.
“The relationship on paying commissions to Refund franchisees is Refund’s responsibility, so we have no say over that. We’ve certainly encouraged the administrators to continue to support the franchisees,” he said.
Moore confirmed the group's trail books are owned by Refund rather than Choice, and hence are at the mercy of administrators. With this in mind, Moore said Choice had actively advocated for Refund brokers with the administrator.
“We’ve been in contact with the administrator and made our thoughts known that our primary concern is with the individual Refund brokers. The company has a significant number of brokers, and in this distressing period a number of them are quite concerned,” he said.
Though Moore could not speculate on the administrator’s plans for the Refund business, he said the administrator’s public position was that it would look for buyers for Refund rather than liquidating the company’s assets.
“The administrator’s stated position is to look for a buyer to sell the business to as a going concern,” Moore said.
Choice has been in contact with Refund franchisees, Moore added, and would continue to provide them with aggregation services.



Event Snapshot


  • On Thursday 03 November from 07.00 to 21.00
  • On Friday 04 November from 10.00 to 21.00
  • On Saturday 05 November from 09.00 to 19.00
  • On Sunday 06 November from 09.00 to 19.00


IKEA Tempe, 634/726 Princes Highway Tempe 2044
Other Services:





Meatball maniacs rejoice, IKEA is celebrating the store opening of Tempe in Sydney – the largest free-standing retail store in the Southern Hemisphere – with a MEGA MEATBALL MARATHON! Over the opening weekend of the 3rd – 6th November, IKEA will look to serve up the world’s biggest helping of meatballs: a quarter of a million or 2.5 tonnes of meaty morsels!

IKEA has a long-standing relationship with the humble meatball, with its first serving plated up back in 1958 in Ă„lmhult, Sweden. Today, IKEA serves over 1.5 billion meatballs each year across the globe.

IKEA Australia produces meatballs using 100% Aussie beef to a traditional Swedish recipe, served up in the unique Swedish way – with lingonberry jam and cream sauce. Since IKEA’s meatballs have been satisfying the masses (and hungry shoppers) for years, what better way to celebrate the new opening than with the biggest meatball marathon the world has ever seen?!
To be part of the action (and history in the making…) head down to the Tempe IKEA store over the opening weekend for your FREE serving of meatballs!

What: World’s Biggest Meatball Marathon
When: Tempe: 3rd – 6th November
Where: 634/726 Princes Highway, Tempe NSW

Not just known for its clever product design, IKEA also serves up some seriously impressive amounts of meatballs, hotdogs and soft serve ice-cream throughout its Australian restaurants each year. Check out some of the portion sizes below!

Meaty IKEA Servings:
*Throughout Australia, IKEA currently serves 254,000 kilograms of meatballs each year. Following the opening of Springvale and Tempe, IKEA predicts the volume of meatball sales to almost double weighing in at a whopping 524,000 kilograms! That equates to 26.2 MILLION – that’s allota meatballs!
*Tempe looks set to serve up 160,000 kilograms / 8 million meatballs over the course of the year
*Currently IKEA serves up 1.2 million hotdogs across Australia, post the Tempe and Springvale store openings hotdogs will go barking mad with a projected volume of 3 million consumed annually
*Breakdown of hotdog servings – Tempe 1,000,000 hotdogs
Soft Serve Ice Cream
*Soft serve ice cream scoops up 900,000 cones a year. The opening of Tempe and Springvale will bring that up to 1.6 million servings!
*Breakdown of soft serve ice cream scoops – Tempe 200,00 cones
IKEA Tempe will be the largest freestanding IKEA store in the Southern Hemisphere. IKEA Springvale and IKEA Tempe will both offer a bigger selection of great value products and a better shopping experience.

Thursday, 27 October 2011

What is the Cooling Off Period?

What is the Cooling Off Period?

A Purchaser of residential property in New South Wales has a five (5) business day Cooling Off Period after exchange of the Contract.  During this period, the Purchaser has the option to get out of the Contract as long as they give to you written notice of their intention to do so.   The Cooling Off Period starts as soon as the Contracts have been exchanged and ends at 5.00p.m. on the fifth business day.

If a Purchaser exercises their rights under the Cooling Off Period and withdraws from the Contract, they will have to pay to you 0.25% of the purchase price which is $250.00 for every $100,000.00.

You can ask the Purchaser to waive the Cooling Off Period and they can only do so by giving you, through their Solicitor, a Certificate under Section 66W of the Conveyancing Act 1919.  The Certificate needs to be signed by the Purchaser’s Solicitor.

A Cooling Off Period does not apply if the Purchaser has bought your property at Auction or exchanged Contracts on the same day as the Auction after it was passed in.

The deposit is usually held by the Agent pending completion of the sale and typically the Agent’s Commission is paid from that deposit, with the Agent then accounting to you directly for the balance following settlement.

From exchange to settlement
Once an exchange of Contracts has occurred, we undertake all those tasks necessary to prepare the matter for completion.  This involves:
Writing to your Bank and advising them that the property has been sold and requesting that they prepare a discharge of any Mortgage they have over the property.  We liaise with the Bank as to the final amount to be paid on settlement.
  • The Purchaser’s Solicitor will forward to us a series of questions about the property and matters relating to it known as “Requisitions on Title”.  Upon their receipt we will go through these with you with our suggested answers and then provide those responses to the Purchaser’s Solicitor.
  • Upon receipt of the stamped Transfer from the Purchaser we will arrange for it to be signed by you.
  • In the event that there is no mortgage on the property, we will need to obtain from you the original Title Deed.
  • Towards the end of the process the Purchaser’s Solicitor will calculate the amount to be paid by the Purchaser on settlement.  This calculation will include an adjustment of Council rates and water usage either to you, if you have already paid them, or if they remain unpaid, an allowance is then made to the Purchaser for your share of those rates/water.  These figures are then checked by your Solicitor and then provide to the Purchaser’s Solicitors a list of cheques that are required on settlement, totalling the amount payable by the Purchaser.  These cheques often include a cheque in favour of your Bank and how you may otherwise wish those monies to be paid.
  • Settlement is then arranged by us at a time and date both in accordance with the completion date in the Contract and when your Bank and the other parties can attend.  On the day of settlement we attend on your behalf ensuring that all relevant documentation is handed to the Purchaser and Bank cheques are received on your behalf in accordance with your instructions.
  •  Fees are paid by you on settlement, often from the proceeds of sale. 
  • On the date of settlement, the Purchaser will usually require a final inspection of the property to ensure that everything is in order.
  • You do not need to attend settlement as we,as your Solicitor attend on your behalf, however we are happy for you to accompany us to settlement, should you wish.
  • After settlement the Purchaser or their Bank will arrange for the registration of the Transfer in their favour with the Land and Property Information (formerly Land Titles Office).  The Land and Property Information will then notify the Local Council that the property has been sold, though this often does not happen until some weeks after settlement.  Sometimes you may receive a Rate Notice from the Local Council following settlement if it has issued by the Council prior to them being notified that the property has been sold.  In that event, you should just forward the Rate Notice to either the Purchaser or us and we will make the necessary arrangements to have it forwarded to the Purchaser on your behalf.


Wednesday, 26 October 2011

Easements – Who Makes the Bed in the Morning?

Easements – Who Makes the Bed in the Morning?

Easements, do you understand how they affect you?
An easement is the right of one land owner (dominant tenement) to utilize another persons land (servient tenement) for certain beneficial purposes.  Two examples are a Right of Way and an Easement for Services such as drainage, sewerage, telephone and electricity. Easements are usually created in writing using a Section 88B
instrument, which is then registered at the Land and Property Management Authority and noted on both Certificates of Title. Therefore, the owner of the dominant land has an equitable interest over the serviant land.
The law can be fairly uncertain in regards to who is responsible for maintenance and care of the easement. The common law states that if the person holding the dominant tenement wants the easement repaired or maintained, they usually have to attend to it themselves. Therefore, they are entitled to enter upon the land to repair or maintain the easement, but not to upgrade or improve the easement.
Although the holder of the serviant tenement is not obliged to maintain or repair the easement, the dominant tenement may lodge a positive covenant on title,compelling them to attend to repairs. However, this requires agreement and could potentially be time consuming and expensive.  Also, a positive covenant does not bind future successors on title of the servient land.
So who makes the bed in the morning? Maybe it’s a shared responsibility.
Nick Johnson specialises in Conveyaning and related matters and can assist you if you are buying or selling your home. Feel free to phone Nick on 6333 4400, or call into our office at Level 1, Suite 4, 90 Keppel Street Bathurst for an appointment.

Tuesday, 25 October 2011

1 January 2012, the First Home Plus Scheme will be replaced by the First Home

First Home Plus

Note: From 1 January 2012, the First Home Plus Scheme will be replaced by the First Home – New Home Scheme.
The NSW Treasurer, the Hon. (Mike) Michael Bruce BAIRD, MP announced the following changes to State taxes and duties as part of the 2011 State Budget:

First Home – New Home

From 1 January 2012 First Home Plus exemptions and concessions will be replaced by the First Home - New Home Scheme.
The amendments provide that an agreement or transfer will only be eligible for the concession or exemption if it is for the acquisition of a new home or vacant land intended to be used as the site for a new home.

Schedule 1 [8] removes duty concessions and exemptions available to certain first home buyers under the First Home Plus scheme. Under that scheme, no duty is chargeable on an agreement to sell or transfer, or on a transfer of, a first home with a dutiable value of up to $500,000 (or vacant land with a dutiable value of up to $300,000). Concessions apply for an agreement to sell or transfer, and a transfer of, a first home with a dutiable value of more than $500,000 but less than $600,000 (or vacant land with a dutiable value of more than $300,000 but less than $450,000). The amendment provides that an agreement or transfer will no longer be eligible for the concession or exemption unless it is for the acquisition of a new home or vacant land intended to be used as the site of a new home.

Schedule 1 [1]
renames the First Home Plus scheme the First Home—New Home scheme. Schedule 1 [6] provides that the amendment will apply to agreements entered into, and transfers that occur, on or after 1 January 2012.
Schedule 1 [10]
inserts definitions of home, new home and substantially renovated home.
is defined as a building (affixed to land) that
may lawfully be used as a place of residence and is, in the Chief Commissioner of
State Revenue’s opinion, a suitable building for use as a place of residence.

Newhome is defined as a home that has not been previously occupied or sold as a place of residence, including a substantially renovated home.

Substantially renovated home
is defined as residential premises that have been created through substantial renovations and, as renovated, have not previously been occupied or sold as a place of residence. Substantial renovations are renovations in which all, or substantially all, of a building is removed or replaced. However, the renovations need not include removal or replacement of foundations, external walls, interior supporting walls, floors, roof or staircases.  
Schedule 1 [4] is a consequential amendment.
Schedule 1 [5], [7], [9], [12], [13] and [14] omit obsolete provisions relating to duty discounts, the NSW Housing Construction Acceleration Plan and the Flood-prone housing scheme. Schedule 1 [2], [3] and [10] are consequential amendments.
Schedule 1 [14] enables savings and transitional regulations to be made as a
consequence of the enactment of the proposed Act.
Schedule 1 [15] provides for transitional matters.

Residency requirements

Both the First Home Owner Grant and First Home Plus Schemes have residency requirements.
Under the First Home Owner Grant Scheme, at least one applicant must occupy the home as their principal place of residence for a continuous period of six months commencing within 12 months of settlement or construction of the home.
Under First Home Plus and First Home Plus One, if you are buying an existing home:
  • at least one of the eligible purchasers must occupy the property as their principal place of residence for a continuous period of at least six months, with that occupation starting within 12 months after completion of the agreement or transfer.
  • in the case of vacant land, the Chief Commissioner must be satisfied the vacant block of land is intended to be used as the site of a home to be occupied as the principal place of residence of one of the eligible purchasers.
Note: An exemption from the residency requirement may be available where an applicant was a member of the permanent forces of the Australian Defence Force and all applicants were enrolled on the NSW electoral roll as at the commencement date of the eligible transaction.
If, for some reason, you are unable to move into your new home within 12 months and still intend to occupy it as your principal place of residence, you must forward an application to the Chief Commissioner for an extension of time before the end of the 12 month period. The Chief Commissioner does have the discretion to extend the time for you to move in and his decision will be based on the merits of your claim.
If, after receiving a first home benefit, you are unable to move into your new home at all, due to circumstances outside your control, you should apply to the Chief Commissioner for consideration of waiving the residency requirement, as soon as you are aware of such circumstances.
If the residency requirement is not met and you have not been granted an extension of time or had the requirements waived, then within 14 days of the end of the 12 month period you must :
  • give written notice of this fact to the Chief Commissioner, and
  • pay back the grant and/or relevant duty to the Chief Commissioner. The relevant duty is the amount you saved as a result of an exemption or concession on transfer and mortgage duty.

Friday, 21 October 2011


First off if you want email alerts when this page updates 
enter your email in on the top  of page.

My last Property website was we bought for $519,000 and sold after 4 months for $785,000.

If you want to know how I did it email me

1. VIDEO of Slides from today's talk and older 17 minute video of other apps.

2. links to all APPS.

VIDEO of Slides from today's talk

TECH TALK HERE this one is 17 minutes long....

iPad Apps for Property ALL FREE....YEAH

Below is a list of links.
Home computer laptop or desktop
If you click on your home computer laptop or desktop, the they open and save in iTunes and then 
you sync apps when you sync your computer to your iPhone, or iPad.
iPad direct , open this page on your iPad and click links. 

go to safari
and enter my website in
then under bookmarks save to my home screen.

watch video first

Then download here

Mining towns talked about today look at map below
and if you want read a previous blog on mining click link below:

The Renovators auction results

Television bright lights short-changed The Renovators auction results

By Chris Gray

reblogged from Thursday, 13 October 2011
It was a good result to get six properties sold on last night’s finale of The Renovators in current uncertain market, even though we were expecting a much better result as all properties had been transformed significantly and renovated to a very high standard.

The fibro cottage at 85 Harold Street, Blacktown, made $68,000 profit on a $310,000 property or 18.28% on total costs.

The half-done house at 5 Frederick Street, St Peters was the biggest bad shock, as it sold for $770,000. This was $130,000 below the agent’s expectations of $900,000.

The shop, at 146 Addison Road, Marrickville, which was transformed into a three-bedroom, one-bathroom abode, was the biggest good shock selling at $700,000 –  $30,000 above the agent’s expectations of $670,000.

The weatherboard, at 51 Franklin Street, Parramatta sold dead on the agent’s expectations of $575,000.

The ‘60s suburban at 15 Anthony Road, Castle Hill, which is no longer stuck in a timewarp.Castle Hill, sold for $730,000. This was $40,000 below the agent’s expectations of $770,000.

The inner-city terrace, at 12 Hegarty Street, Glebe sold for $925,000 – $12,500 above the agent’s expectation of $912,500.

Some people will not go to a televised auction under any circumstances, even though there was a large level of interest in the properties. Bidding at an auction is like public speaking, and most people fear it more than death. To be put on the spot in front of such a large audience and on national TV would be a nightmare to a lot of people, and so they will not turn up or bid under any circumstances.
Selling property by auction is not just about that night, it's about pre- and post-auction negotiations. A lot of property at the moment is being sold pre-auction, as agents know it's an uncertain market, and they will happily take a good offer before. For most of the properties that sold at a loss, in reality the auctioneer would have used a vendor bid or passed the property in and then negotiated afterwards and would have got a higher result.

As it's a TV show it was better to get a result on the night.
Many properties sell within days of the auction night and at a much higher price. For example on The Block the second property sold that same night and the third and fourth sold within three or four days at a profit.
The contestants had to spend a 20% budget to keep everyone on the same playing field.

In reality some properties might have been better off spending less as there is a point where you start to overcapitalise.
Due to time constraints, they also had to hire in and pay for trades where they would normally have done the work themselves effectively for free, so they wouldn't have spent so much cash.

They had to pay to furnish their properties rather than renting styled furniture. A lot of buyers may not value what they had spent on interiors as they have their own furniture.
It’s a TV competition and not 100% reality of how someone might make commercial renovation decisions in practice.

Buying, renovating and flipping is different to buying and holding The Renovators had to do things properly, e.g. replacing sewage systems, and they had to get guarantees in place. If they were selling they wouldn’t necessarily improve things that didn’t need immediate attention or didn’t need to be fixed immediately.
Chris Gray is CEO of Empire Property Portfolios and was a judge on Channel Ten show The Renovators.
For expert commentary and analysis on lessons to be learnt from property reality TV, download our e-book Lights,

Thursday, 20 October 2011

Deliver exactly what that buyer wants

As with any property you need to make a property that delivers exactly what that buyer wants.
What do I mean.

1. Price point. How much is the range low to high.
And what price range are they buying TODAY.
What is the exact price of properties that are selling at.

2. Their tastes . eg Floor Boards , Kitchen , Bathroom. Parking. 

3. The paint, yes the paint. That buyer likes modern colours and that can make a big difference.

4. Lifestyle - yes its amazing what an outdoor setting with a Stainless Steel BBQ and then comes the internal fit out. Hint: its not Ikea its Space Furniture. HIRE IT so they can DREAM IT.

MOST IMPORTANT is to do an apm report on the buyers. AGE , JOB , TRANSPORT.

Also I think the agent is also super important. They need to communicate and attract to the buyer.
You also need them to prove to you what the comparable are.

I have had great results with one agent who now knows my buyers so well that he guides me
straight away, when buying what the criteria is.

Good Luck remember any help needed I will do my best to guide you email me
but remember.
You need to do the research, I can guide you but I was taught that you need to prove things to yourself and my mentor guided me to do this.

I really love her direction she has always said to me WHAT DO YOU THINK.

She listened to the answers then came back with an opinion and advice on what more I should do or what direction I should go.......Do the figures and prove the cost of the buy with comparable.

Don't pay too much....and what ever you do pay must be able to match a deal on the market.
I prefer run down property that is totally not what the market wants and then change the percentages of the buyers from me the 10% to the 90% of buyers that want a property exactly for what they envisage.

Tuesday, 18 October 2011

Confidence for the Australian housing market CCI PART 2

Is this my blog no its RPDATA report.
I think I enjoy spreading articles that are relevant to investors, so from time to time
I will post a sourced article that I find beneficial and here it is.
I found it great reading hope you do too.
source: rpdata

The relationship between consumer confidence and housing market activity is a topic that we often comment on in relation to the housing market.  The importance of a positive consumer mindset is simple; for a prospective buyer to make a high commitment purchase decision like buying a home they need to have a base line level of optimism about their job security, their ability to service a mortgage and the prospects for the housing market.
To illustrate the importance of consumer sentiment in the home buying decision making process we can show the correlation between sales volumes and consumer confidence.  The trend in consumer confidence and national sales volumes has shown an 84% correlation since the start of 2008.

There is also a lagging correlation between mortgage rates and consumer confidence, as can be seen in the graph below.  Generally, when interest rates are falling consumer confidence will show an improvement and vice versa.

The big question at the moment is where consumer confidence is heading from here.  In August, the Index published by Westpac and the Melbourne Institute was getting close to the lows seen back in late 2008 when the GFC was in full swing.  The September figure, which came through earlier this week, showed an 8.1% improvement in the confidence index, perhaps marking the turning point for this important indicator.
The ‘Time to Buy a Dwelling’ Index, which is a subset of the Consumer Sentiment Index showed a strong bounce over September, improving 14.3% over the quarter and 16.4% over the year.  This component of the Index has bounced back to levels not seen since September 2009, the month prior to interest rates commencing their tightening cycle.

Interest rate stability and the prospect of rates potentially falling may see confidence continue to improve.  If the cash rate does actually come down, as the financial markets and a growing number of economists are expecting may be the case, we may see a more significant improvement in the Consumer Sentiment data when it is released each month.
In balance, any significant or swift rise in consumer optimism is likely to be tempered by any further softening in labour market conditions or deterioration in global/local economic conditions.  Uncertainty surrounding both these factors is likely to continue to provide some counter balance to improvements in the consumer mindset.

source : rpdata

Monday, 17 October 2011


In spring we all know that buyers are out and ready.
But this year we also have a new element and even I don't know the exact effects, but I see change now.
So I predict that there will be more sales in the coming months because buyers will be ready to move and finalize a deal before the years out.
How can we take advantage of this.
First we need to know what they are after.
This now comes down to seeing if the Grant applies to your property for sale.
If not then its simply does not meet the criteria , BUT does that mean that the buyers drop out from there on.
NO NO NO they are out there now and ready.
They are 50% buyers they are half ready and probably approved. the 50% is done in them getting the money.

HOME loan approvals have risen as homebuyers grow increasingly confident that interest rates will stay on hold - or even fall - over the coming months.
The latest official figures show the number of home loans approved in August rose 1.2 per cent to 50,965 - the fifth straight month that housing finance commitments have risen.
The Australian Bureau of Statistics figures show the value of total housing finance offered to prospective house-buyers by lenders climbed 1 per cent in August, seasonally adjusted, to $20.8 billion.
Economists said the growing consensus that the Reserve Bank was less concerned about inflation and would not lift the official interest rate above the current setting of 4.75 per cent until at least mid next year had helped the housing market.
The Reserve Bank hasn't raised the cash rate since Melbourne Cup Day last year. ANZ and Westpac are now predicting a 25-basis point cut before Christmas.
Citigroup economist Josh Williamson said the trend in housing finance suggested the mild falls in house prices should be abating.

"This could reflect the stability in interest rates this year," Mr Williamson said.

JP Morgan added it might be the start of a "mini-rally" but not the start of a property boom.

"In our view, the RBA have little appetite for cutting rates as the data currently stands," JP Morgan economist Ben Jarman said.

This means that they would like a cheaper house to take advantage but also they are approved for a loan of who knows what amount.

Conclusion: More approved buyers are out there. 

According to the Australian Bureau of Statistics, the total number of loans approved rose 1.2 percent month-over-month in August, compared to a revised 1.9 percent increase in July. Loans for new home purchases rose 6 percent after dropping in July, while refinancing loans rose 1.7 percent. On a value basis, refinancing loans rose 4.2 percent in August.

The figures follow a string of data over the past couple of weeks pointing to improvement in the housing sector and in consumer sentiment. On Tuesday, the Westpac Consumer Confidence Index rose to a 4-month high, while data releases last week showed stronger-than-expected building approvals and retail sales. At the same time, the figures come as Australian government bonds continue their losing streak on reduced expectations that the Reserve Bank of Australia would cut rates amid stronger domestic conditions. 

Westpac Consumer Confidence Index 
Officially called the Consumer Sentiment Index, this figure measures the level of consumer confidence and is an average of five indexes measuring different aspects of consumer fiscal health. This is one of the few indicators that are entirely expectation based. Households report their views on current buying conditions for household items and where they feel are the "wisest" places to invest savings. Views on future political policy (taxes, politicians, government) and economic conditions (wages, inflation, unemployment) are also surveyed.
Confidence figures are often leading indicators for the consumer spending and the economy as a whole. The headline figure is percentage change in the index value from that of the previous month.

 Want to know more look at this page tomorrow....CCI PART 2


Sunday, 16 October 2011

Exactly what is the Threshold FHOG must read !!!! before end of 2011

First Home Loan Grant NSW

These are My Friends! the FHOG.
Yes they are buying now more then ever. 4 friends in the last 3 months.
They are aware.
This is the key here. Since the government has made them aware of the FHOG ending it creates a push.
The push here has been to get in now and go get a loan before 2011 ends and buy SOMETHING.

  1. New South Wales: NSW Office of State Revenue
  2. South Australia: RevenueSA
  3. Tasmania: First Home Owners Grant Tasmania
  4. Victoria: The State Revenue Office (SRO)
  5. Western Australia: First Home Owners Grant Western Australia
  6. Queensland: Office of State Revenue
  7. Queensland: Office of State Revenue - Regional First Home Owner Grant (RFHOG)

THIS source IS NOT : Mortgage Choice will not ever send any free information again from,
Mortgage Choice.
I have been told not to share any of their information, so
looks like I will stick to promoting the friendly guys who love to share information
and give excellent advice

So remember to my 238,888 subscribers next time you want a loan, go directly to the information


First Home Buyer loans

Buying your first home is an exciting time. We understand that there are many new things to know and learn about such as:-

  • How much can I borrow?
  • What price range can I start looking at for our home?
  • How long will it all take before I am my new home?
  • What will our monthly mortgage payment be?
  • What are the hidden costs no-one else tells me about unless I ask?
  • Do I qualify for the First Home Owners Grant?
  • How much is the First Home Owners Grant?
  • How much deposit do we need?
  • Can I use the First Home Owners Grant as my deposit?
  • I’m confused, where do we start?

Our team at Investor Loans Network will make it easier by helping you through the steps. We will do all the loan application paperwork for you and can assist you with the government First Home Owners Grant Scheme too.

You may be eligible for concessions on stamp duties and other government fees also. Our trained finance strategists will ensure that you don’t miss out on any concessions you qualify for. You could save thousands!

We offer a number of loan products to help first home buyers get into the property market sooner. In some circumstances, you may be able to borrow up to 100% of the value of the property.

We have special loan products which offer reduced interest rates to you in your first year. This gives you the freedom of making extra payments during this time or perhaps using your saved cashflow to buy furniture for your new home. The choice is yours!
Disclaimer: The information on this website should not be relied upon in anyone’s particular circumstances. If any person wishes to rely on the contents it is done so at their own risk. It is advised that each person seek professional advice for their own particular circumstances.
© 2014 Investor Loans Network
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link for below table:

Friday, 14 October 2011

Ultimate Real Estate 3 Day Bootcamp FREEBIES

First off if you want email alerts when this page updates 
enter your email in on the top  of page.

My last Property website was we bought for $519,000 and sold after 4 months for $785,000.

If you want to know how I did it email me

1. VIDEO of Slides from today's talk and older 17 minute video of other apps.

2. links to all APPS.

VIDEO of Slides from today's talk

TECH TALK HERE this one is 17 minutes long....

iPad Apps for Property ALL FREE....YEAH

Below is a list of links.
Home computer laptop or desktop
If you click on your home computer laptop or desktop, the they open and save in iTunes and then 
you sync apps when you sync your computer to your iPhone, or iPad.
iPad direct , open this page on your iPad and click links. 

go to safari
and enter my website in
then under bookmarks save to my home screen.

watch video first

Then download here