Brad & Robyn’s Caravan Trips & Tips

This week’s news:

# There is a new offer from St George which is offering 1.13% off the standard variable which gets the rate down to 4.66% for the first 12 months and then allows a switch to the professional package after 12 months with waiving the $500 switch fee. So very hard to beat in the current market, cheapest option available now.

# Fixed rates continued to move this week. 3 Year fixed at 6.79% available and 5 year fixed at 7.09% available.

# 4.99% still available on variable

# Don’t forget the value of our family equity or family pledge loans to get your deals across the line. We have seen many deals fall over on finance lately through the bank’s tighter lending policies. This is a way around the mortgage insurers and really is the only way to avoid the genuine savings requirements of the mortgage insurers. So if you have a client who is experiencing issues with their lender through one reason or another, send them over and I will review with these options in mind to see if we can avoid the mortgage insurers.

# Also a reminder if any purchaser needs a cover note for home insurance or anyone for that matter, we have a great relationship with Alliance General Insurers and in most cases we are finding large savings. We also can throw cars, contents and landlord insurance into the mix with this.

The forecasts this week:

# AUD term rates have fallen from their recent highs as risk aversion out of equity markets have supported bond yields. However the medium term outlook remains for upside pressure in yields should domestic ratescontinue to be resilient and is likely to lead the Reserve Bank raising rates before the end of the year. Markets have fully priced in a 0.25% interest rate rise in November with a 50% chance of another 0.25% rate increase in December.