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Low Doc 7.72% - upto 80% with no BAS and No Doc upto 60% still available!

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A recent report in The Australian Financial Review states that the housing shortage will push past 200,000 dwellings by the middle of 2010. This is the finding of the National Housing Supply Council's second report.

How should we be approaching the shortage situation? In my view, we can't change the effectiveness or otherwise of government delivery of new land. However, if there is already a major shortage, and it's not likely to get better, can we take advantage of it? The answer is 'yes'. By investing in more property, knowing that both supply-side and demand-side factors will simply drive prices up and the fact that cash-strained governments and councils can't reduce the cost of fresh supply.

Source: The Australian Financial Review, p57, Wednesday 28 April 2010

They can quote a low interest rate, however they neglect to tell you that their cut is a 2-4% commission making their 8% rate really an end rate of 12%. If you only ask what interest rate thats all you get. Then they can upon settlement add the application fees, commission and charges onto the loan making the rate and the end monthly loan repayment not such a bargain after all. Remembering that you only ever see a fixed amount come out of your savings account every month with no rate quoted so you usually will never know if you truly did get 8%. They may also put you into a lease with a 5 year balloon (residual) to reduce the monthly repayments as this will help seal the deal as well. But have you considered whether you would like a new car at the end of the lease and whether after 5 years your kilometres will be over 100km which pulls the sale price down! You may have been much better off financially with a 4yr balloon enabling you to keep the car under 100km for saleability!

I CAN FINANCE:

• Motor Vehicles (Business & Personal), Light Commercial Vehicles, Heavy Trucks/Trailers, Equipment
• Replacement Policy - any new or existing car can be financed (from any financier) without any supporting financials if you can evidence 6 months good conduct on previous (within 6 months) or existing finance loan.
• Low Doc Loans, fast approvals plus pre-approvals
• I can also arrange a Personal Lease for the family car from 9.6%, whereby you would otherwise pay anything upto 15% for a personal loan through a bank.
  
  I will always try and beat any competitor, but I must be comparing apples to apples, so ask:
• What is my EXACT end monthly repayment inclusive of all fees and commissions. (Get that in writing if you don't finance through me)
• Does this include all the fees and your commission or do I have to pay other fees upfront and what are they?
• What is my balloon or residual that you have calculated this repayment figure with (i.e. 1,2,3,4 or 5 year residual)?
  

I discovered two interesting facts the other day. Firstly there are more people alive today than have lived in total through history and the UN Population Division Expects us to reach 'peak humanity' (the maximum number of people alive before a decline in birth rate as a planet) of 9.2 billion sometime between 2050 & 2070. That's an estimated increase of over 35%. Where are they going? Well we are certainly getting our fair share here with over 450,000 people making Australia home last year (likely an unsustainable number, but we can be sure they will keep coming!). While the numbers are close in where those new residents are going between QLD, NSW and Victoria (>75% of all new residents), its important to note the differences in supply & demand in each state. Despite all the hype around Victoria at the moment, the long term prospects are not as sound with the lowest constraints to supply and an undersupply of property less than half that of NSW and QLD (and even less than WA). QLD is the stand out with a much smaller population yet only 1500 lower undersupply than NSW giving it an undersupply of 56,100 homes (more than 30% of the national figure!). It is also important to note that 80% of all Victoria's growth occurs in Melbourne and 77% of NSW in Sydney while just 45% of QLD's growth occurs in Brisbane. This makes other centres in QLD great investment opportunities. There are two that particularly stand out to us ... to find out more you can wait until the next newsletter ... or you can click the INVESTOR PROPERTY link in the left margin if you want to know now!

Kathy Euers - Investor Finance - 0405 482996