News

Did you know that at Glenferrie Group our finance expertise is not limited to residential property.

If you have an existing commercial property loan or you're contemplating a purchase in the near future, we have access to some of the best interest rates on the market. Indicative variable rates at 5.73% pa for loans up to $500,000 and as low as 5.53% pa for loans over $1,000,000.

As always please feel free to call us at any time if you wish to review your existing loan facilities or if we can be of any assistance sourcing new finance for you.

Adrian Rogers - Director / MFAA Credit Adviser

Peter Cleary - MFAA Credit Adviser

Until next time...

Kind Regards,
Glenferrie Group Lending
Level 2, 691 Burke Road, Hawthorn East, VIC 3123 
P.O. Box 1116, Camberwell, VIC 3124)

With interest rates remaining on hold perhaps you’re contemplating purchasing an investment property.

Of all the tax deductions available to property investors, depreciation is the deduction most often overlooked. In order to maximise your return investors should look to implement their own depreciation schedule. Specialist quantity surveyors know exactly what can be claimed to ensure no deduction is missed. At Glenferrie Group we are able to assist you with getting the appropriate report done via our professional association network.

As always please feel free to call us at any time if you wish to review your existing loan facilities or if we can be of any assistance sourcing new finance for you.

Adrian Rogers - Director / MFAA Credit Adviser

Peter Cleary - MFAA Credit Adviser

Until next time...

Kind Regards,
Glenferrie Group Lending
Level 2, 691 Burke Road, Hawthorn East, VIC 3123 
P.O. Box 1116, Camberwell, VIC 3124)

A further prolonged period of stability? Perhaps. The RBA have once again left rates on hold, believing that inflation is unlikely to move dramatically anytime soon.

As a result we're finding that fixed rates are back on the radar. If not for the entire loan, at least for a good part of it.

If fixing a portion of your loan appeals to you, feel free to give us a call to find out which banks are offering the best fixed rates.

As always please feel free to call us at any time if you wish to review your existing loan facilities or if we can be of any assistance sourcing new finance for you.

Adrian Rogers - Director / MFAA Credit Adviser

Peter Cleary - MFAA Credit Adviser

Until next time...

Kind Regards,
Glenferrie Group Lending
Level 2, 691 Burke Road, Hawthorn East, VIC 3123 
P.O. Box 1116, Camberwell, VIC 3124)

Not only are home loan rates down, but so too are motor vehicle and equipment leasing rates. Vehicle Rates (for business purposes) available from our panel of lenders can be obtained from as low as 5.35% based upon a new vehicle Purchase Price of $40,000.**

Please be careful though when considering finance options. In particular finance from a dealership. A recent example of a new $40,000 car purchase revealed additional charges of more than $8,000 for consumer credit insurance and other warranties. These were included in the finance contract resulting in a far higher monthly repayment than otherwise would be the case. A quick phone call to our office and a complimentary review of the finance offer could have resulted in a far different scenario.

** Terms, Conditions Fees apply and are available upon request.

As always please feel free to call us at any time if you wish to review your current finances or if we can be of any assistance sourcing new finance for you.

Adrian Rogers - Director / MFAA Credit Adviser

Peter Cleary - MFAA Credit Adviser

Until next time...

Kind Regards,
Glenferrie Group Lending
Level 2, 691 Burke Road, Hawthorn East, VIC 3123 
P.O. Box 1116, Camberwell, VIC 3124)

Adrian Rogers - Director / MFAA Credit Adviser

Peter Cleary - MFAA Credit Adviser

Until next time...

Kind Regards,
Glenferrie Group Lending
Level 2, 691 Burke Road, Hawthorn East, VIC 3123 
P.O. Box 1116, Camberwell, VIC 3124)

The Reserve Bank of Australia has announced the outcome of its fourth board meeting of the year. As widely predicted, the RBA announced it will be keeping the cash rate on hold at 2.50%.

Melbourne recorded its highest property clearance rate for two months over the last weekend of April 2014 as the market resumed in full swing after the break in activity for the Easter and ANZAC Day holidays.

A total of 761 properties went under the hammer in the Melbourne metro area which was well up on the same weekend a year ago when 690 homes were auctioned.

Melbourne recorded a solid clearance rate of 73.4 per cent indicating that the market maybe steadying after signs of weakening over recent weeks.

May is shaping up as a bumper month for auctions with high activity levels for this time of the year before the usual winter chill steps in to typically deactivate the market.

The outer east resumed its mantle as the most popular area for buyers with the leading regional clearance rate of 82.4 per cent. Next best was the north with 79.6 per cent followed by the inner south with 77.4 per cent, the inner east at 75.9 per cent and the inner city with a weekend clearance rate of 71.9 per cent.

With low inflation and wages growth, high unemployment in a number of states, a steady dollar and the heat coming out of prices growth in housing markets – particularly Sydney - there is no prospect of an increase in interest rates anytime soon.

(Dr Andrew Wilson is Senior Economist for Australian Property Monitors)

As always please feel free to call us at any time if you wish to review your current finances or be of any assistance.

Adrian Rogers - Director / MFAA Credit Adviser

Peter Cleary - MFAA Credit Adviser

Until next time...

Kind Regards,
Glenferrie Group Lending
Level 2, 691 Burke Road, Hawthorn East, VIC 3123 
P.O. Box 1116, Camberwell, VIC 3124)

At its recent April meeting, the RBA left the cash rate unchanged at 2.50% for the eighth consecutive month amid some positive economic data. RBA governor Glenn Stevens said financial conditions in the Australian economy were "overall accommodative".

Did you know that we can assist you in obtaining innovative finance solutions for your motor vehicle, plant & equipment and machinery requirements. So if you are seeking either to upgrade, replace or purchase additional goods then let us save you the time and effort and do the running around on your behalf. Simply request us to source a competitive quote for you from our panel of financiers.

In some cases only nominal documentation is required.

As always please feel free to call us at any time if you wish to review your current finances or be of any assistance.

Adrian Rogers - Director / MFAA Credit Adviser

Peter Cleary - MFAA Credit Adviser

Until next time...

Kind Regards,
Glenferrie Group Lending
Level 2, 691 Burke Road, Hawthorn East, VIC 3123 
P.O. Box 1116, Camberwell, VIC 3124)

The RBA has announced it will be keeping the cash rate on hold at 2.50%, as predicted.

“Soft jobs news and the poor business investment outlook do suggest though that our expectation for rate hikes to commence later this year may be premature, with the risk being they won’t occur [until] next year”. (Source RBA Media Release)

With the cash rate now likely to remain unchanged for some months and lenders continuing to compete on price, key industry sources predict that the property market will continue its recent strong run. (Source Tim Lawless Head of Rismark Research)

In the past several months, homeowners have enjoyed the lowest cash rate of this generation with lenders now dropping fixed interest rates to 20-year lows.

Perhaps a mix of variable & fixed rates is worthy of consideration, depending on your individual circumstances and requirements.

Why not give us a call today to see what we can do you for you!

Please remember that obtaining advice on what would work best for you is extremely important. It could literally save you thousands.

As always, please feel free to call us at any time if you wish to review your current finances.

Adrian Rogers - Director / MFAA Credit Adviser

Peter Cleary - MFAA Credit Adviser

Until next time...

Kind Regards,
Glenferrie Group Lending
Level 2, 691 Burke Road, Hawthorn East, VIC 3123 
P.O. Box 1116, Camberwell, VIC 3124)

A stronger than expected inflation result and improvement in business confidence has encouraged the Reserve Bank of Australia to leave the official cash rate on hold at 2.5% for the sixth consecutive month.

From a housing market perspective, the recent release of the RP Data – Rismark Home Value Indices showed home values were still rising across Australia, up a strong 1.2% over the month of January. The latest housing market results take annual capital gains across the combined capital cities to 9.8%, with every capital city apart from Hobart recording a rise in dwelling values over the year.

Consumer confidence currently remains comfortably in the zone where optimists outnumber pessimists. According to the latest Westpac Melbourne Institute of Consumer Sentiment Index. Australians are relatively optimistic about the economy, and there is evidence that both house prices and housing activity are responding well to the low interest rate environment.

Despite there being an upwards trend in fixed rates towards the end of 2013 smaller lenders are making an aggressive push into the market for fixed-rate home loans, with new figures showing lenders outside the big four banks pinched a significant number of new customers last year.

The jump has come as competition for the fixed-rate market continues to heat up, The non-majors have been agile and focused on service delivery, targeting specific borrowers, and using very attractive fixed rate deals to great effect.

Please remember to obtain independent advice on what would work best for you is an important part of setting up any finance platform that you are considering.

As always, please feel free to call us at any time if you wish to review your current finances

Adrian Rogers - Director / MFAA Credit Adviser

Peter Cleary - MFAA Credit Adviser

Until next time...

Kind Regards,
Glenferrie Group Lending
Level 2, 691 Burke Road, Hawthorn East, VIC 3123 
P.O. Box 1116, Camberwell, VIC 3124)

Many people have a fear of using their property as leverage to purchase an investment property as they fear risking their own home. However the risk can be somewhat minimised by having a decisive plan and exit strategy from the outset. As the investment property increases in value the Bank in normal terms would no longer require your own home to be part of the overall security hence the investment would be able to be considered as “stand alone”. As always buying in the right locality and the right type of property is crucial to your plan so be sure to carry out extensive research yourself in the first instance.

Also remember to obtain independent advice on what would work best for you is an important part of setting up any finance platform that you are considering.

As always, please feel free to call us at any time if you wish to review your current finances

Adrian Rogers - Director / MFAA Credit Adviser

Peter Cleary - MFAA Credit Adviser

Until next time...

Kind Regards,
Glenferrie Group Lending
Level 2, 691 Burke Road, Hawthorn East, VIC 3123 
P.O. Box 1116, Camberwell, VIC 3124)