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Falling Interest Rates Create More Positive Property – Free Information Night Tues 10th Feb in Byron Bay.
Property investors are licking their lips now that falling interest rates have slashed the cost of property ownership. With discounted mortgage rates hovering just above 6% and the likelihood of more cuts to come, the gross rental return from many more properties is now sufficient to cover the total costs of ownership. With many economists forecasting rates to drop another 1% this year, a discounted mortgage rate of 5% is likely. This represents a 44% fall in interest rates and now makes every rental dollar more effective.
As a result, there are terrific opportunities to buy property in good metropolitan locations and expect that the rent will be sufficient to cover all the costs. This makes property ownership easy with no out-of-pocket costs weighing down the investor. Even better, the property market is brimming with great buying opportunities at the moment due to the negative perceptions about the economy. With the share market tumbling by 40% and property holding its value and beginning to gain again it is only a matter of time before investors flock to residential property again, with demand creating more price growth.
While fear is still the predominant sentiment at the moment, many astute property investors are buying new properties, prepared to ride interest rates down over the next year, making them cash flow positive. When rates look like rising again, probably in late 2010, they can fix their rates for 5 years, ensuring their properties are paying for themselves no matter what happens. As the world’s most successful investor, Warren Buffet says, “When people get greedy, get fearful and when people get fearful get greedy.”
At 888 we have identified some great positive cash flow buying opportunities in selected suburbs of Brisbane and in the Surat Basin gas and energy precinct 210 km west of Brisbane.
We have lots of buying experience in Brisbane and are ready to offer our property buying expertise to clients to take advantage of these opportunities. We have also created a buyers agent alliance with Blue Horizons Property operating in Dalby, Chinchilla, Toowoomba and Miles, offering excellent cash flow positive new homes at wholesale prices.
Our free information evening on Tuesday 10th Feb at 7pm at our Byron Bay office will provide a coordinated strategy for investors. Please call 02 66857888 to reserve a place or go to our website under “Events” for more information.
Wholesale Properties Available with 8% Return
At 888 we have secured exclusive access to NEW house and land packages in the rapidly growing Surat Basin gas and energy precinct, 210 km west of Brisbane. We have new properties available in Toowoomba, Dalby, Chinchilla and Miles, where a massive build up of workers and their families is underway to serve the rapidly expanding energy, gas and resource industries.
There are projections of 16,000 new jobs and the flow on effect of 100,000 new residents in the area by 2016. There are 100 billion dollars in diverse resource projects planned and commencing in the Surat Basin; clean power stations, thermal coal, new rail lines, new gas pipelines, coal seam methane, gas to liquid plants, ethanol refineries, agriculture and a massive new cattle feed lot are some of the drivers in this new booming economic precinct.
At 888 we have formed a buyers agent alliance offering superior brick homes $20-30,000 cheaper than other competitive offerings. Local builders are working on wholesale rates while we deliver the savings to you.
These houses offer 8%+ rental returns and excellent new home depreciation, ideal for adding cash flow to your property portfolios. With the rapid fall in interest rates these properties are income producing from the start with expected capital gains above $50,000 on completion.
This is the beginning of a major growth cycle for the Surat Basin. We ensure your property has everything fitted ready to rent and work with the best local managers to get your property rented quickly for top dollar. You also get our free property reports and access to the best lending possible through our finance brokerage.
Information On Dalby / Surat Basin:
Dalby is located at the mouth of the massively rich Surat basin coal seam. We believe that Dalby will become the residential and industrial hub for the Surat Basin's rich resource economy, much like Karratha in the Pilbarra.
The Surat Basins vast reserves of coal, coal seam gas,new power stations being built, Cattle feedlots, fertile agriculture & the ethanol refinery, will be a strong driver of employment and the economy. The 1 billion dollar rail link to Gladstone's ports will allow more than 10 new coal mines to open up, not surprising with coking coal prices increasing 300% this year. What makes Dalby a good location, is that it is not too far either to the mines and the gas fired power stations they are building, while only 85 km to Toowoomba and just 210 km to Brisbane.
The massive driver if late is coal seam gas which can be refined to Liquid Natural Gas and pumped straight into your car with little or now alterations. The worlds largest gas company BG was in negotiations and had been rumored to have made an offer for a share of Origin energy but it was conoccophillips the 5th largest oil company in the world that was successful in their 9.6 billion dollar offer for 49.9% of Origin making it the largest sale in Queensland history. All of this to get their hands on the lucrative gas fields of the Surat Basin. Shell oil has also entered the market by attempting to do the same with Arrow energy. There is a new proposal for there to be a 1 billion dollar gas pipeline built linking the Surat Basins gas with the Hunter valley power stations and indeed straight out to the Newcastle port for export.
Make sure you call Vincent on 02 857888 to discuss how you can turn your equity into cash flow soon.
The 888 Golden Retirement Plan
How to control your own destiny and create income and wealth for your retirement – without stock market risk.
How is your Super performing? Are you happy with your fund manager charging fees while they decimate your savings? Could you do a better job yourself?
These are questions I hear people asking themselves at the moment and beneath it all is a feeling of insecurity about their future. Many people have had to postpone their retirement because they will not have sufficient funds to live.
Those people least affected by the massive loss of wealth in the share market are those who chose to invest in direct property. While the share market plunged by 40% in 2008, property values dipped only 1.5% on average in Australia, with some properties making substantial gains. This follows a 20% average increase in value in some major capital cities in 2007.
Not only have properties maintained their worth, but incomes from rent have been increasing rapidly while stocks have crashed. Investors with mortgages are also experiencing bigger cash returns as interest rates plummet to historic lows.
Where would rather be, letting someone you do not know lose your nest egg while gambling on the stock market or in control of your on destiny in safe and secure bricks and mortar?
At 888 we have formulated a safe and secure strategy that provides both rapid capital gain and immediate income production through exclusive wholesale property purchases in booming markets. We will show you how you can bring forward your financial freedom when most people are looking forward to working harder and longer.
Our Free Information Night on Tuesday 10th February will show you how. Bookings are essential. Call 02 66857888 to secure your place.
Reserve Bank Tipped to Slash Rates Again in Feb.
Economists are now forecasting a 0.5% to 0.75% drop in official interest rates when the RBA board meets in early February. This will bring discounted mortgage rates well below 6% with leading lenders coming in at 5.54% to 5.29%. And better still, the RBA is expected to keep cutting rates with a further 0.5 to 1% by May 09.
At 888 we can help you stay on the leading edge of mortgage rates and reduce your monthly payments. Call us to arrange a free consultation on 02 66857888.
Free Mortgage Health Check
Home loans are volatile financial products with competition driving discounts and features all the time. As we have seen recently, 12 month can be a long time in the credit market.
At 888 we offer a Free Mortgage Health Check to ensure your loan is keeping up with the market. There may be other lenders or products that offer advantages and save you thousands of dollars a year.
A single lender can not offer you an unbiased comparison of competing home loans in the whole market. A mortgage broker can because they work for you and in your best interests and have access to loans from many lenders. And best of all our service is Free.
Some other important reasons to call us about your loan:
Credit card and debt consolidation: You can save hundreds of dollars a month by consolidating hard to pay off consumer debts into your home loan. The reduced interest rate and lower monthly payments also means you can reduce your debt quicker.
Funds for investment: There are great opportunities in a buyer’s market right now to buy positive cash-producing properties for long term wealth creation and retirement funding. Talk to us about strategies for income and wealth creation through property or come to our free information night on Tuesday 10th Feb. (see article above).
Business overdraft and investment: Using your home loan for business funding avoids expensive commercial credit options and saves money, while allowing you to structure and control your own destiny. Your home equity can become a revolving line of credit to assist with seasonal fluctuations in business incomes and help you feel confident to launch new products and initiatives – without having to convince the bank each time!
Loan increases for lifestyle: Rather than using expensive credit cards or personal loans for lifestyle enhancement, you can use your home loan for holidays, new cars or renovations. Your home loan is the most cost-effective way to finance your lifestyle needs.
Breaking out of a Fixed Loan: No one could have predicted where interest rates were going a year ago and many people fixed their loans when rates were going up. Unfortunately these loans are now way over the rate of loans today. We can help you evaluate the costs to move back to variable and show you how much you will save in the long run.
All our consultations are confidential and free. Call Vincent on 02 66857888 to find out how easy it is to save money and gain more freedom.
Refinance Lo Doc Loans Now!
You can get 80% LVR at 6.19% now without showing BAS or bank statements, but hurry because we do not think this offer will last. Most lenders have already restricted their lo-doc offerings with onerous BAS and bank trading statements required or accountants certifying income. They have also restricted the LVRs, limited how much cash can be released and increased the Lo-Doc rates way above the full doc rate.
It may become nearly impossible to change or refinance a lo-doc loan given these restrictions, so we are advising all our Lo-Doc clients to act now to get a better rate or release more cash from their home equity – while they still can.
Call Vincent on 02 66857888 now for a free consultation.
Free Info Night for First Home Buyers
We are holding a free information night for first home buyers at our Byron Bay office on Thursday 12th February at 7pm.
First home buyers in NSW can now qualify to get a $21,000 grant and the state government will top it up with a further $3,000 for buying or building a new home. On top of this they will qualify for stamp duty concessions worth a further $10,000 on the purchase of a $330,000 home.
There has never been a better time to enter the market with interest rates approaching historic lows and a generous government incentive which will expire on 30th June 2009. First home buyers can get a $14,000 grant to buy an established home or $24,000 to buy or construct a new dwelling.
At 888 Wealth Creation we specialise in providing free support for first home buyers with:
- Free Buyer Assist program with phone support for purchasing advice.
- Free Lending advice including affordability, loan selection, and approval coaching.
- Free mortgage broking service – let the lender pay!
- Free Property Analysis reports showing ownership costs and projected growth over 25 years.
Please call us for reserve your place or talk to Vincent about available options on 02 66857888.
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