Wonder why all the banks and building societies followed the ANZ and have increased their home loan rates?  Well it has a great deal to do with the  flow-on effect to the deposit rates the Lenders offer.  At the moment, lenders want deposit funds and are offering competitive rates. It is extremely important for the lenders’ bottom line to remains highly competitive across both deposit and lending products.  The major banks have driven up the costs of retail deposit funding via intense price competition in deposit rates, and this increases the cost of the money they use to fund  home loans.  Lenders get a portion of their funds from wholesale lenders and a portion from the customers’ deposits.  This can vary depending on lender between 40% – 80%.

Channel Direct Home Loans would like to congratulate the Galgabba Land Care Group of volunteers on winning the 2012 “Wildlife Corridors and Habitats Conservation Award”  for the Galgabba Point Reserve Project.  Galgabba Award 

 Swansea is fortunate too have such a group of dedicated volunteer’s working and investing thier time to make our community a better place

Interesting article from Australian Property Monitor senior economist, Andrew Wilson, sees the rental market for units in most capital cities outperforming houses over the year to September.  Medium rental for units nearly at partity wth those of houses.  He suggests that the reason for this it that lifestyle and affordability continues to be greater than the demand for more expensive and generally outer-suburban houses.

“Though rental growth has been generally stable over the September quarter for both houses and units, annual figures show unit rental prices have increased at a significantly greater rate in most capital cities compared to houses. This indicates increased competition from discontented first home buyers entering the rental market, particularly in late 2010 and early 2011,” .

It will be even more interesting when the first home buyer market falls away further once the stamp duty exemption ceases (excluding new property) on 1st January 201

Te most recent property sales and capital growth movements in Newcastle, Merewether, Mayfield, Maryrille and Maryland are now available.

Units in Merewether  rated number 6 in Australias top 100 fastest growth suburbs.  (source Real Estate Investar) To view full list

Channel Direct Home Loans through it’s affiliation with Real Estate Inverstar can now offer property owners or purchaser the opportunity to get an Australian Property Monitor (APM) Automated desktop Valuation of their property or a property they may be interested in buying.     

Value my Property

To get a copy of this all you have to do is follow this link  

The changes to NSW Government stamp duty exemptions will come into effect on 1^st January (unless you are purchasing a newly constructed house).  These changes will effectively mean that first home buyers will need to save another 5% to cover their stamp duty.

If first home buyers want to jump off the rental treadmill, buy their own home and avoid getting knocked out of the market for some time, a little over 90 days remains to enter into a contract to purchase and qualify for the stamp duty exemption.

For the latest sales & growth reports on the followig suburbs of Hamilton, Kotara, Lambton in Newcastle. Hillsborough, Holmesville, Jesmond, Kahibah, Macquarie Hills in Lake Macquarie. Kincumber, Lake Haven on Central Coast  Channel Direct Home Loans offer complimentry reports on any property. This is to assist you with information that may help you purchase your property.

For assistance in getting a home loan that will suit your needs call Channel Direct Home Loans  now  or phone 49716290

Looking for a suburb that is showing steady growth is important when looking to buy or invest in real estate.

Because Channel Direct Home Loans has access to the lastest property sales reports on any suburb or region in NSW you can now also have that information by simple requesting a report now.

Suburb sales reports are being update weekly and can be viewed at any time here

The latest updates are Eleebana, Elermore Vale, Fishing Point, Fletcher, Georgetown,  Gosford, Greta  

Natasha, Charlene and Clayton had these comments after their  Home Loan Finance experience with Channel Direct Home Loans

“We truly believe that we woudn’t have got this home (our dream home by the way) if it wasn’t for Robyn. Thank you so much. It is more than a house, it’s our home,our dream and the future we want to provide for our child. Robyn did a wonderful job and we look forward to our future interaction with her.”

Can we help you, for a no obligation consultation inquire here