RCR Finance Bulletin # 22 - Wednesday, 4th February 2009
Economic Stimulus Package?
As you are all, no doubt, aware, the Australian Federal Government has released another economic stimulus package that will hopefully improve matters somewhat. So, other than spend your allocated tax bonus, what can you do to galvanize your financial situation?
Firstly talk to us! If you find that your financial situation has changed, in any way, due to loss of employment or other personal circumstances, then please arrange a consultation to discuss the various options available to you. We may be able to assist, if need be, in negotiating a variance in your repayment terms with your lender or provide guidance in relation to refinancing and debt consolidation.
The RBA met yesterday and decided to reduce the cash rate by a further 100 basis points, to 3.25% effective as of the 4th February 2009, with all the majors passing on the full rate cut.
Clearly, this is a fabulous time to consider entering the property market, either as a first home buyer or investor. Even though we have seen property prices stagnate, yields for investors are increasing due to rising rents and lower interest rates - as a result, investing in property can now in many instances "COST YOU LITTLE OR POSSIBLY NOTHING OUT OF POCKET". It is simply becoming as easy as that. If market predictions are correct and the interest rates continue to fall, yields will increase even further!
If you are interested in, or have been considering investing in property, please feel free to contact RCR Finance for a consultation to discuss the What, Why, and How possibilities.
DISCLAIMER...The information contained within this Newsletter / Bulletin is of a general nature only and is not intended to be relied upon or to be construed as the giving of professional financial, legal or economic advice. RCR Finance Pty Ltd makes no warranties or representations whatsoever regarding the quality, accuracy, or otherwise of any material contained within this Newsletter / Bulletin. RCR Finance Pty Ltd will not be held liable to readers or users of the material contained within this Newsletter / Bulletin for any loss or damage however caused resulting from the use of the material. All readers or users are advised to seek their own independent professional financial, legal or economic advice.
