New Credit Card Scams: Beware

We felt that this would be appropriate for us to share with you all an email that we received recently from a friend. Unlike most of the spam mails and chain letters, we believe that there is some truth behind this story.

Credit card scams, identity thefts are very sensitive issues and many people have suffered. So hopefully this message below can help you be aware of one of those scams.

“New Credit Card Scam”

“This one is pretty slick since they provide YOU with all the information, except the one piece they want. Read More »

Nation’s property hotspots

St George’s National Property Report released on 17 September 2009 has revealed 24 locations across the nation that are likely to provide the strongest value for home buyers.

Suburbs have been chosen based on their location attributes, the value of housing in the area, the level of amenities in the suburb and the demographic mix.

According to St George chief economist Besa Deda, the locations should continue to grow and therefore suit buyers looking to live in a blossoming area and investors seeking capital growth.

In Sydney the best ‘value for money’ suburbs were Granville, Rockdale, Lidcome, Riverwood and Waterloo.

Granville’s 18.5 km distance to the inner city and median house price of $347,500 made it the standout performer in Sydney. Read More »

Should I float on variable or fix my home loan interest rate?

There is a common view from the financial gurus in Australia that variable interest rate rises are inevitable. From financial commentators to bank economists to the Prime Minister, the view is that during 2010 the Reserve Bank will move the cash rate up. How much? We don’t know, but the PM suggested about 1% by July. Also, banks have not discounted raising interest rates independently of RBA decisions.

What does this mean to home loan borrowers? Let’s take a look. Read More »

Iden Money: Home loan specialist in Western Sydney

Iden Money lends in all areas of Australia but specialises in lending in Western Sydney, because that’s where we are based. The following suburbs are close to our base in Parramatta, which means that we know the areas well and it makes it easy for us to call on you to help with your purchase and your home loan application. We can be contacted via our enquiry form on this website or by calling us on 8844 8989 until 9.00pm every night. We promise you the very best of attention.

If you live in the following suburbs and are looking for a Home Loan / Mortgage or Leasing Broker, then contact us to get the best deals. Having served thousands of happy customers, we assure you that we will help get the right loan for you. Read More »

Big banks no longer dominate fixed rate pricing

The other interesting observation that can be made from a review  of the Infochoice data is that the big banks no longer dominate the pricing of fixed rates. For many years it was assumed that the big banks were the natural price leaders in the fixed rate segment because they could use their big treasury operations to get the best swap prices
when they put a fixed rate contract in place. Read More »

Trade rates coming off the boil

Trade contractor prices have eased thanks to an influx of skilled tradespeople, the Housing Industry Association’s (HIA) Austral Bricks Trade report has found. Read More »

Interest rate rise on the horizon

Coinciding with the experts’ suggestion that the worst of the recession is behind us, Prime Minister Kevin Rudd has indicated that interest rates  will  rise in the coming months. Read More »

Looking for home loan specials?

What are home loan specials?

Home loan specials can be considered as promotional offers or packages that applicants could avail when applying for home loans. Although offered by most financial institutions, not all lenders have home loan specials.

Because of the big impact of home loans on the financial situation of applicants, banks and financial institutions have crafted a way by which people could get the best deals when it comes to such loans. Thus, the birth of home loan specials. Read More »

Property Hotspots

Property hotspots: Aim to buy the best property at the lowest price

Regardless of whether you are purchasing property for occupation or for investment, your aim should always be to buy the best property at the lowest price. But don’t just buy it anywhere, suss out the locations that should give you the best long term growth and rents. The combination of buying the best property at the lowest price with the potential for best capital growth should be your minimum requirement when starting your search. Read More »

Housing Affordability in Australia

(This article looks at housing affordability on a national basis, covering data available as at March 2009 and analysing each state and territory individually. Historical data back to 1986 is also included.)

QUESTION:

Why is it that you can buy your dream home in one region of Australia for far less than in another region? Not just in different states but in different regional areas within states?

What drives market house prices? The answer is many things, but a few have considerable influence on the amount of money you have to pay for a house in the area you want to live.  Some major factors are: Read More »