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First time home buyers are suddenly given two choices to move to buy or build their first homes.
First home buyers will be eligible for grants of up to $21,000 designed to stimulate housing activity.
The scheme will be time limited.
All contracts entered into by June 30 next year will be eligible for the new assistance.
The payment under the first home buyers scheme will be doubled from $7000 to $14,000 and first home buyers who buy newly-constructed home will receive an extra $14,000 taking their total grant to $21,000.
The Government will invest about $1.5 billion in the housing market over 2008/09 and 2009/10 through this initiative.Write Comment (0 Comments) |
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Mr Mortgage believes that the deep interest rate cuts will generate buying activity in Queensland's stalled housing market.
New home and established homes have slumped recently across Queensland, with the exception of mining areas, but rate cuts will give new confidence to home buyers, and help those wnating to sell their homes and build again to do so.
If you are looking for a bargain and want to buy a home in Queensland, then now would be a great time to buy.Write Comment (0 Comments) |
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Australia's Federal Labor Government plan to enter the home loan business will boost confidence in the non-bank mortgage sector and increase competition.
Treasurer Wayne Swan said he will initialling invest $4 billion to revive the non-bank mortgage market and get the banks honest to pass on future rate cuts in full.
Mr Mortgage hopes that we will see the day when Australia has the equivalent of a US Fannie Mae, though hopeful a better run business model, as in the US the majority of home loan mortgage lending is issued by non bank lenders. When Paul Keating introduced non bank mortgage lending to Australia in the 1990"s he missed the vital step of the Government allowing the raising of funds under the AAA rating of the Australian Governemnt, thus reducing funding costs and interest rates, and allowing real competition with the major lenders.
The purpose is to give borrowers...Write Comment (0 Comments) |
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In a see sawing day on Wall street, US stocks finished lower for for the 5th straight day as the meltdown continues.
Mr Mortgage says that are are hopes that Australia's market will be higher on Monday on Futures trades, but that does not take into consideration people ready to jump out of the market on any rise. The real worry is tighter credit and liquidity of funds in banks, as this will affect both businesses needing finance for cash-flow, and consumers wanting to buy their products using finance.
Lower the cash rate may increase demand for finance, but if the consumer can't get mortgage home loan finance of car finance to buy a new car, where will the economy finish? That's the question that no-one can answer.
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The S&P 500 fell below the 900 mark, as fears that tighter credit may send the global economy into recession slashed the appetite for risk.
The ...Write Comment (0 Comments) |
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Queensland banking, insurance and investment financial services group Suncorp is losing value quicker than the Zimbabwe currency, so Mr Mortgage said that it must be relieved that another bank actually wants to buy it.
Suncorp said today it has had several approaches by parties interested in buying its banking and funds management operations.
Speculation has been rife in financial markets that Suncorp would become a takeover target because of a need to recapitalise its balance sheet in the face of a global financial crisis.
Commonwealth Bank of Australia has been rumoured as one bank interested in the banking division.
Last week, Suncorp chief executive John Mulcahy said he thought the bank's change in business model would help reduce the complexity structure and bring down costs of the bank.
Mr Mulcahy said that the bank was well-positioned but would require extensive c...Write Comment (0 Comments) |
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Sick of hearing about the US banks going under? Well theBank of Queensland (BOQ) has posted a another rise in cash profit for the 2008 financial year.
Mr Mortgage has heard rumours that the Bank of Queensland has been a take-over target for some time and blind Freddie can see why.
It rose by almost half to just over $155 million, boosted by a big rise in retail deposits after the purchase of regional building societies, but bad debts rose by nearly a third to $27 million.
BOQ managing director David Liddy says the bank has maintained its profitability despite the global financial crisis.
"This has been a really challenging year for our financial services sector with such volatility in financial markets," he said.
"But BOQ has once again made considerable progress in 2008 and I'm delighted today to announce another solid result for the bank."
Investors will get a fi...Write Comment (0 Comments) |
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Believe it or not, this is the question that Google is asking about your website. Could it be that Google really wants to provide its users with quality choices for every search request?
Here's the hard truth about SEO. For every keyword phrase you want to gain high organic rank, you must be prepared to do two things:
Create the kind of content for your website that will set you apart from the rest of the sites who are also targeting that keyword and make your site "authoritative" on these subjects.
Re-organize the design and navigation of your site so that the major keyword themes stand out and shine to both web visitors and search engines.
Because of the enormous amount of competition for coveted search terms, you're site will not have a chance to outrank competitors unless you are committed to doing these two things. The way you approach authoritative and organized co...Write Comment (0 Comments) |
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Another post based on one of the recent reading on the web. This is related to presentation skills.
As always you are encouraged to read the full article at:
http://wziwyo.com/?p=177
Take aways for me from this article:
1. Set the theme: (example: There is something in the air today - a theme for Macbook air announcement). Once you identify your theme, make sure you deliver it several times throughout your presentation.
2. Demonstrate enthusiasm: If you think a particular feature of your product is “awesome,” say it.
3. Provide an outline: Make lists and provide your audience with guideposts along the way. Divide into sections and make clear transitions in between.
4. Make numbers meaningful: Dont just throw out a number. Make it meaningful, explain in detail.
5. Try for an unforgettable moment: This would be the part of the presentation that everyone wou...Write Comment (0 Comments) |
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Konnects is an online business networking platform targeted to business professionals. It is free to join and meet fellow marketers online or develop new business.
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