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What
you gain from Brown & Brown Conveyancers?
Garth this week was a Guest Speaker at National Australia
Bank discussing Conveyancing; buying and selling tips to
Home loan Brokers at North Sydney and Bondi Junction; Engagement pending
with Marrickville National Australia Bank as a Guest Speaker on Conveyancing
later in the month.
This week Garth meets up with Vision Home loans where
we have started with working with and arranging a Guest speaker engagement.
TESTIMONIALS:
Garth Brown Endorsement
Dear Garth,
I just wanted to say a big THANK YOU to you & your team for all
your efforts at selling our property in Lane Cove.
I had a great experience with you when we initially purchased this
property back in 2004 and again wanted the assurance of a professional
& seamless transition of sale - you certainly when above &
beyond my expectations again this time Garth!
I look forward to dealing with you again in a month or two with the
purchase of another property.
Regards,
Paul
.
. . . . . . . . . . .
Hi
Garth,
Just to let you know that we received our deposit back from the real
estate agent's office last week. Thank you for the service you provided
throughout the whole process (especially in helping to get the deposit
back a sap) - it was great, and really appreciated. We thank you again
and wish your business well.
Kind regards,
Lydia and Stephen - Artarmon
. . . . . . . . . . . .
Hi
Garth,
For
someone that is time poor and not accustomed to the process of buying
property that often, your assistance in guiding me through, making
sure I actioned things on time, and your overall support in ensuring
I was aware of my rights and obligations was a great comfort - and
a great servcie.
Thank
you for your help - I love my new apartment.
Jenny
Wilson - Kirribilli
.
. . . . . . . . . . . .
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Brown
& Brown e-Newsletter
by
Garth Brown
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"WHAT
DO INTEREST RATES DO?"
The Herald Sun – Monday 14th September 2009
High interest rates suck up spare money sitting around that people
might be tempted to spend.
Low interest rates mean households have spare money to spend because
they are paying less to make their debt repayments.
When people spend a lot, prices increase, inflation goes up.
When people don’t have the money to spend, prices and inflation
go down or at least stay steady.
Who sets these interest rates?
Each night all banks must balance their books. However it is impossible
to physically get all the cash back into the vault each night so they
borrow the shortfall from the Reserve Bank of Australia (RBA)
In turn the RBA charges the Banks a cash interest rate for lending
them the money overnight.
So the RBA sets the official or cash rate that it charges all the
other banks and that is why the rate gets passed on to everyone, through
the system.
The RBA sets the interest rates – but recently Banks have started
to charge more interest than what the RBA set; because they are borrowing
from other sources than the RBA.
Who benefits from high interest rates?
Means a higher return for saving Deposits particularly self funded
retirees; greater incentives for people to save; push up the value
of our Currency the Australian Dollar – overseas investors will
buy aussie dollars because of the higher returns on savings with our
Banks.
Tips to cope with an interest rate
rise
1. Prepare your household for a least a 2% rise in interest rates
2. Pay off or redraw from your home loan to pay off credit cards and
personal loans (these have higher interest rates)
3. Shop around for better Mortgage deals - beware of exit fees and
penalties for switching
4. Review household budgets – identify areas of excess and reduce
5. Be cautious about fixing home loan rates
If your friends and family need assistance with buying and selling
a property – please refer our services and send them our website:
http://www.conveyancers.net.au
Garth Brown Endorsement.
Our
next eNEWS "Timing the Market; should you Buy, Sell or Wait?"
February 2010
In the meantime you can keep in touch with Garth Brown
on
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you again for your valued custom.
License No: 1055854
We appreciate the referrals.
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