EXPATRIATE HOME LOANS MARKET WRAP

Economic Update

The Australian economy remains in a strong position being led by the mining industries commodity exports. 

The unemployment rate decreased 0.1 pts to 5.1% in January 2012 (seasonally adjusted) (released 16 February 2012).  This is still significantly lowever then Aurope or the US.  The RBA reduced rates by .25%  in December 2011 and left rates on hold in February 2012. Greece government measures has lead to encouraging signs for the stock market over the last week.

The Australian dollar continues to be strong on the back of higher interest rates relative to overseas economies and strong economic figures driven by the mining boom.  At 19 February 2012 the Australian dollar was trading at 107.77 US cents. 

First Home Owners Grant

The First Home Owners Grant is AUD $7,000 with additional grant and stamp duty exemptions depending on your state.  You will need to live in the property within the first 12 months of purchase for a minimum of 6 months.   

Investment property

Are you looking to purchase an investment property?  If you are earning an income in Australia you can attain negative gearing tax benefits for the difference between your mortgage interest repayment and rental income.  An interest only loan can maximise your cash flow while receiving property appreciation benefits.

Contact Us for a free consultation.  We do not charge for our services as we receive payment from the banks.

Living overseas contact us on info@expatriatehomeloans.com.au

Returned to Australia then contact our domestic arm info@pskholdings.com.

Pete Kooner

Director

BCOMM, Dip Financial Services, Accredited Mortgage Consultant