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Hello,
How often have you wished for more hours in the day to achieve enough time for work, family and play?
Its a common wish that we address in our article Racing the Clock, in article 4. Using a mortgage broker is one valuable way to help you save time on obtaining and securing a loan, by letting us do the leg work for you.
The mortgage broker industry is set to receive a well-earned boost to its credibility with the introduction of National Consumer Credit Protection legislation and responsible lending laws, see article 3.
Also included in this issue, more positive news on property investment (below article) and an article 2 feature on the average Australian home crowned as the biggest in the world.
Enjoy this newsletter and feel free to pass it on to family and friends.
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PO Box 236
MAWSON ACT 2607| Tel: | 02 62 866 501 | | Fax: | 02 62 866 509 |
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Investment Heats Up
One in seven taxpayers now own at least one investment property, a figure that is expected to rise as property investors return in force to the market.
The most recent taxation statistics from the Australian Tax Office has shown that negatively geared property generated losses of more than $8.6 billion, a 35 per cent surge that saved property investors some $4 billion in tax over the 2007-08 year.
Read More >>
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Super-sized Homes
It seems big is better when it comes to the Australian home, which now super-sizes all other countries in the world. Averaging 215 square metres, the Australian home is now 7 per cent bigger than homes in the US, double the size of those in Europe and triple the size of those in the UK.Data recently released by the Australian Bureau of Statistics shows the floor area of freestanding houses (a measure of the useable space) has also reached a record high at 248 square metres, making Australian houses 10 per cent larger than a decade ago.
Read More >>
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New Lending Laws
New national licensing laws are being introduced to improve standards across the credit industry and give consumers protection against unscrupulous operators.Under the drafted regulations, there will be a single, national regime for regulating consumer credit - including home loans, car loans, credit cards and retail lending. Anyone engaged in credit advice on home loans will have to obtain a license from the Australian Securities and Investment Commission (ASIC) or be appointed as a representative of a license holder, otherwise they will not be allowed to operate.
Read More >>
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Racing the Clock
How many times have you found yourself racing the clock to complete something or wishing there were more hours in the day?Unfortunately, one of the drawbacks of a busy lifestyle is that there is usually something pressing to be done, and a lack of time in which to do it. While you can't do anything to make your days longer, you can make them pass more easily by treating your time as a resource, and planning how and when you can best spend it.
Read More >>
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Our Partners
MO'R MORTGAGE OPTIONS was admitted in mid 2002 as a full member of the Mortgage & Finance Association of Australia, the peak industry body.
All members are bound by a strict code of ethics to ensure the highest levels of service, integrity and professionalism.
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About Us
MO'R MORTGAGE OPTIONS - 2009 REIACT Mortgage Provider of the Year.
Michael has worked in the "people industry" as he calls it, i.e. Finance, Real Estate, Building & Construction for over 26 years. He established MO'R MORTGAGE OPTIONS in 2000 after realising that by assisting people to structure their loans correctly he could help others improve their financial health.
"There is no greater job satisfaction available than to know you can do something tangible to improve another human being's life."
... Michael
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Disclaimer: This newsletter is intended to provide general news and information only. Readers should rely on their own enquiries before making any decisions regarding their own interests. Please do not rely on any part of this newsletter as a substitute for specific legal or financial advice. All material is copyright 2011.
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