Date 10 December 2009
The New Zealand Official Cash Rate (OCR) remains unchanged at 2.5 percent.
Reserve Bank Governor Alan Bollard said: “The New Zealand economy continues to recover but there remains considerable uncertainty about the durability of the expansion
“If the economy continues to recover, conditions may support beginning to remove monetary stimulus around the middle of 2010. Recent tightening in financial conditions, driven by a higher exchange rate, increased long-term interest rates and a wider gap between the OCR and bank funding costs, reduces the need for more immediate action.”
Thursday, December 17, 2009
Saturday, December 5, 2009
FREE TENANT SCREENING FOR MEMBERS
PROPERTY INVESTOR LANDLORD HAS FINALLY LAUNCHED THEIR TENANT SCREENING SERVICE AND ALREADY PROVEN TO BE A BIG HIT.
One of the greatest fears of any property investor and their property manager is that of default tenants. Yet wherever rental accommodation is offered you face the risk of inheriting one of these people who are able to slip through the system.
Would You Like The Ability
To Perform Tenant Checks
For Peace Of Mind And Security
Know If Your Tenant Applicant
Has Defaulted And Owes Rent
It is highly unlikely that a tenant will advise you that they have trashed another property or owe money for rent. Your asset can very easily and quickly become a liability by approving the wrong tenant applicant.
List Defaulting Tenants
Sometimes A Landlords Best Tool For
Recouping Lost Rent
The TICA DEFAULT TENANCY CONTROL SYSTEM is the largest tenant database operating throughout Australia and New Zealand. The system is totally compliant with the Australian National Privacy Principles. By using the TICA SYSTEM you will be in a position to enquire if a tenant applicant has or has not previously defaulted prior to placing them into your property.
Perform Enquiry Checks
Suspect Your Tenants About to Run?
Enquiry Check Informs You Of Your
Tenants Rental Property Enquiries
How Powerful Would That Be For You?
Finally! "Landlords In Charge"
TAKE CHARGE TODAY MORE INFO CLICK HERE>>
One of the greatest fears of any property investor and their property manager is that of default tenants. Yet wherever rental accommodation is offered you face the risk of inheriting one of these people who are able to slip through the system.
Would You Like The Ability
To Perform Tenant Checks
For Peace Of Mind And Security
Know If Your Tenant Applicant
Has Defaulted And Owes Rent
It is highly unlikely that a tenant will advise you that they have trashed another property or owe money for rent. Your asset can very easily and quickly become a liability by approving the wrong tenant applicant.
List Defaulting Tenants
Sometimes A Landlords Best Tool For
Recouping Lost Rent
The TICA DEFAULT TENANCY CONTROL SYSTEM is the largest tenant database operating throughout Australia and New Zealand. The system is totally compliant with the Australian National Privacy Principles. By using the TICA SYSTEM you will be in a position to enquire if a tenant applicant has or has not previously defaulted prior to placing them into your property.
Perform Enquiry Checks
Suspect Your Tenants About to Run?
Enquiry Check Informs You Of Your
Tenants Rental Property Enquiries
How Powerful Would That Be For You?
Finally! "Landlords In Charge"
TAKE CHARGE TODAY MORE INFO CLICK HERE>>
RBA RAISES CASH RATE 25 BASIS POINTS TO 3.75 % EFFECTIVE 2 DEC 2009
At its meeting today, the RBA Board decided to raise the cash rate by 25 basis points to 3.75 per cent, effective 2 December 2009.
Credit for housing is expanding at a solid pace, and dwelling prices have risen significantly this year. Business credit has fallen, as companies have reduced leverage in an environment of tighter lending standards, and as some lenders have scaled back their balance sheets. The decline in credit has been concentrated among large firms, which generally have had good access to equity capital and, more recently, to debt markets. Share markets have recovered significant ground, which, together with higher dwelling prices, has meant a noticeable recovery in household wealth.
The Board’s assessment of the outlook remains much as in the November Statement on Monetary Policy. Growth in 2010 is likely to be close to trend and inflation close to target.
With the risk of serious economic contraction in Australia having passed, the Board has moved at recent meetings to lessen gradually the degree of monetary stimulus that was put in place when the outlook appeared to be much weaker. These material adjustments to the stance of monetary policy will, in the Board’s view, work to increase the sustainability of growth in economic activity and keep inflation consistent with the target over the years ahead.
STATEMENT BY GLENN STEVENS, GOVERNOR MONETARY POLICY
Credit for housing is expanding at a solid pace, and dwelling prices have risen significantly this year. Business credit has fallen, as companies have reduced leverage in an environment of tighter lending standards, and as some lenders have scaled back their balance sheets. The decline in credit has been concentrated among large firms, which generally have had good access to equity capital and, more recently, to debt markets. Share markets have recovered significant ground, which, together with higher dwelling prices, has meant a noticeable recovery in household wealth.
The Board’s assessment of the outlook remains much as in the November Statement on Monetary Policy. Growth in 2010 is likely to be close to trend and inflation close to target.
With the risk of serious economic contraction in Australia having passed, the Board has moved at recent meetings to lessen gradually the degree of monetary stimulus that was put in place when the outlook appeared to be much weaker. These material adjustments to the stance of monetary policy will, in the Board’s view, work to increase the sustainability of growth in economic activity and keep inflation consistent with the target over the years ahead.
STATEMENT BY GLENN STEVENS, GOVERNOR MONETARY POLICY
Saturday, November 7, 2009
NZ is not Australia, but could be their lucky neighbour
Dr Bollard said New Zealand could improve its prospects by taking advantage of Australia’s very strong future growth potential. “Australia is a lucky country, but we could be a lucky neighbour.”
Australia is entering a new minerals boom, investing heavily and encouraged by new finds, re-opening markets, bottlenecks and strong prices. Strong investment and export growth would mean big challenges for Australian policy. “This all means an economy that looks less like New Zealand.”
“New Zealand and Australia have very different resource endowments, financial markets treat us like Australia, but actually we are quite different. We talk about catching up with Australian incomes, but we have better chances of taking advantage of their growth.”
Australia is entering a new minerals boom, investing heavily and encouraged by new finds, re-opening markets, bottlenecks and strong prices. Strong investment and export growth would mean big challenges for Australian policy. “This all means an economy that looks less like New Zealand.”
“New Zealand and Australia have very different resource endowments, financial markets treat us like Australia, but actually we are quite different. We talk about catching up with Australian incomes, but we have better chances of taking advantage of their growth.”
In New Zealand, the housing market has reversed some of the decline
In New Zealand, the housing market has reversed some of the decline in prices experienced over the past couple of years and a very gradual increase in household spending appears to be taking place. Government spending is also supporting activity. Business spending, however, remains weak and credit growth is very subdued.
“In contrast to current market pricing, we see no urgency to begin withdrawing monetary policy stimulus, and we expect to keep the OCR at the current level until the second half of 2010.”
The Official Cash Rate (OCR) remains unchanged at 2.5 percent.
Reserve Bank Governor Alan Bollard said: “There are welcome signs that economic activity is growing again.
“In contrast to current market pricing, we see no urgency to begin withdrawing monetary policy stimulus, and we expect to keep the OCR at the current level until the second half of 2010.”
The Official Cash Rate (OCR) remains unchanged at 2.5 percent.
Reserve Bank Governor Alan Bollard said: “There are welcome signs that economic activity is growing again.
RBA RAISED CASH RATE 25 BASIS POINTS EFFECTIVE 4TH NOV 09
STATEMENT BY GLENN STEVENS, GOVERNORMONETARY POLICY
At its meeting today, the Board decided to raise the cash rate by 25 basis points to 3.5 per cent, effective 4 November 2009.
The global economy has resumed growth. With economic policy settings likely to remain expansionary for some time, the recovery is likely to continue during 2010 and forecasts have been revised higher. The expansion is generally expected to be modest in the major countries, due to the continuing legacy of the financial crisis. Prospects for Australia’s Asian trading partners appear to be noticeably better. Growth in China has been very strong, which is having a significant impact on other economies in the region and on commodity markets. For Australia’s trading partner group, growth in 2010 is likely to be close to trend.
At its meeting today, the Board decided to raise the cash rate by 25 basis points to 3.5 per cent, effective 4 November 2009.
The global economy has resumed growth. With economic policy settings likely to remain expansionary for some time, the recovery is likely to continue during 2010 and forecasts have been revised higher. The expansion is generally expected to be modest in the major countries, due to the continuing legacy of the financial crisis. Prospects for Australia’s Asian trading partners appear to be noticeably better. Growth in China has been very strong, which is having a significant impact on other economies in the region and on commodity markets. For Australia’s trading partner group, growth in 2010 is likely to be close to trend.
Thursday, October 29, 2009
RATES TO RISE ON MELBOURNE CUP
RATES TO RISE ON MELBOURNE CUP
Here we go...Reports coming in yesterday are higher than expected for inflation rates and pressure is on the reserve bank to raise rates 25 basis points on melbourne cup day, some are hinting of 50 basis points, with another 25 points rise next month.
Here we go...Reports coming in yesterday are higher than expected for inflation rates and pressure is on the reserve bank to raise rates 25 basis points on melbourne cup day, some are hinting of 50 basis points, with another 25 points rise next month.
Monday, October 26, 2009
INTEREST RATES CONTINUE TO RISE
INTEREST RATES CONTINUE TO RISE
EVERYTIME YOU BLINK THERES ANOTHER BANK RAISING AN INTEREST RATE, 5YR FIXED RATES HAVE ALREADY HIT 8%............
RESERVE BANK OF AUSTRALIA RAISED THE CASH RATE 25 BASIS POINTS THIS MONTH VOICING THEIR CONCERNS ON INFLATION RUNNING AWAY FROM THEM, FURTHER CASH RATE RISES ARE SURE TO COME.
THE BIG QUESTION NOW IS NOT WHEN BUT HOW FAST WILL THEY RISE.
EVERYTIME YOU BLINK THERES ANOTHER BANK RAISING AN INTEREST RATE, 5YR FIXED RATES HAVE ALREADY HIT 8%............
RESERVE BANK OF AUSTRALIA RAISED THE CASH RATE 25 BASIS POINTS THIS MONTH VOICING THEIR CONCERNS ON INFLATION RUNNING AWAY FROM THEM, FURTHER CASH RATE RISES ARE SURE TO COME.
THE BIG QUESTION NOW IS NOT WHEN BUT HOW FAST WILL THEY RISE.
Saturday, October 10, 2009
WILL RBA RATE REACH 10%
THERE ARE REPORTS FLOATING AROUND THAT AUSTRALIA WILL HAVE AN IMMINENT PROPERTY BOOM AND THE RBA WILL HAVE TO RAISE ITS CASH RATE TO 10% TO SLOW IT DOWN.
I PERSONALLY THINK WE WILL HAVE OUR BOOMS IN SELECT AREAS, THERE IS DEFINITELY MONEY TO BE MADE, AS FOR THE INTEREST RATES I THINK THERE'S A STRONG POSSIBILITY THEY WILL SLOWLY REACH 8 OR 9% WITHIN 5 YRS. THIS DOSEN'T MEAN RUN OUT AND FIX YOUR RATE YOU MAY HAVE MISSED THE BOAT, CONSIDER ALL OPTIONS AND SAVINGS AND YOUR INDIVIDUAL POSITION & TOLERANCE.
I PERSONALLY THINK WE WILL HAVE OUR BOOMS IN SELECT AREAS, THERE IS DEFINITELY MONEY TO BE MADE, AS FOR THE INTEREST RATES I THINK THERE'S A STRONG POSSIBILITY THEY WILL SLOWLY REACH 8 OR 9% WITHIN 5 YRS. THIS DOSEN'T MEAN RUN OUT AND FIX YOUR RATE YOU MAY HAVE MISSED THE BOAT, CONSIDER ALL OPTIONS AND SAVINGS AND YOUR INDIVIDUAL POSITION & TOLERANCE.
SA BANK TO RAISE VARIABLE RATE
IT'S JUST BEEN REPORTED THAT THE SA BANK WILL BE RAISING IT'S VARIABLE RATE ON MONDAY THE 12th OCT.
AUSTRALIAN INTEREST RATES GOING UP
That basis for such a low interest rate setting has now passed, the Board’s view is that it is now prudent to begin gradually lessening the stimulus provided by monetary policy.
RBA MEDIA RELEASE
6th OCT 2009
CLICK HERE
RBA MEDIA RELEASE
6th OCT 2009
CLICK HERE
NEW ZEALAND ECONOMY REMAINS WEAK
NEW ZEALANDS ECONOMY
REMAINS WEAK DESPITE PATCHY
SIGNS OF LEVELLING,
OCR LEFT AT 2.5%
RBNZ MEDIA RELEASE
10th SEP 2009
CLICK HERE
REMAINS WEAK DESPITE PATCHY
SIGNS OF LEVELLING,
OCR LEFT AT 2.5%
RBNZ MEDIA RELEASE
10th SEP 2009
CLICK HERE
Friday, October 9, 2009
Investing In Real Estate
Many people know that real estate investing is very lucrative. For that reason alone, will make people want to get their share of the pie. They know that this is a great way to build wealth, not only for them, but they can also pass it down to their future generations.
In addition to having monthly rental income, there are other factors that contribute as to why people invest in real estate. Some of them include:
With appreciation of rental properties, there will be increased value. In turn, this could help with the selling and reinvesting in properties that already have a higher value. Appreciation of rental properties can also make way for an equity line of credit for future use.
Speaking of equity, you as an investor can invest in sweat equity, which involves making improvements to your real estate property. It doesn’t have to be so far out where you end up spending a lot of money.
This can help the value of your property go up faster than it would have if you had not made improvements. So, if you spend $3,000 on cosmetics and miscellaneous items, then the value of the property could be double or more of the amount you spent on improvements.
Being a real estate investor during inflation times is not necessarily a bad thing. Even though rental payments increase during this time, your mortgage loan payments should remain the same. Because of this, you can have an increase in cash flow.
Another thing about inflation is that you can also gain more renters (if you have vacancies) because some people may not be able to secure mortgages during that time. Since you will have a greater demand for renters, the rent will also increase. This is part of the agenda of supply and demand.
Using “Other People’s Money”, or “OPM”, is a good reason for people to invest in real estate. You can find a bank that will secure a loan for you for your real estate investment(s). The better your credit is, the better chance you have of securing a good fixed rate loan with low interest rates.
You can also look at zero-down loans, but that can be more risky. You would have to pay more in your mortgage payments because you didn’t include a down payment. So when the property appreciates, it will benefit you along with the monthly cash flow.
Real estate investing is considered a business. You can use the expenses from it and deduct them from your taxes. Anything that you purchased, had repaired, any fees and anything else related to the investment in question.
Even if you have properties that are out of the regional area where you have to travel, those expenses can also be deducted from your taxes. If nothing else, being able to deduct expenses from your taxes is like a marriage made in heaven.
In addition to having monthly rental income, there are other factors that contribute as to why people invest in real estate. Some of them include:
With appreciation of rental properties, there will be increased value. In turn, this could help with the selling and reinvesting in properties that already have a higher value. Appreciation of rental properties can also make way for an equity line of credit for future use.
Speaking of equity, you as an investor can invest in sweat equity, which involves making improvements to your real estate property. It doesn’t have to be so far out where you end up spending a lot of money.
This can help the value of your property go up faster than it would have if you had not made improvements. So, if you spend $3,000 on cosmetics and miscellaneous items, then the value of the property could be double or more of the amount you spent on improvements.
Being a real estate investor during inflation times is not necessarily a bad thing. Even though rental payments increase during this time, your mortgage loan payments should remain the same. Because of this, you can have an increase in cash flow.
Another thing about inflation is that you can also gain more renters (if you have vacancies) because some people may not be able to secure mortgages during that time. Since you will have a greater demand for renters, the rent will also increase. This is part of the agenda of supply and demand.
Using “Other People’s Money”, or “OPM”, is a good reason for people to invest in real estate. You can find a bank that will secure a loan for you for your real estate investment(s). The better your credit is, the better chance you have of securing a good fixed rate loan with low interest rates.
You can also look at zero-down loans, but that can be more risky. You would have to pay more in your mortgage payments because you didn’t include a down payment. So when the property appreciates, it will benefit you along with the monthly cash flow.
Real estate investing is considered a business. You can use the expenses from it and deduct them from your taxes. Anything that you purchased, had repaired, any fees and anything else related to the investment in question.
Even if you have properties that are out of the regional area where you have to travel, those expenses can also be deducted from your taxes. If nothing else, being able to deduct expenses from your taxes is like a marriage made in heaven.
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