Well, that would be enough to buy yourself a house in Australia’s cheapest suburb outright. So much for the affordability furore.

Read on for the top 10 cheapest suburbs in each state and territory. And guess what? Almost three-quarters of the selected suburbs have a median price of less than $200,000.

Brewarrina in New South Wales takes the title of Australia’s cheapest suburb, with a median house price of just $35,000.

In fact, NSW, is the best represented state in the top 10, with four suburbs making the list. Meanwhile, Tasmania is home to three of Australia’s cheapest suburbs, while Queensland has two and South Australia one.

NSW BREWARRINA House  $35,000

QLD NELLY BAY Unit            $40,000 

NSW UNGARIE House           $62,000 

NSW PEAK HILL House        $63,000 

QLD CUNNAMULLA House $64,000 

TAS ZEEHAN House               $67,000

TAS QUEENSTOWN House   $75,000 

TAS ROSEBERY House          $75,000 

NSW BOURKE House             $75,000 

SA PINNAROO House          $80,000

Source: RP Data, March 2012

Effective Friday 18 May 2012 ANZ’s variable interest rates will be:

www.northbrisbanehomeloans.com.au

HOUSE AND LAND PACKAGE now $333,000- Spacious 411sqm allotment- Mountview Estate, Redbank Plains.

Market rent $320-350 This package must be sold , check out other properties that have NRAS approval, you will not purchase better.

Full turnkey, Questus consortium at 20% discount. WWW.THEMOUNTVIEWESTATE.COM.AU

Location is 30km south west of Brisbane, new shopping complex has commenced, new road will link this estate with Greater Springfield.

Please ask for further information, secure this on $1,000 deposit

07 38899719

Contact us for details

www.northbrisbanehomeloans.com.au

1. Reducing your mortgage
2. Planning your tax return
3. Keeping warm on a budget

http://multimedia.sterlingpublishing.com.au/touchpoint/may12/P108308.html

As always, if you have any questions or queries about how best to manage your home loan give us a call.

Warm regards,

Pat Cranshaw

www.northbrisbanehomeloans.com.au

The Board decided to cut the cash rate by 50 basis points to 3.75 per cent. For the past three months the Board had kept the cash rate on hold, and this most recent rate cut has come as no surprise to economists.

Official RBA rate cuts may help improve affordability and confidence in the housing market, but whether banks pass along the cuts in full remains an open question. Over the next few days we will find out which lenders will be passing on this reduction, and what percentage.

If you have questions about your current circumstances, or today’s RBA announcement, please get in touch. Lending institutions change their criteria all the time, so it’s always good to check in.

Patrick Cranshaw Dip FS (FP) Certified Mortgage Consultant – MFAA

Phone: 07 3889 9719 Fax: 07 3054 3133

Unit 6 | 25 Ferguson Street

Albany Creek QLD 4035

www.facebook.com/northbrisbanehomeloans

PS. If you have friends, family or colleagues who are currently reviewing their financial circumstances, nothing speaks louder than a referral!

Personally I would like to see at least a .50% cut – as the majors will only pass on around 75-80% of the cut – so if its only a .25% cut that would make “some”difference – but not enough to assist families and assist economy at the coal face.

At .50% – and with poor banks maintaining profit margins (afterall they still need ot make in excess of $4Billion each to maintain shareholder satisfaction!) – at 75% – this would equate to a pass on reduction of just .375 – and on a $350,000 home loan – this would reduce repayments buy around $90 pmth.

If you can keep you repayments the same – it will save you $48K in interest and 3.5 years off your home loan…. however most people will want money in their pocket to pay for the other things going up like power, petrol and groceries!

What will you do with your savings per month?

Its a great time to review and make sure you have the right loan at the right rate. Will you bank tell you if another bank has a cheaper rate? No – but we will

www.northbrisbanehomeloans.com.au

ABS figures released yesterday show producer prices fell by 0.3% in the March quarter, coming in under economists’ predictions. Now economists are expecting CPI numbers, due later today, to show benign inflation.

An AAP survey of 17 economists found a median forecast of a 0.7% quarterly rise for CPI, bringing yearly inflation to 2.1%. Underlying inflation is expected to track at 2.4%, well within the RBA’s target range.

In the Bank’s statement on monetary policy following its April meeting, RBA Governor Glenn Stevens hinted that today’s inflation figures could be key to the Reserve’s decision to further cut interest rates, saying the RBA “thought it prudent to see forthcoming key data on prices to reassess its outlook for inflation, before considering a further step to ease monetary policy”.

“Tenants”, is the answer. Tenants and access to the property hold them up more than anything else. With Easter just passed and school holidays in most states straight after that, this is a great time to find tenants at home.

It also means your job will come in just before the busy period. At this time of year, turn-around time is just 2-3 weeks.

Also if you act now – and get your Depreciation Schedule going, we will arrange for you a copy of a new property investing book called:  Property Investing the Australian Way.                         

Contact our office on 07 3889 9719 or via web www.northbrisbanehomeloans.com.au

According to QBE LMI’s latest mortgage report lmiBAROMETER, more than 60 per cent of Australians intend to buy property in the next three to five years.

QBE LMI chief executive Jenny Boddington said these survey results  prove there is still a good appetite for residential property, despite  global uncertainty.

“Despite the ongoing global uncertainty and lower sentiment among borrowers, our lmiBAROMETER confirms that Australians intend to continue purchasing properties and  55 per cent believe it is important to get into the market now, rather  than later,” she said.

Ms Boddington said the rate cuts at the end of last year have helped  promote residential property and encourage first home buyers to jump  into the market as quickly as possible.

“The first home buyers segment, who are typically younger, expect an  average deposit of 12.2 per cent of the property purchase price and 39  per cent agree it is more important to get into the market now than wait  and save for a bigger deposit,” she said.

Source: spionline

www.northbrisbanehomeloans.com.au