Past issues of the Biking Broker Newsletter
Banks in Battle for Deposit Cash
11th February 2010
There is some fierce competition going on between lenders in the deposit market and consumers are the big winners.
The battle for customer deposits is heating up, meaning good news for savers.
An industry-wide shift has caused lenders to price deposits well above the Reserve Bank’s cash rate in a bid to secure retail funding instead of [...]
Why Use a Mortgage Broker?
22nd January 2010
I got talking to a friend of a friend of mine today who has just got conditional approval on finance for an investment property.
Old mate has walked into a local bank branch and the home lending officer has put them into a very large line of credit (LOC) for the purchase of the property. A [...]
Business Investment Allowance Set to End – 31 December 09
10th November 2009
This significant tax incentive is set to end on the 31st of December, 2009.
This additional allowance applies to small businesses, with a turnover of less than $2m, any eligible asset1 purchased between the 13th December 2008 and the 31st of December 2009. Please note that the equipment must be delivered/installed and in use before the [...]
Reserve Bank Lifts Rates by 0.25% to 3.5%
3rd November 2009
The RBA has today announced the cash rate will be lifted by 0.25% (effective 4 Nov).
A statement by Glenn Stevens, Governor of the Reserve Bank, cites the following reasons:
the prospects for Australia’s Asian trading partners appear to be noticeably better
sentiment in global financial markets is much better than earlier in the year
housing credit growth has [...]
Reserve Bank Lifts Rates to 3.25%
6th October 2009
The RBA has today lifted the cash rate by 0.25%.
A statement by Glenn Stevens, Governor of the Reserve Bank, cites the following reasons:
a resumption in growth of the global economy
improving sentiment in global financial markets
stronger than expected measures of confidence in the Australian market
lower than anticipated unemployment
housing credit growth and housing price growth
These and factors [...]
Oktoberfest, 31 Oct, Gympie
5th October 2009
Gympie Rotary is holding an Oktoberfest on the 31st of October to raise money for Supporting Chemotherapy In Cooloola Inc (SCIC Inc).
This will be huge! Ticket price includes Oompah Band, German dinner and a 500ml stein to keep!
Details on the flyer.
Tickets can be bought from The Biking Broker or at Shoenique, 51 Mary St. Why [...]
12 Questions to Ask Before Using a Finance Broker
25th August 2009
Getting a broker to arrange your loan can save a lot of time and hassle, but it is important to ensure the service you expect is the one that’s delivered. Asking these 12 questions can help you ensure you have a great experience with your finance broker.
1. Does your broker have a wide range of [...]
Housing Prices set to Rise – Expert
15th August 2009
It seems this news, coupled with federal government incentives, has been heeded by hoards of first timers – with a 90 per cent spike in first homebuyers. But what will happen when the First Home Owners Grant returns to its established point in October?
In an interview with Peter Switzer, Rob Mellor from BIS Shrapnel denies [...]
Reserve Bank Leaves Rates on Hold Again-but Fixed Rates Going UP!
4th August 2009
The RBA today has left the cash rate at 3% for the 4th month in a row after lowering the rate by 0.25% in April this year. Glenn Stevens, Governor of The Reserve Bank, cited a general stabilising of world the economy and a strengthening Chinese economy, stronger domestic consumer confidence and increased domestic housing [...]
Tinny Rally August 7-9 2009
30th July 2009
The Biking Broker and his favourite pillion are heading out to the South Burnett on Saturday the 8th for a ride and to check out the Tingoora Rally. If you’re interested in joining us for the ride from Gympie, drop me an email to jaimie@thebikingbroker.com.au
More information on the rally download the flyer. tingoora-rally-2009