The RESIMAC Blog - RESIMAC Limited

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Posted By RESIMAC At 8:45 AM |
Thursday, 8 December 2011

The NSW stamp duty concession for existing homes will end on 31 December 2011, as announced in the State budget earlier in the year. Commencing in 2012, stamp duty exemptions will only apply to the acquisition of a new home or vacant land intended to be used as the site for a new home. Should you have clients who wish to obtain the stamp duty concession on an existing home, they must exchange contracts prior to 31 December 2011.

Even wanted to know where first home buyers are purchasing their new homes, click here for a list of the top 20 postcodes in NSW over the last year.

LMI Fact Sheet...Good or Overkill?

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Posted By RESIMAC At 3:41 PM |
Tuesday, 30 August 2011

As part of the Federal Government's bank competition reform package, it has announced that a fact sheet on Lenders Mortgage Insurance will soon become mandatory for home buyers. The aim is to assist consumers better understand the cost and benefit of LMI, be able to compare quotes, and know the difference in premiums and rebate schedules.

Do you think this is a positive step for home buyers or is it just burdening consumers with more documentation that that may or may not read?

COO Allan Savins interview with Adviser Magazine

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Posted By RESIMAC At 9:45 AM |
Thursday, 11 August 2011

COO Allan Savins comments on the recent RMBS issue and the RESIMAC 'Specialist Lending' range...

http://www.theadviser.com.au/multimedia/5800-insight?layout=video

RBA announcement...

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Posted By RESIMAC At 4:01 PM |
Tuesday, 5 July 2011

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 %.

http://www.rba.gov.au/media-releases/2011/mr-11-15.html

Households feeling the pinch...

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Posted By RESIMAC At 11:55 AM |
Friday, 1 July 2011

According to the MFAA, the rising cost of living is putting a dampener on the propoerty market...

http://www.brokernews.com.au/news/newsletter/109005

MFAA survey reveals borrowers do not care about DEF's

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Posted By RESIMAC At 12:25 PM |
Wednesday, 15 June 2011

According to the MFAA, a new survey of 1,000 homeowners conducted by the group has shown that exit fees are not a significant factor in consumers' choice of home loans. The research indicated consumers are most concerned with interest rates, with 50.2% saying rates were the most important factor in their choice of product. Fees and charges were ranked second by respondents, with 15.5% tipping them as a factor in their decision.

However, exit fees ranked last in the survey, with only 1.7% of respondents claiming they were a concern. The existence of DEFs fell behind LVR and brand in its importance to consumers. Click for full story:

http://www.brokernews.com.au/news/newsletter/108642

RBA leaves cash rate unchanged...

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Posted By RESIMAC At 2:58 PM |
Tuesday, 7 June 2011

RBA leaves cash rate unchanged at 4.75% - see full statement:
http://www.rba.gov.au/media-releases/2011/mr-11-09.html

Big 4 in ratings downgrade...

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Posted By RESIMAC At 8:45 AM |
Thursday, 19 May 2011

RATINGS agency Moody's last night made good on its warning over downgrading the credit ratings of Australia's four main banks...

Read more: http://www.smh.com.au/business/big-four-in-ratings-downgrade-20110518-1et39.html#ixzz1MkLy6pH6

RBA hold interest rate...

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Posted By RESIMAC At 9:08 AM |
Wednesday, 4 May 2011

At its meeting yesterday the RBA decided to leave the cash rate unchanged at 4.75%. Click the link below for the full story.

http://www.rba.gov.au/media-releases/2011/mr-11-07.html

Brokers unconcerned about rate rise...

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Posted By RESIMAC At 2:49 PM |
Monday, 18 April 2011

The majority of brokers believe an interest rate hike would have little to no impact on potential home buyers.

According to Adviser Magazines latest sentiment survey, 39.5% of brokers believe an additional rate hike right now would have no impact on home loan demand – up 23.7% from this time last quarter...(click for full story)

http://www.theadviser.com.au/breaking-news/5247-rate-rise-no-impact-on-borrowers

What do you think?

Cash rate remains at 4.75%

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Posted By RESIMAC At 9:33 AM |
Wednesday, 6 April 2011

Click below for the full statement from the RBA.

http://www.rba.gov.au/media-releases/2011/mr-11-06.html

Exit fee ban - have your say...

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Posted By RESIMAC At 11:01 AM |
Tuesday, 5 April 2011

According to a poll by Adviser Magazine, 57.8 per cent of brokers believe consumers will be better off as a result of the ban on exit fees.

http://www.theadviser.com.au/breaking-news/5176-industry-divided-over-exit-fee-ban

Please feel free to tell us your thoughts on this key issue.

Exit fee ban.

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Posted By RESIMAC At 10:52 AM |
Thursday, 24 March 2011

The Federal Government's proposed ban on Exit Fees was passed into law yesterday and will apply to all new home loans from 1st July 2011.

http://www.theadviser.com.au/breaking-news/5132-proposed-ban-on-exit-fees-becomes-law

Jump in million dollar suburbs....

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Posted By RESIMAC At 12:50 PM |
Wednesday, 16 March 2011

Australia's million dollar suburbs grew by 35% to total 212 at the end of 2010 when measured by median house price, according to RP Data. (Click below for full story)

http://www.brokernews.com.au/news/newsletter/82444

Non-banks increase market share...

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Posted By RESIMAC At 8:52 AM |
Thursday, 10 March 2011

The market share of non-bank mortgage lenders has increased to levels last seen before the financial crisis, according to mortgage aggregator AFG.

RBA hold interest rate at...

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Posted By RESIMAC At 1:08 PM |
Wednesday, 2 March 2011

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75%. For more on this, and for information on the wider global economy, click below.
http://www.rba.gov.au/media-releases/2011/mr-11-03.html

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