Make 2012 count!

It's a new year so make it count...

Did you have a great Christmas break!

If you’re anything like me you probably spent some time reflecting on the year that was.

And perhaps you even made some new year’s resolutions…

But did you know most new year’s resolutions are abandoned before Australia Day!

Unfortunately whilst people have different intentions they fail to change their actions! You see your body and mind love routine and while it can be easy to conjure up grand plans for 2012, it’s even easier to slot right back into the ‘groove’ once your normal routine starts up again.

Lets face it, for change to occur you need different thoughts, different behaviour and ultimately different action!

That being said what is it you would like to achieve financially this year;

• Do you want to finally get rid of your bad debts such as credit cards & personal loans?
• Do you want to lower your monthly mortgage repayments ie. see if you can get a better rate/deal on your home loan?
• Do you want to buy your first home or investment property?
• Do you want to sell a property and make sure you get the best price?
• Do you want to renovate your house or upgrade to a new home?
• Do you want to look at other investment opportunities including commercial property?
• Do you want to update your car? Or buy a boat or caravan?
• Do you want to ensure you have the right insurances in place for total piece of mind?
• Do you want to achieve a better than average return on your superannuation?
• Do you want to set up a self managed super fund so you can control how and where your super money is being invested?
• Do you want to make sure you are financially prepared for retirement?
• Do you want to set up an automatic savings plan so you can go on a nice holiday at the end of year?
• Do you want to learn how to buy multiple investment properties or develop/subdivide property for profit?
• Do you want to raise capital so you can grow your business or even start up a new business venture?

If you’ve answered yes to any of the above you owe it to yourself to do something about it!

 

Ultimately we all want to make more money, and then make sure we keep it - call it wealth creation and wealth protection! Basically your goal is to decrease your expenses and grow your income and appreciating assets.

 

Simple? Yes. Easy? Well almost - it takes a bit of effort.

 

Imagine if you could get a better rate on your loans, pay down your high interest consumer debts [credit cards, personal loans], get a better return on your investments [both property and superannuation], reduce your insurance premiums [while getting the same or better cover], and set up an automatic savings plan so you’ll always have a few dollars to spend and enjoy each year?

 

1 + 1 = 3… huh you say? Well, improve one aspect of your finances and you’re ahead… improve all areas and the result will be exponential!

 

Ok what to do? …just get in contact with us and we’ll help you develop a customised, effective and achievable plan of attack for 2012.

 

Take action now - simply reply to this email or complete our online form to request our assistance.

 

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

The RBA's interest rate statement for December...

At its meeting today, the Board decided to lower the cash rate by .25% to 4.25 per cent.

Statement by Glenn Stevens: Growth in the global economy has moderated this year after a strong performance in 2010. Some of the slowing reflected temporary factors, and as these passed, the pace of expansion in the United States and much of Asia began to pick up around mid year. China's growth has been slowing, as policymakers there had intended. Trade in Asia is now, however, seeing some effects of a significant slowing in economic activity in Europe.

The sovereign credit and banking problems in Europe, to which European governments are still seeking to craft a full response, are likely to weigh on economic activity there over the period ahead. Financial markets have experienced considerable turbulence, and financing conditions have become much more difficult, especially in Europe. This, together with precautionary behaviour by firms and households, means that the likelihood of a further material slowing in global growth has increased. Commodity prices have reflected this, declining further over recent months and taking pressure off CPI inflation rates. This has increased the scope for some easing in monetary policy in a number of countries.

Information about the Australian economy suggests output growth has been close to trend, with demand growth stronger than that. The terms of trade have now peaked and will decline somewhat in the near term, but they remain very high. In response, investment in the resources sector is picking up very strongly, with much more to come. Some related service sectors are enjoying better-than-average conditions. In other sectors, changed behaviour by households and the high exchange rate have had a noticeable dampening effect. The unemployment rate has increased a little since mid year, though it remains close to 5 per cent.

CPI inflation on a year-ended basis remained above the target at the latest reading, due to the effects of weather events last summer, but is now starting to decline as production of key crops recovers. Moreover, with labour market conditions now softer, the likelihood of a significant acceleration in labour costs outside the resources and related sectors in the near term has lessened. Accordingly, the Bank's current judgement is that inflation is likely to be consistent with the 2–3 per cent target in 2012 and 2013, abstracting from the impact of the carbon pricing scheme.

The reduction in the cash rate as a result of the Board's previous decision flowed through to lending rates, which are now around their average level of the past 15 years. Short-term market interest rates have tended to decline a little further in recent weeks, though term funding conditions for financial institutions have become more difficult. Credit growth remains subdued and asset prices have declined further over recent months. The exchange rate has been quite variable over the past few months, but remains at an historically high level.

Overall, the Board concluded, on the basis of all the available information, that the inflation outlook afforded scope for a modest reduction in the cash rate. The Board will continue to set policy as needed to foster sustainable growth and low inflation over time.

For more details or to discuss how rate changes might affect your situation please call us on 8451 1500

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

Are things about to pick up in the property market?...

Before we dive into things this month I just want to highlight a couple of great offers available at the moment; the first is a variable loan with an interest rate of 6.45%, the other is a 3 years fixed rate loan at only 5.99%.

Competition is still high and lenders are regularly coming out with new interest rate specials as well as other incentives. If you would like to know whether you could get a better deal on your loans please don’t hesitate to contact us. Remember we’ll do all the work for you and it won’t cost you anything.

Variable rates recently dropped thanks to the November rate cute by the Reserve Bank of Australia however new research has found it wasn’t enough to drag potential home buyers back to the market.

The CBA/MFAA Home Finance Index for September found the ratio of respondents planning to buy property in the next 12 months had fallen to only 16.9 per cent, down from 21.6 per cent in January 2011.

However, pessimism about property markets - due to fear about debt and the state of the economy - is matched somewhat by positive factors: with a 25% of home owners putting away nearly a quarter of their take home earnings, up from 21.8 per cent in January 2011.

Mortgage stress is also down. Those struggling to meet repayments have decreased from 25.7 per cent in May to 17.5 per cent in September. Unfortunately buyer reluctance is reflected in current price expectations, with 46.4 per cent of people predicting lower house prices next quarter, more than double the 20.9 per cent recorded nine months ago.

Overall consumers are pulling back from buying property however they are behaving in a way that will put them in a strong position to act when confidence returned. With a recent interest rate cut, high savings and low mortgage stress, prospective home buyers are in a relatively good place financially.

As you take a moment to read this month’s news, remember Urbantech is always as close as your phone!

To read our full newsletter click here

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

Renovation Seminar - $25-50K profit, you only need a spare 70 hrs...

*LAST SEMINAR FOR 2011... 

We've educated over 500 people on how to safely make short term profits renovating property in any type of real estate market.

This no BS 2-hour content-packed seminar will teach you how to make quick profits in today's flat real estate market performing 'cosmetic only' renovations! 

How does $50k in less than 3 months sound... it's our '70-Hour Renovation System' at work!

As always our sessions are capped at ~15-20 people so get in early if you wish to come along. [Note: there are only 8 seats left] 

Book your place here; http://www.re-innovate.com.au/seminar
[includes all details of event] 

Your Partner in Success,

Sam Cocks

Managing Director
Urbantech Group
Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

The RBA's interest rate statement for November...

At its meeting today, the Board decided to lower the cash rate to 4.50 per cent.

Statement by Glenn Stevens: Recent information is consistent with a moderation in the pace of global growth, though fears of a major downturn have not been borne out so far. The pace of US economic expansion picked up in the September quarter, but is still only moderate and leaves considerable spare capacity. China's growth has slowed, as policymakers there had intended. Output in Asia has now recovered from the effects of the Japanese earthquake, and domestic demand in the region is generally expanding. Trade performance, however, is starting to see some effects of a significant slowing in economic activity in Europe, where the prospects are for economic weakness to continue. Commodity prices, while still at high levels, have generally declined over recent months.

Financial markets have recovered somewhat from the turmoil of recent months, helped by stronger economic data in the United States and by signs that European governments are making progress in their efforts to deal with the sovereign debt and banking problems.

Equity markets have gained ground and the Australian dollar has risen significantly as risk aversion has lessened. But it is likely to be some time yet before concerns about the European situation can definitively be laid to rest and the effects of the recent turmoil on confidence may result in a period of precautionary behaviour by firms and households.

Information about the Australian economy suggests moderate growth overall. The terms of trade have now peaked and will decline somewhat in the near term, but they remain very high. In response, investment in the resources sector is picking up very strongly, with much more to come. Some related service sectors are enjoying better-than-average conditions. In other sectors, cautious behaviour by households and the high exchange rate have had a noticeable dampening effect. The unemployment rate has increased a little over recent months, though it remains close to 5 per cent.

After underlying inflation started to pick up in the first half of the year, recent information suggests the subdued demand conditions and the high exchange rate have contained inflation more recently, notwithstanding continuing sizeable increases in utilities charges. CPI inflation on a year-ended basis remains above the target, due to the effects of weather events last summer, but is now starting to decline as production of key crops recovers. Moreover, with labour market conditions now softer, the likelihood of a significant acceleration in labour costs outside the resources and related sectors in the near term has lessened. Accordingly, the Bank's current judgement is that inflation is likely to be consistent with the 2–3 per cent target in 2012 and 2013, abstracting from the impact of the carbon pricing scheme.

Financial conditions have been easing somewhat recently, with market interest rates declining a little and competition to lend increasing. But overall conditions have remained tighter than normal, with borrowing rates still a little higher than average, credit growth subdued and asset prices lower than earlier in the year. The exchange rate has been very variable over the past few months, but on the whole has remained at historically high levels.

Over the past year, the Board has maintained a mildly restrictive stance of monetary policy, in view of its concerns about inflation. With overall growth moderate, inflation now likely to be close to target and confidence subdued outside the resources sector, the Board concluded that a more neutral stance of monetary policy would now be consistent with achieving sustainable growth and 2–3 per cent inflation over time.

For more details or to discuss how rate changes might affect your situation please call us on 8451 1500

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

Fixed rates now from 6.03%...

Continuing with our financial 'spring clean' initiative we have another exciting update for you...

One of our lenders has just slashed their fixed rates;
   

Fixed Rate Period	Fixed Rates
1 Year Fixed Rate	6.04%
2 Year Fixed Rate	6.03%
3 Year Fixed Rate	6.11%

Depending on your situation it could be a great time to look at fixing a portion of your home or investment loans.

Here's what you can do...Get us to professionally assess your situation and uncover what options you have available. In most cases you can expect to achieve one of these outcomes;

1. No Change - we find that you have the best possible rate and loan structure for your financial situation and suggest you keep things as the are;

2. Switch & Save!- we find you a significantly better deal/structure and help you to save thousands of dollars!

The current level of lender competition is unprecedented and won’t last forever - so take action and call us on 08 8451 1500 or simply reply to this email to request our assistance.

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

You can't lose with property right?...

I know we’ve been going on about the ‘lending war’ quite a bit [ie. banks cutting variable rates to 6.75% & 3yr fixed rates from 6.29%] so we thought we’d turn our attention to the Adelaide property market this month.

Let’s not beat around the bush, the property market is depressed at the moment. But aren’t those real estate agents doing a good job of remaining upbeat [the glass is half full - repeat 3 x] - heard any of these; "it’s just a pause in the market" or "we’re experiencing a soft landing that’s all" or "it’s the media's fault, they're focusing on all the negatives"

But the numbers don’t lie - according to research house RPData the total value of dwelling transactions for 2010/11 have seen their largest annual fall in more than a decade. RP Data analyst Cameron Kusher said the drop in value shows a strong correlation with a decline in the volume of transactions, and indicate low levels of activity in the housing market.

Auction clearance rates are down and so is the number of people choosing to sell by auction. Been to an auction lately? - it’s not pretty, you can only imagine how gutted vendors feel as they watch their beloved property being passed in without a single bid.

If you get out there and speak to a few honest agents you’ll find the vast majority will admit that things aren’t great. They’ll tell you inspection numbers are down - if they get 3-4 people through the doors that’s a great day, because it’s not that uncommon to stand around at an open and have no one turn up.

Of course properties are still selling but the data shows that the vast majority are sitting on the market for considerably longer. For example, 12 months ago a 3 bedroom townhouse around the corner from where I live sold for $715K which I didn't think was a great price at the time. A few months later a comparable townhouse [a few streets away] hit the market at $715K - some 6+ months later the vendors had to accept a price in the low to mid $600k’s.

Being in the finance game we see transactions all the time and vendor discounting like this is rife - lately we’ve seen several real examples of people who bought in the last few years taking a hit of $100-200K just in order to get a sale.

By the way we're actually very much pro-property [hope you weren’t getting the wrong impression] but in order to do well your strategy needs to adjust to match the market conditions. So in a slow depressed market it is probably not a great idea to borrow to the hilt and buy a negatively geared property [one that will cost you money each week] on the proviso that you’ll make a heap of money through capital growth.

Personally in a market like this if you are going to be a passive investor I feel you have to focus on cashflow - that is buy a property that will put money in your pocket each week. These sorts of properties do exist but having just come off the back of a huge property boom rentals are lagging a bit so the challenge now is finding these types of deals.

Alternatively, if you want to be more of an active investor you can still make solid short term gains and profits if you know how to add value to property. Our resident renovation expert Andrew is living proof of this - he’s still successfully buying, renovating and selling property for profits in this market! You’ll know by now that Andrew has showing people what he does through a series of seminars this year - next Wednesday Nov 2nd is likely to be his last for 2011 so if your interested go over to www.re-innovate.com.au/seminar and register your place.

Finally, the word is rates will be cut by 0.25% at the next RBA board meeting on Tuesday. As always we’ll let you know the outcome minutes after it is announced.

As you take a moment to read this month’s news, remember Urbantech is always as close as your phone!

To read our full newsletter click here

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

Are you paying the best possible rate?...

There's no doubting we're in the midst of a lending war and all the major players are doing whatever it takes to win more business, including heavily discounting their interest rates and fees.

Continuing with our 'spring clean' initiative we thought it would be useful to take a look at how these popular lenders compare on interest rate at the moment...

Lender	LVR < 75%	LVR > 75%	Ongoing Fees
FASTLend [broker only product]	6.75%	6.85%	$330/yr
ANZ - Breakfree Package	6.90%	6.95%	$375/yr
CBA - Wealth Package	6.91%	6.96%	$350/yr
NAB/Homeside	6.85%	6.95%	$120/yr
Westpac - Premier Advantage	7.16%	7.16%	$395/yr

[Source: individual lender website and communications as at October 2011]

Keep in mind your bank will not call you to discuss switching you to a cheaper rate with them, let alone tell you about a competitor who is offering a better deal.

If you need proof your bank doesn't have your best interests at heart click here to read a recent eye-opening story on the hard sell tactics of the big banks [as featured in AdelaideNow.com.au]

What you need to do...Get us to professionally assess your situation and uncover what options you have available. In most cases you can expect to achieve one of two outcomes;

1. Change Nothing - we find that you're currently on the best possible deal for your financial situation and suggest you keep things as the are;

2. Switch & Save!- we find you a significantly better deal and help you to save thousands of dollars!

The current level of lender competition is unprecedented and won’t last forever - so take action and call us on 08 8451 1500 or simply reply to this email to request our assistance.

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

If you want to make money in property don't renovate like The Renovators...

Great show but not great results [tune in for the upcoming finale and you will see what I mean] - if you want to learn how to renovate and make profit every time then keep reading...

Our 2-hour content-packed seminar will teach you how to make quick profits in today's flat real estate market performing 'cosmetic only' renovations!

How does $60k in less than 3 months sound... it's all thanks to the '70-Hour Renovation System'!

We've now educated over 500 people on how to safely make short term profits renovating property in any type of real estate market. Best of all we can proudly say that our students have made hundreds of thousands of dollars in profits following the simple strategies we teach.

In fact, the demand for our seminars has never been greater. The good news is we're hosting another seminar next Wednesday.

As always our sessions are capped at ~15-20 people so get in early if you wish to come along. [Note: As of today there are only 11 seats left]

For all details and to register click here

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

The RBA's interest rate statement for October...

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

Statement by Glenn Stevens: Conditions in global financial markets have continued to be very unsettled, with uncertainty increasing about both the prospects for resolution of the sovereign debt and banking problems in Europe, and the outlook for global economic growth. While temporary impediments that had contributed to a slowing in growth in some countries over recent months are lessening, recent data suggest a continuing period of soft economic conditions in both Europe and the United States. Moreover, the uncertainty and financial volatility have reduced confidence, which could result in more cautious behaviour by firms and households in major countries.

It will take more time for evidence of any effects of the recent European and US financial turbulence on economic activity in other regions to emerge. Thus far, indications are that economic activity is continuing to expand in China and most of Asia. Nonetheless, recent events have led forecasters to reduce their estimates for global GDP growth, which is now expected to be about average this year and next. Prices for commodities have declined over recent weeks, though in general they remain high. 

Australia's terms of trade are very high, which has increased national income considerably. Investment in the resources sector is picking up very strongly and some related service sectors are enjoying better than average conditions. In other sectors, cautious behaviour by households and the earlier rise in the exchange rate have had a noticeable dampening effect. The impetus from earlier Australian Government spending programs is now also abating, as had been intended. While there remain good reasons to expect solid growth over the medium term, the indications are that the pace of near-term growth is unlikely to be as strong as earlier expected, due both to local and global factors, including the financial turmoil and related effects on business confidence. 

Underlying inflation stopped falling and began to increase earlier this year. The Board has been concerned about the prospect of a further pick-up over the period ahead, but over recent months has been weighing the question of whether a period of weaker than expected conditions would contain that pick-up in inflation. Recently revised data show a pick-up to date in the underlying pace of price rises that was less sharp than initially indicated. Moreover, with labour market conditions now a little softer and households more concerned about the possibility of unemployment rising, the likelihood of a significant acceleration in labour costs outside the resources and related sectors is lessening. 

Taking into account all the recent information, the path for inflation may now be more consistent with the 2–3 per cent target in 2012 and 2013, abstracting from the impact of the carbon pricing scheme. This assessment will be reviewed on receipt of further data on prices ahead of the Board's next meeting. An improved inflation outlook would increase the scope for monetary policy to provide some support to demand, should that prove necessary.

The Board noted that financial conditions have been easing somewhat, with interest rates for some housing and business loans declining slightly due to increased competition and the fall in some funding costs in financial markets. The exchange rate has also declined from the very high levels of a few months ago. Credit growth remains low, however, and asset prices have declined. 

At today's meeting the Board judged the current cash rate remained appropriate. As always, the Board will continue to assess carefully the evolving outlook for growth and inflation. 

For more details or to discuss how rate changes might affect your situation please call us on 8451 1500

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

Why they want you so bad!...

There’s a battle going on out their in the finance world and it’s you they are after!

This week the Commonwealth Bank vowed to beat the home loan rates of its rival majors for the duration of the month. The bank has issued a guarantee that it will beat any advertised rate from competitors Westpac, NAB and ANZ.
[note: this offer excludes the major banks subsidiaries like BankSA and non-banks, which have some of the rates in the market]

This is not a gimmick, it’s real competition in action - the likes of which hasn’t been seen for some years!

Lenders are acting with almost a level of desperation - slashing rates, offering huge discounts, giving cash incentives and even increasing LVRs on loans.

Doesn’t it feel good to be wanted! Depending on your circumstances you can currently get variable rates from as low as 6.75% and 3 year fixed rates from 6.39%.

So what’s caused this perfect storm? There are two main factors at play - firstly, the property market has all but ground to a halt causing a substantial decrease in the number of transactions/sales and therefore a big reduction in new lending demand.

Secondly, thanks to the GFC people have switched from a consumption and spending mindset to a saving mindset. ‘The party is over’ so to speak and these days more people are focusing on spending less and paying down their loans.

This leaves only one option for the banks - increase their market share from the pool of existing loans. That is try and get you to move your current loans over to them from your existing lender by refinancing.

The take home message here is you have a real opportunity to save some money and you owe it to yourself to explore what's on offer to see if you can get a better deal!

We are currently helping many clients to save money and most agree it is a great time to refinance and/or look at fixing all or part of your loans.

If you’re not sure whether you are on the best deal it’s simple, just give us a call. And if you’ve just come out of a fixed rate loan or your existing loans are more than 12 months old then you definitely need to contact us.

As you take a moment to read this month’s news, remember Urbantech is always as close as your phone!

To read our full newsletter click here

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

The Renovators - bigger doesn't always mean better...

What do you think of The Renovators... it’s certainly grown on me. I find it entertaining and dare I say a little educational with those ‘master classes’ - although I don’t know that I’ll be making my own outdoor concrete bath any time soon!

But at least there’s less crying compared with the other reality shows [although SA's Jason Jurecky gave us a nice ‘ugly cry’ the other week in the elimination challenge]

Anyway more importantly what do you think about the actual renovations?

They’re all big projects aren’t they - we’re talking about extensive renovations that require a lot of planning, money, time, effort and skilled labour to complete.

In fact, some of the ‘renovations’ are so extensive I think they should be classified more as developments.

Free Seminar - Learn how to renovate in 4-6 weeks and make up to $50k in profits; http://www.re-innovate.com.au/seminar

Even the contestants, with all their renovation and trade experience are finding it hard going!

The thing is most people equate big projects with big profits. While I don’t disagree it is more of a question of risk vs reward.

And personally I feel the larger projects are too risky for most people - they take much longer; often require council approval; need you to coordinate more trades; take up a lot more of your time; and in most cases cause you way too much stress!

I actually think my friend Andrew has got a better model...

He simply buys the cheapest properties [usually units and townhouses] in the best areas, completely renovates [cosmetic only] them in 4-6 weeks and puts them back on the market for sale.

Best of all he is in and out in the same market conditions and each deal only takes around 70 hours project management time - for a return of between $25K-50K in clear profit.

Who would have thought that smaller could be better. But it can be - in fact, you can make the same if not more money with a lot less risk and worry!

The great news is Andrew has distilled all his knowledge down into a simple to learn system - he calls it the ’70-hour Renovation System’ and is teaching other people how to do it.

He’s also giving people access to his team of tradespeople - the rare kind of tradespeople that actually show up, get the work done quickly and don’t rip you off.

Even better is Andrew’s list of suppliers - you’ll get access to Andrew’s wholesale prices on all the high ticket items [like kitchens and appliances] you'll need to complete your renovations. This alone should save you around $5,000 per project!

To find out more you will need to come to his seminar next Wednesday. Register here; http://www.re-innovate.com.au/seminar 

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

You could save $$ but only if you ‘Spring’ into action...

All puns aside you currently have an opportunity to get a better deal on your home/investment loans!

We're in the midst of a lending war and all the major players are doing whatever it takes to win more business, including heavily discounting their interest rates and fees.

Why are they doing this? The simple answer is lending money is very profitable and with the property market stalling lenders have begun focusing their attention on 'enticing' customers away from their competition. This is great news for anyone with a mortgage!

Here’s a couple of deals currently available;

Product	Interest Rate
Variable Rate Loan	6.75% [includes $0 ongoing fees]
3 Year Fixed Rate Loan	6.39% [includes $0 ongoing fees]

[Note: interest rates are always dependant on your loan size and financial circumstances]

But don't be complacent - let's face it your bank will not call you to discuss putting you on a cheaper interest rate. And they certainly won't give you the option of moving your business to a competitor who has a better deal.
It’s crazy but they would rather reward ['buy'] new customers than support their loyal existing customers!

Here's what you need to do;Get us to professionally assess your situation and uncover what options you have available. In most cases you can expect to achieve one of two outcomes;

1. Change Nothing - we find that you're currently on the best possible deal for your financial situation and suggest you keep things as the are;

2. Switch & Save!- after putting the hard word on our panel of lenders and playing them off against each other we find you a significantly better deal and help you to save thousands of dollars!

The current level of lender competition is unprecedented and won’t last forever so take action and call us on 08 8451 1500 or simply reply to this email to request our assistance.

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

AFL Footy Tipping 2011 - The winner is...

AFL Footy Tipping 2011 has finished so it’s time to announce our winner!

Congratulations to DFlo!!

Once DFlo grabbed the lead early on in the season he never let it go finishing the season 5 points above his nearest rival, with a very impressive total of 149!

As the winner of the Urbantech Group Footy Tipping Comp you’ve won; 2x Event Cinemas Gold Class Passes plus a $50 Bar Voucher. [Plus you get bragging rights for the next 12 months!]

A special mention also to Burf who finished in second place and LT who finished third.

[Note: if you like you can continue to tip throughout the finals]

Until season 2012…

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

The RBA's interest rate statement for September...

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

Conditions in global financial markets have been very unsettled over recent weeks, as participants have confronted uncertainty about both the resolution of sovereign debt problems and the prospects for economic growth in Europe and the United States. As a result, the outlook for the global economy is less clear than it was earlier in the year. Some temporary impediments that had contributed to a slowing in growth in some countries over recent months, such as the supply-chain disruptions from the Japanese earthquake and the dampening effects of rising commodity prices, are lessening. But the uncertainty and financial volatility is reducing confidence and may result in more cautious behaviour by firms and households in major countries. A number of forecasters have scaled back their global growth estimates over the past couple of months.

At this stage, little evidence is available to gauge any effects of the European and US problems on other regions. Prices for key Australian commodities have remained very high thus far, with growth in China continuing to look solid. As a result, Australia's terms of trade are now at very high levels and national income has been growing strongly. Investment in the resources sector is picking up very strongly and some related service sectors are enjoying better than average conditions. In other sectors, cautious behaviour by households and the high level of the exchange rate are having a noticeable dampening effect. The impetus from earlier Australian Government spending programs is now also abating, as had been intended. Overall, the near-term growth outlook continues to look somewhat weaker than was expected a few months ago. Beyond the near term, growth is still likely to be at trend or higher, unless the world economic outlook continues to deteriorate.

Growth in employment has been moderate this year and the unemployment rate has been little changed, near 5 per cent, for some time now. Reports of skills shortages remain confined to the resources and related sectors. After the significant decline in 2009, growth in wages has returned to rates seen prior to the downturn, though productivity growth has been weak.

Year-ended CPI inflation should start to decline towards the end of the year, as temporary weather-related effects reverse. But measures of underlying inflation have been increasing this year, after declining for the previous two years. While they have, to date, remained consistent with the 2–3 per cent target on a year-ended basis, the Board remains concerned about the medium-term outlook for inflation. A key question will be the extent to which softer global and domestic growth will work, in due course, to contain inflation.

Most financial indicators suggest that monetary policy has been exerting a degree of restraint. Credit growth has declined over recent months and is very subdued by historical standards, even with evidence of greater willingness to lend. Most asset prices, including housing prices, have also softened. The exchange rate is high. Each of these variables is affected by other factors as well, but together they point to financial conditions being tighter than normal.

At today's meeting, the Board judged that it was prudent to maintain the current stance of monetary policy. In future meetings, the Board will continue to assess carefully the evolving outlook for growth and inflation.

For more details or to discuss how rate changes might affect your situation please call us on 8451 1500

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

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Anyone can do this and make money...

Do you watch The Block or The Renovators?... Want to learn how to do it right every time. We've now educated over 500 people on how to safely make short term profits renovating property in any type of real estate market. Best of all we can proudly say that our students have made $100's of thousands of dollars in profits following the simple strategies we teach.

In fact, the demand for our seminars has never been greater. The good news is Andrew has agreed to do another round of seminars for our clients, starting next Wednesday!

As always our sessions are capped at ~15-20 people so get in early if you wish to come along. [Note: As of today there are only 7 seats left]

For all details click here

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

The Block - what went wrong?...

Did you watch The Block last night?

I made it home after our renovation workshop just in time to see the final two auctions… and what a disaster!!

3 of the 4 properties failed to sell under the hammer leaving couple Polly & Waz as winners by default [btw they’re already being referred to in the media as the ‘Steven Bradbury’ of the renovation world].

Their house sold for $855,000 on a reserve of $840,000, leaving them to pocket the $15,000 difference plus the $100,000 cash prize. While the other 6 contestants, visibly shattered, walked away with nothing - that’s after no less than eight weeks of pain staking work and sacrifice!

Here are the results if you missed it;
Josh & Jenna - Reserve Price $950,000; Highest Bid $901,000 - PASSED IN
Polly & Waz - Reserve Price $840,000; Highest Bid $855,000 - *SOLD*
Katrina & Amie - Reserve Price $860,000; Highest Bid $822,000 - PASSED IN
Tania & Rod - Reserve Price $850,000; Highest Bid $832,000 - PASSED IN

*Learn how to renovate + profit every time! click here to book in for our next seminar.

This result highlighted two simple but crucial mistakes people make when buying and renovating property for profit;

Mistake #1 - They paid too much!
Mistake #2 - They spent too much!

It’s been revealed that the producers of the show paid $3.6 million for the four derelict Victorian properties. Since then, a second storey was added to three of the houses, all four were restumped, rewired, replumbed and reroofed, and each had at least $100,000 spent on it by the contestants.

Keeping the numbers simple, at a total cost of $4,000,000 each property had to sell for well over $1,000,000 for there to be any ‘real’ profits in the project. But even if we ignore the fact the producers paid way too much each property had been carefully appraised [by some of the best agents in Melbourne] prior to going under the hammer and only 1 reached it’s reserve price! So despite all of the extensive improvements people just couldn’t justify paying the prices being asked.

Once the contestants get over the fact they didn’t make any profit they should find some comfort in the realisation that if they actually had owned these properties they’d currently be looking down the barrel at some very big losses!

While The Block was an entertaining reality TV show and a huge ratings success for Channel 9 it was fitting that the finale brought home the ‘reality’ of what can happen when you get it wrong.

*Want to learn how to renovate property in 4-6 weeks and make $50K in profits? click here to book in for our next seminar. 

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

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Rates slashed as the banks go to war...

If you have a home loan at the moment, it might just be the best time in 20 years to be looking for a better deal!

There’s a price war going on as the major banks aggressively cut deals on rates and fees to win new lending business and shut down the competition from second-tier lenders.

And they are winning hands down maintaining their strangle hold on the mortgage market - with new research showing the major banks now account for more than 90 per cent of the market, compared with 60 per cent only four years ago.

What does it mean for you? Depending on your level of borrowing and income it’s currently possible to get variable rate loans from as low as 6.75%!!

Now it’s not often economists get it right but last month Westpac’s chief economist Bill Evans went against the grain and forecast a series of future RBA interest rate cuts. Now it seems the other lenders agree, with the majority of them slashing as much as .60% off their fixed rate products in the last 7 days - as an example you can now get 3 year fixed rates from as low as 6.59%!!

In addition to cheap rates some lenders are also promoting incentives to bring your business to them with one bank offering as much as $1,000 towards your switching costs, while others are waiving their entire application fees.

A word of warning to borrowers thinking of switching, remember the ban on exit fees applies only to new home loans taken out after July 1 [although some loans already don't have them and some lenders have made the ban retrospective] so we do need to factor in these possible costs when determining whether switching lenders is right for you.

Remember your bank/lender is not going to ring you to say you can get a better deal down the road at their competitor - that’s what we’re here for! Give us a call or send us an email and we’ll do all the hard work for you and make sure you get the best possible deal in today's highly competitive market.

As you take a moment to read this month’s news, remember Urbantech is always as close as your phone!

To read our full newsletter click here

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

Buy, renovate and sell opportunity...

A property investment opportunity for your consideration... *TIME SENSITIVE*

Background: Our reno guru Andrew Farnden has just sourced another great renovation opportunity. The large 2 bedroom homette is in an excellent position and is in need of a full cosmetic renovation [just how we like them!] - as usual it's been secured by Andrew at below market price.

Andrew's had another successful couple of months and is currently at full capacity with multiple renovations on the go. As is the case, he can't take on every project he finds so he is offering this opportunity to whoever puts up their hand first.

If you have been to one of our renovation seminars or completed our 2-day renovation workshop you'll know that Andrew consistently makes $20-50k in profit buying, renovating and selling units or townhouses.

Note: You'll have to act immediately as the cooling off period for the contract Andrew has negotiated will start soon. 

There are a 2 ways that you might want to consider taking on this deal;

1. Do the project yourselfSimply pay us a buyers fee for the deal and it's yours. You take over the purchase contract [at Andrew's discounted price] and become the owner, then you can renovate the property and sell it for maximum profit. Alternatively this unit would make a great hold investment if your looking to add to your property portfolio.

2. Do the project with us If you don't feel you have the know-how and confidence to do a renovation deal like this on your own we can help. As above you would take over the purchase contract and become the owner, but rather than renovate it yourself you could get us to guide you through the project including contracting us to do the entire renovation for you [via our renovation service - see www.re-innovate.com.au for more details]

Here's a basic snap shot of the deal;

Suburb	Seaton
Original Asking Price	$279,000
Negotiated Purchase Price	$250,900
Discount [from asking price]	$28,100
Potential Profit [on sale following the renovation]	$25K - $40k

Smart investors will tell you that you make your money when you buy a property - well the hard work has already been done for you!

If you are interested in this property please call Andrew directly on 0431 940 873

Your Partner in Success,
Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

The RBA's interest rate statement for August...

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

The global economy is continuing its expansion, but the pace of growth slowed in the June quarter. The supply-chain disruptions from the Japanese earthquake and the dampening effects of high commodity prices on income and spending in major countries both contributed to the slowing. It is still not clear how persistent this slower growth will be. The supply-chain disruptions are now gradually abating and commodity prices have softened of late, though they generally remain high. In China most indications suggest only a mild slowdown so far.

The central scenario for the world economy over the next couple of years envisaged by most forecasters remains one of growth below the pace of 2010, but at or above long-term averages. Downside risks have increased, however, as concerns have grown over the outlook for the public finances of both Europe and the United States.

Australia's terms of trade are now at very high levels and national income has been growing strongly. Investment in the resources sector is picking up very strongly and some related service sectors are enjoying better than average conditions. But in other sectors, cautious behaviour by households and the high level of the exchange rate are having a noticeable dampening effect. The impetus from earlier Australian Government spending programs is now also abating, as had been intended.

The resumption of coal production continues, but a full recovery of flood-affected production now looks unlikely before early next year. Precautionary behaviour by households also looks likely to keep some areas of demand weaker in the near term than earlier expected. Overall, growth in real GDP through 2011 is now likely to be at about trend. Over the medium term, overall growth is still likely to be at trend or higher, unless the world economy deteriorates noticeably.

Growth in employment has moderated and the unemployment rate has been little changed, near 5 per cent, for some time now. Reports of skills shortages remain confined, at this point, to the resources and related sectors. After the significant decline in 2009, growth in wages has returned to rates seen prior to the downturn, though productivity growth remains weak.

Year-ended CPI inflation has been high, affected by the extreme weather events earlier in the year. As these effects reverse over the next couple of quarters, CPI inflation should decline. But measures that give a better indication of the trend in inflation have begun to rise over the past six months, after declining for the previous two years. While they have, to date, remained consistent with the 2–3 per cent target on a year-ended basis, the Board remains concerned about the medium-term outlook for inflation.

It is appropriate under such circumstances for monetary policy to exert a degree of restraint. Most financial indicators suggest that it has been doing so, as a result of the Board's decisions last year. Credit growth has declined over recent months and is very subdued by historical standards, even with evidence of greater willingness to lend. Most asset prices, including housing prices, have also softened over recent months. The exchange rate is high. Each of these variables is affected by other factors as well, but together they point to financial conditions being tighter than normal.

At today's meeting, the Board considered whether the recent information warranted further policy tightening. On balance, the Board judged that it was prudent to maintain the current setting of monetary policy, particularly in view of the acute sense of uncertainty in global financial markets over recent weeks. In future meetings, the Board will continue to assess carefully the evolving outlook for growth and inflation.

For more details or to discuss how rate changes might affect your situation please call us on 8451 1500

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

$60k profits in 3 months, with only 70 hours of work...

We've educated over 400 people to date on how to safely make short term profits renovating property in any type of real estate market. We're proud to say that our students have made $100's of thousands of dollars in profits following the simple strategies we teach.

Unfortunately this could be your last chance to learn how to do it - Andrew has so many projects on the go and in the pipeline that this could be his last seminar for the year! Our sessions are always capped at ~15 people and we always book out so get in early if you wish to come along next Wednesday night.

For all details and to register click here

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

Exit fees gone, property declines, rates cut by 1%?...

Well it’s official. Despite last ditch efforts to overturn the ban, the government-proposed ban on exit fees for all residential home & investment loans came into force on July 1st. To recap, this ban outlaws the imposition of any exit fees, or fees charged by lenders upon termination of a loan contract.
The ban applies to all new loan contracts entered into after July 1st, however some lenders have announced that they will remove the exit fees payable on a range of their existing customer loans. So if you have ever contemplated switching lenders or you just want to see if you could get a better deal it’s probably a good time to call us up for a chat.

There’s no denying it property prices are falling. According to the latest rpdata research report prices have declined by 2.6% in Adelaide over the last 12 months. Nationally there has been a big swing in both the supply & demand sides with transaction volumes [number of properties selling] down 20% and listing volumes [number of properties on the market] up 25% on last year.

So the news for property sellers is not great, unless of course you’re selling and buying in the same market. On the other hand the conditions are more than favourable for the cashed up home buyer or investor who is on the hunt for a bargain. However a word of warning for the investors - with poor capital growth prospects over the next few years you should not rely on a passive investing approach. We suggest only buying those properties that you can add serious value to. Want to learn more click here

In somewhat of a shock this week Westpac’s chief economist Bill Evans has forecast a series of interest rate cuts. Mr Evans said low consumer sentiment could force the Reserve Bank of Australia to slash the official cash rate by up to 1 per cent in 2012.

This slump in consumer confidence has been blamed on higher interest rates, uncertainty about the global economy and even speculation about a higher cost of living linked to the carbon trading scheme. 3 year fixed rates have just hit their lowest level in 2 years, so if you don’t agree with Bill’s forecast and think rates will go up it could be an ideal time to consider fixing your loans.

And finally, we’ve just made it easier for you to reach us on the go with a new mobile version of our website! Simply access it from your smart phone at m.urbantechgroup.com.au - with just one touch you can now easily call, email and text us or find our exact office location on Google maps!

As you take a moment to read this month’s news, remember Urbantech is always as close as your phone!

To read our full newsletter click here

Your Partner in Success,


Sam Cocks
Managing Director
Urbantech Group
Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au/

Discuss this blog post on our fan page  | 

Learn how to create Capital Growth in today's flat property market...

If your plan is to buy & hold and pick up double-digit Capital Growth over the next few years you're going to be disappointed! Prices in many areas are on the slide and we probably haven't hit the bottom just yet.

But what if you don't need to rely on market growth - what if you just create your own equity growth instead. One of our renovation students made a profit of $70K doing just that in Adelaide! Read on for more...

Next week we'll be holding another one of our very popular and interactive renovation seminars, and if you decide to come along you will be glad - in 2 hours we’re going to teach you how to find, buy, renovate and sell property for maximum profit in today’s flat market.

No Hype or BS Guaranteed! - just real practical strategies you can understand and use immediately.

For details and to register your place click here
[Special Bonus* - Get a FREE Property RE-Search Kit valued at $147 when you register]

We've educated over 400 people now and we're really excited about the results our students are getting...

A couple that graduated from our workshop late last year are working on their 3rd renovation project - in total they've banked ~$70,000 in clear profits from their first two deals!!

And here’s the kicker; they both work full time and didn’t have any renovation experience before working with us. Also the renovations took only 5-6 weeks to complete and not much more than 70 hours of their 'spare' time. [if you come to our seminar we’ll go through one of their deals and show you exactly what they did!]

For details and to register your place click here

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

The RBA's interest rate statement for July...

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

The global economy is continuing its expansion, but the pace of growth slowed in the June quarter. The supply-chain disruptions from the Japanese earthquake and the dampening effects of high commodity prices on income and spending in major countries have both contributed to the slowing. The banking and sovereign debt problems in Europe have also added to uncertainty and volatility in financial markets over recent months.

A key question is whether this more moderate pace of growth will continue. Commodity prices have generally softened of late, though they remain at very high levels. Despite the challenging international environment, the central scenario for the world economy envisaged by most forecasters remains one of growth at, or above, average over the next couple of years. A number of countries have tightened monetary policy but, overall, global financial conditions remain accommodative and underlying rates of inflation have tended to move higher.

Australia's terms of trade are now at very high levels and national income has been growing strongly, though conditions vary significantly across industries. Investment in the resources sector is picking up strongly in response to high levels of commodity prices and the outlook remains very positive. A number of service sectors are also expanding at a solid pace. In other areas, cautious behaviour by households and the high level of the exchange rate are having a noticeable dampening effect. The impetus from earlier Australian Government spending programs is now also abating, as had been intended.

A gradual recovery from the floods and cyclones over the summer is taking place, though the resumption of coal production in flooded mines continues to proceed more slowly than initially expected. The recovery will boost output over the months ahead, and there will also be a mild boost to demand from the broader rebuilding efforts as they get under way, but growth through 2011 is now unlikely to be as strong as earlier forecast. Over the medium term, overall growth is still likely to be at trend or higher, if the world economy grows as expected. 

Growth in employment has moderated over recent months and the unemployment rate has been little changed, near 5 per cent. Most leading indicators suggest that this slower pace of employment growth is likely to continue in the near term. Reports of skills shortages remain confined, at this point, to the resources and related sectors. After the significant decline in 2009, growth in wages has returned to rates seen prior to the downturn.

Credit growth remains modest. Signs have continued to emerge of some greater willingness to lend and business credit has expanded this year after a period of contraction. Growth in credit to households, on the other hand, has slowed. Most asset prices, including housing prices, have also softened over recent months.

Year-ended CPI inflation is likely to remain elevated in the near term due to the extreme weather events earlier in the year. However, as the temporary price shocks dissipate, CPI inflation is expected to be close to target over the next 12 months. In underlying terms, inflation has been in the bottom half of the target range, though a gradual increase is expected over time.

At today's meeting, the Board judged that the current mildly restrictive stance of monetary policy remained appropriate. In future meetings, the Board will continue to assess carefully the evolving outlook for growth and inflation.

For more details or to discuss how rate changes might affect your situation please call us on 8451 1500

Your Partner in Success,


Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  | 

Learn how to renovate for profits in a flat market...

We are currently hosting a series of interactive seminars to teach clients how they can make short term profits in today's flat real estate market. Each session is capped at ~15 people and places book fast so register early if you wish to come along.

Spend 2 jam-packed hours with renovation guru Andrew Farnden and discover the exact strategies he uses to make quick profits in today's Adelaide property market.

The best thing about Andrew's strategy is it’s simple - anyone can do it once they know the right way around things. He doesn’t use property options, wraps, subdivide land or build new properties - he simply buys small units or houses, renovates them to a very high standard and sells them quickly for maximum profit [usually around $25K-$50K each deal!]

I told you it was simple! However you need to know how to do it right - get it wrong and it could be costly. That's why Andrew developed the '70-hour renovation system' - a step-by-step system that Andrew has used to make a profit on every single renovation project to date. Best of all Andrew's commitment on each deal is ~70 hours or work [mostly phone calls to organise things!]

For full details and to register your place - click here

Your Partner in Success,

Sam Cocks
Managing Director
Urbantech Group

Finance Adelaide, Home Loans Adelaide
http://www.urbantechgroup.com.au

Discuss this blog post on our fan page  |