at 58 Hulme Court Myaree, Perth, 6154 Australia
Home Loans Construction / Established / First Home Owners Commercial
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310 FB users likes Western Force Finance, set it to 19 position in Likes Rating for Perth, Western Australia in Bank/financial services category
Dreaming of building a new Home, Here's a Tip Get your foundation right from the start. Here is how that looks, by understanding and having your budget set, this will give you a clear understanding of the building process which eliminates stress levels when talking to land agents and builders at display centres across the state.
Hi All, Just wanted to inform you all, I have arrived back in Perth from Holidays in good working order and ready to roll. So if you or any of your friends need financial assistance regarding all Home loan scenarios / options, please feel free to contact us, enjoy the week.
Go Thiess 1000 new mining jobs with Thiess at Roy Hill
Be careful Credit scoring introduced. So what is this, it's a electronic internal profiling system introduced to help select preferred clients. One part of this process, is the number of credit enquiries a client has made over a period of time. So this is how it looks. you may enquire for a credit card, that's 1. Whilst your at the bank, you talk about your home loan that's 2. Some instances 4 enquiries in 12 months results in a negative outcome. More reason to use Mortgage brokers when looking at your Home loan. Brokers can make enquiries without raking up your score.
Hockey: the age of entitlement is over It’s a tough budget with all Australians told to bear the burden. According to Federal Treasurer Joe Hockey, “the economy is growing at less than normal speed and the time to fix the budget is now.” For families, there is a focus on healthcare and education; for high income earners, a new tax just for them; for pensioners – new eligibility rules; and for the rest of us – a little bit of extra super. 5 top areas of focus in Budget 2014 1. High income earners levy A 2% levy will apply to those earning income above $180,000. The impost is for three years only from 1 July 2014 to 30 June 2017 and means that those earning above $180,000 will pay the extra 2% levy on all income in excess of $180,000. That is if you are earning $200,000 you will be faced with an additional 2% on $20,000 – a total levy of $400, or if you are earning $300,000 you will be paying a 2% impost on $120,000 – or $2400. 2. Healthcare to cost more From 1 July 2015, previously bulk-billed patients can expect a charge of $7 per visit towards the cost of standard GP consultations and out-of-hospital pathology and imaging services. For concessional patients and children under 16 years, the contribution will be limited to the first 10 visits each calendar year. The Medicare levy will increase from 1 July 2014, to fund DisabilityCare, which was announced in last year’s budget. 3. Higher education – good and bad On the one hand the Government has announced it will deregulate the higher education sector and from 1 January 2016 will allow higher education providers in Australia to set their own tuition fees. This is likely to increase the cost of education in Australia. The Government will continue to provide students a way to defer costs of study through HELP and graduates will begin to repay the debt only once their income reaches $50,638 from 1 July 2016. On the other hand, from 1 July 2014, a tertiary loan system will be extended to TAFE students who will have access to 4-year concessional trade support loans to help them complete their trade course. 4. Business gains and losses The Government remains committed to cutting the company tax rate by 1.5% from 1 July 2015. For large companies this will offset the cost of the Government’s Paid Parental Leave Levy. For the SMEs it will provide a boost to profits. The Government has also reinforced its promise to repeal the Minerals Resource Rent Tax (MRRT) and Carbon Tax. In addition, the Government introduced an Exploration Development Incentive to encourage investment in small exploration companies undertaking greenfields mineral exploration in Australia. 5. Focus on pensions • Pension payments will have the asset and income test thresholds frozen for 3 years from 1 July 2017. • The Government will index pensions to inflation rather than wages from September 2017, this is expected to reduce pension increases. • The pension age will be increased to age 70 by 1 July 2035, building on the former Government’s move to increase the pension age to 67 by 1 July 2023. We will be contributing more super The Super Guarantee will increase from 1 July 2014 to 9.5%. It will then remain frozen for 4 years, after which it will increase 0.5% a year until it reaches 12% in July 2022. And when you have to keep working... The Government has acknowledged that for older Australians to find jobs there needs to be a culture change towards older Australians. They are offering up to $10,000 to businesses that employ Australians aged over 50 years who have been on unemployment or disability benefits for more than 6 months.
Our view on the budget Tough but expected. So how do we manage it best.... Roll with the punches, short term pain for a better and brighter future gain for all.
Happy Mother's Day to all those amazing mums out there, enjoy your day
Western Force Saturday 10 May, 11:05 pm Free State Stadium, Bloemfontein Central Cheetahs 16 - 23 Final Western Force
Talking Rugby Well done to the Western Force in Sth Africa, tough work.
House and Land package approx $341k small block in Avonlee Estate. 3x2 house plans available, as client has had to walk away. If interested contact me and ill point you in the right direction.
Question has been asked and I have to thank Brad Ramm for the question. Do I deal with clients other then first home owners ? Sort answer "Yes" I actually deal with more Property investors, who are at various stages, from those just starting their journey to those more advanced that are holding over 100 properties in their investment portfolio. There are investors that mix it up as well,between residential and commercial investments.
Well done to the Western Force 4 in a row, fantastic stuff.
Construction Scenario For first home buyers. Total package $420'000 ( House & Land). 1% deposit (Genuine Savings Policy) $4'200, this is the minimum amount you would need before you could apply for this loan. There will be additional settlement fees that you would need to factor in of approximately $2'000. Monthly repayments from $2430. This is general information only and is subject to lenders policy and requirements.
Investment strategy Existing home on 650sqm ( can be on 450sqm ) value $420'000, Scenario a 95% loan with interest only payments = $1680 per mth. Proposed rental return at $400 per week ( x 52 / 12) = $1733 $53 surplus per month. Add a new Granny Flat $150'000 Scenario a 100% loan with interest only payments = $631 per mth, Proposed rental return of $380 per week ( x 52 / 12 ) = $1646 $1015 surplus per month. A cheaper alternative to increase your investment portfolio. Interestingly enough if you now use the surplus cash to pay down your owner occupied home loan. If we look at a average home loan of $400'00 you could save approx 12 years on a 30 year mortgage.
What is Government: A group of people that governs a community or unit. It sets and administers public policy and exercises executive, political and sovereign power through customs, institutions, and laws within a state. A government can be classified into many types--democracy, republic, monarchy, aristocracy, and dictatorship are just a few
Western Force Finance in conjunction with Form Homes Granny Flats built on existing Owner Occupied or Investment properties, a great way to earn additional income on your own home or maximise investment return. Contact us for a free consultation.
New land release at Honeywood Rise Estate Wandi 300sq m lots starting from $265000