Monique Adams - Property Finance Turning Dreams into Reality

29/11/2020

News just in:

📢 KEY CHANGES ANNOUNCED TODAY BY THE FEDERAL GOVERNMENT
Today the Government announced an extension to the HomeBuilder program to 31 March 2021.

And have noted the following changes:

A $15,000 grant is available for building contracts (new builds and substantial renovations) signed between 1 January 2021 and 31 March 2021.

An extended deadline up until 14 April 2021 for all applications to be submitted, including those applying for the $25,000 grant and the new $15,000 grant.

An extension to the construction commencement timeframe from 3 months to 6 months for all HomeBuilder applicants. This applies to all eligible contracts signed on or after 1 January 2021, and to all contracts entered into on or after 4 June 2020.

Source: Master Builders WA

Read more at

th.bg_blue { background-color: rgba(56,90,126,0.3);} th.lg_blue { background-color: rgba(56,90,126,0.1); } HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant to build a new home or substantially renovate an existing home. HomeBuilder assists the residential cons...

17/11/2020

The bank is predicting healthy price rises for 2021.

“We now expect house prices at the national level to rise modestly over the balance of this year,” ANZ economists Felicity Emmett and Adelaide Timbrell said. “Next year, we expect price gains of around 9 per cent across the capital cities.”

ANZ expects housing prices in Perth to jump 12% next year, according to The Australian Financial Review. Brisbane home prices are expected to see a 9.5% rise, while Hobart prices are set to go up 9.4%. Sydney prices are projected to rise 8.8% – close to the national average. Melbourne price growth is expected to trail the other capitals, with projected growth of 7.8%.

08/06/2020

Building the new home of your dreams – or considering major renovations to your current home?

Now with numerous State and Federal Grants available this is the perfect time to consider your options.

Confused??

Call me in 04399 79 274

WA Owned & Operated WE DO MORE THAN JUST MORTGAGE BROKING Award Winning Home Loan Services PERTH MORTGAGE BROKERS – Owned and operated by West Australians It’s more than mortgage broking. At Select we think of it as building relationships. We’re not just here to help with that first loan, we.....

26/03/2020

Concerned about servicing your loans?
Published by MFAA

If you are concerned about servicing your loan, reach out to your local mortgage broker for help.

As Australians everywhere take a close look at their financial circumstances, mortgage brokers stand ready to lend a helping hand.

Whether experiencing financial hardship through job loss, a reduction in work hours, or business disruption, an increasing number of Australians may be struggling to balance their books as a result of the Coronavirus, and in many cases are wondering how they will continue to pay the bills.

Financial relief strategies
In this difficult time lenders have responded by announcing financial relief strategies. In an official Australian Banking Association (ABA) statement, CEO Anna Bligh said, “Banks stand ready to support customers and if anyone is in need of assistance, they shouldn’t wait but come forward as soon as possible”.

Different lenders have different assistance options. These may include, waiving fees on early term deposit withdrawals, interest rate freezes on loans, options to defer or restructure home loan repayments, and emergency credit card limit increases.

It is important to remember that mortgage brokers have the knowledge, experience and relationships necessary to assist people experiencing or expecting to have trouble paying their home loans as a result of changing circumstances.

In times like these, the importance of mortgage brokers in assisting customers with hardship and facilitating access to credit cannot be overstated. For many Australians – particularly those in rural or regional areas – brokers may represent the only source of assistance.

“Banks stand ready to support customers and if anyone is in need of assistance, they shouldn’t wait but come forward as soon as possible”.
Anna Bligh, ABA 2020
Anna Bligh
Expertise of brokers is of critical support

Brokers’ expertise in helping customers navigate the complex home lending market – and their intimate understanding of their customers’ personal circumstances - means they are uniquely positioned to provide critical support for customers when discussing hardship and available options with lenders.

If you have any questions or concerns about your existing loans, need further guidance on hardship assistance, or have other questions about your loan arrangements please contact me.
Stay safe.
Warm Regards Monique 04399 79 274

20/03/2020

Dear valued client

With the heightening concerns surrounding the coronavirus, I wish to reassure you that my key concern is to maintain a level of professional service to you, my client. If you have any concerns, please do not hesitate in contacting me.
Needless to say, the health and safety of everyone is a priority so I will continue to follow the recommendations of the Federal and State health departments in terms of practising hygiene and other proactive measures to protect against infection.
To support customers through this time of uncertainty, Australian banks are stepping up with more clearly defined financial relief strategies. If you have had a change in your financial position,. if anyone is in need of assistance, you shouldn’t wait but contact your lender as soon as possible.”

To you and your loved ones, stay safe please.

07/01/2019

16/11/2018

Build a budget
To fully understand what your realistic borrowing limit might be, first of all create a budget – and stick to it. Once you understand exactly what’s coming in and going out you can properly assess how much you can afford to repay – and therefore what you should borrow.

If you don’t feel comfortable drawing up the budget yourself, it’s wise to seek help. A financial planner can assist you in preparing a budget.

Expenses to include in your budget include, but are not limited to:
council rates
body corporate fees (if applicable)
insurance costs
maintenance costs
utility bills
estimated groceries
medical bills and health fund payments
school fees
phone and internet costs
petrol and transport payments
entertainment, travel and clothing
other loans or credit card debts.

Future-proof your figures
Remember to leave a bit of wiggle room in your budget in case circumstances change. People can lose their jobs or get sick, or interest rates can rise, which could impact your ability to honour your repayments.

It’s also important to think about some other things that may happen: Is your income likely to increase within the next few years? Are you likely to have children and lose an income? Do you plan to retire shortly? These are all questions that only you can answer, and they will all have an impact on how much you should borrow.

Remember, lenders tell you how much you can borrow, but you know your personal circumstances better than anyone else – it’s up to you to decide how much you should borrow. If you need support and advice, a mortgage broker may be helpful during the decision-making process.

08/11/2018

How will 2018’s Budget affect the national property market? For buyers and sellers alike, we take a look at what you need to know.

11/10/2018

https://www-perthnow-com-au.cdn.ampproject.org/c/s/www.perthnow.com.au/business/economy/new-boom-tipped-for-wa-consumer-confidence-increase-cci-survey-ng-b88973876z.amp

WEST Australians are increasingly optimistic about the State’s economic prospects — with consumer confidence hitting a five-year high in the September quarter.

07/09/2018

How to teach your kids to be smart investors
Published by MFAA

Many Aussies want to buy their own home to raise a family and set themselves up for the future. Owning a property is also one way to look at securing you children’s future.

If you're a parent, you might have wondered at some point, 'how can I help my kids develop good habits with money so they can make sound financial decisions as adults?'

Many of our habits and attitudes are forged earlier in life, which means what you teach your child about money now, can have a positive impact on them later in life.

Talk about money


It’s important to engage your kids in talking and thinking about money. Instead of teaching them “money doesn’t grow on trees!”, when your child asks you to buy something for them, talk to them about the real source of money.

Kids are curious, so make it your job to cultivate financial literacy, confidence and the motivation to save money. Help them make the connection between work, savings and paying for everyday expenses.

ASIC’s MoneySmart website suggests getting kids involved in conversation as you deal with daily financial matters, such as:

At the ATM: How did that money get there? Explain how your balance changes when you make a withdrawal. How do you decide how much cash to withdraw? What’s the difference between using a card or cash to pay?
When you shop: Why do different products have a different price? How do you compare products and find a better price? Can your kids help you work out a better deal?
Bills and budgeting: Explain what bills are, and how they relate to family life. For example, paying for electricity, internet access and the mortgage. Come up with ideas for saving money, for example, holidays, play equipment, a car, and give your kids a say in creating your family budget
Be mindful about giving kids money

Giving kids money to spend helps them practice money making decisions, but it’s also worthwhile to set some boundaries.

For instance, you might have a rule that 20 percent of all the birthday money must be saved, and the rest can be spent as desired. Kids won’t always make a wise decision, but a few failed ‘investments’ can open their eyes to the pain of the money wasted.

Rewarding kids with money may send a wrong message. As a general rule, don’t offer money for things you expect your children to do or strive for on their own.

Author of the book Make Your Kid a Money Genius (Even If You’re Not), Beth Kobliner argues that paying kids to do chores or get good grades undermines the intrinsic motivators – like helping out, or achieving something with hard work.

Guide your kids towards good financial decision-making so they can confidently face the challenges of saving for a deposit for something of value like a home, making big financial choices and weighing their investment options as an adult.

The Global Money Week Initiative, a Child & Youth Finance International initiative is a financial awareness campaign built to inspire children and young people to learn about money matters, livelihoods and entrepreneurship, and is another way to improve your children's financial literacy.

Global Money Week events, activities, projects, launches and competitions take place in over 130 countries.

The Mortgage & Finance Association of Australia (MFAA), in partnership with its members – finance brokers, lenders, aggregators and industry-suppliers – leads the way in delivering the Global Money Week project in Australia. It encourages members and their local community to connect, start the conversation, and deliver these important financial literacy lessons to children and adolescents through schools, sports clubs and youth community groups.

Visit The Global Money Week Initiative website to see how you can have this program delivered at your school.

07/09/2018

30/08/2018

Time to fix your interest rate?