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January 2009 Issue 02     


PAUL'S MARKET UPDATE

 

Wow, what a month January turned out to be!

 

Probably the best part was that Property Secrets investors braved the uncertain financial environment with such confidence by investing wisely through the Property Secrets strategy.

 

It’s easy to see why - interest rates have dropped to an all-time low and with rents going through the roof, all properties are either positive cashflow or positively geared in Sydney, Melbourne and Hobart.

 

When a property investment is putting money in your pocket and not costing you anything, it’s pretty hard to pass up!

 

Investors who wanted to ensure their investments stayed positive locked in 2 year fixed rate of 5.19%, which guarantees the positive result.

 

To add to this, we have purchased so many properties in our chosen areas that adjoining properties are coming up for sale at a rapid rate.

 

Under the Property Secrets policy, the client who has already purchased a property is given first opportunity to secure the adjoining property when it comes on the market.  If they are not in a position to buy, we ensure the property is offered to another Property Secrets investor.  In doing so, we are effectively increasing the number of potential dwellings which are able to be constructed on the land, which in turn leads to potential larger profits for our investors.

 

Contact Property Secrets now to take advantage of our expertise click here or call 1300 653 790.

 

FINANCE UPDATE

 

Due to the reduction of lenders from 47 to approximately 15, the banks again have the majority of market share. This is not a good thing, as with less competition comes reduced customer service and slower approval times. An recent example is a 21 day approval turn-around time for one major bank.

 

To add to this, the majority of mortgage insurers clamped down on their policies, making loan approvals slightly more difficult.

 

It’s not all bad news though. Property Secrets’ finance division, run by David Jusuf, had a record month, helping our investors to free up equity as well as get fantastic interest rates via a simple refinance.

 

It has been reported that the RBA may reduce the cash rate again in February, but currently the most attractive basic variable rate today is 6.04%, while the best fixed rate available is 5.19% (2 years).

 

To secure a more attractive loan with a lower interest rate, contact our Finance Manager David Jusuf today by clicking here or call 1300 653 790.



buyer update

 

The Christmas and New Year break proved to be excellent buying. While novice investors took a break over this period, Stewart Fraser and his team went to work making offers and securing great deals for Property Secrets investors.

 

The buyer’s agent division has noticed that some vendors are now holding off selling their properties as interest rate reductions, along with rental increases, have taken away the mortgage stress.

 

Our strategy, as always, is to seek the best deals for our clients. While ‘For Sale’ properties may be a little harder to secure in February, there are numerous ‘For Auction’ properties scheduled to take place.

 

Auctions are an excellent way for Property Secrets clients to take advantage of our services. For every auction property, we provide a full report on the contract as well as a detailed report from our buyer’s agent division.   In addition, you will have the peace of mind that our Licensed Builder has done a full inspection on the property as well as providing a fixed price on any renovations needed.

 

You could pay up to $1,500.00 per property for this due diligence and still not secure the property at auction. If you are a Property Secrets client, these services are free.

 

Take advantage of the best buyers agents in the business!

 

To find out more about the property bargains that are currently available, click here to contact our Buyers Agent Manager, Stewart Fraser or phone 1300 653 790.

 

renovation update

Our renovation division is going from strength to strength, even in these unprecedented, trying economic times.

 

If you are interested in seeing how easy it is to buy, renovate and release equity, contact our Renovation Manager by clicking here or calling 1300 653 790.

 

Sydney Property Trips

If you’re keen to learn about property investing, you can’t go past our no-cost property trips.

 

In just 4 short hours, the Property Secrets team will discuss with you our tips on how to buy, where to buy, how to renovate and show you the areas we think will boom in the near future.  You will also see how simple the Property Secrets investment process is.

 

To secure your seat on one of our Saturday Property Trips, click here to rsvp or call 1300 653 790.

 

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