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The Mercury Real Estate Guide : May 22nd 2009
MERCURY Friday, May 22, 2009—61 FINANCE AND CONVEYANCING Record first-home figure FIRST-HOME buyers ac- counted for a record 27.3 per cent ofhomeloans inMarchin a big tick for the Rudd Govern- ment’s $10.4 billion stimulus package last October. The figure was 10 per cent higher than March last year, indicating that the doubling and trebling of first-home grants were the most success- ful elements of the stimulus package. About 40,000 buyers took up the grants, which were in- creased from $7000 to $14,000 for existing homes and to $21,000 for new properties. The Australian Bureau of Statistics reports that the March first-home loan figure topped the previous peaks of 26.5 per cent, set in January and February. Thestimulus package has packeda powerful punch on the home-loan front, reportsTheAustralian The first-home buyer share of the mortgage market, which had averaged 18 per cent since 1991, dropped to a record 12.6 per cent low in March 2004. Housing Industry Associa- tion chief economist Harley Dale said tripling the grant for new homes had worked. ‘‘The consequences . . . have been more construction activ- ity, jobs and demand in the manufacturing and retail sec- tors in the first half of 2009 than would otherwise have been the case,’’ he said. Dr Dale said the number of land’s 8.6 per cent and Victor- ia’s 7.4 per cent. The ABS figures showed first-home buyer loans in the March quarter was 47 per up on the same period last year. The increase was partly offset by a fall in non-first-home buyer loans, down 16 per cent. Total home loans during March increased a seasonally adjusted 4.9 per cent to 59,793. The market had expected a 4.5 per cent rise. It was the sixth consecutive monthly increase, reflecting falling interest rates. The Northern Territory’s 9.4 per cent increase was the largest, followed by Queens- that lending for investment in new residential construction was down for the 13th consec- utive month. The HIA described that as more bad news for tight rental markets. Mortgage Choice said the March figures demonstrated the resilience of the housing market. The mortgage broker’s CEO, Michael Russell, said the re- sults showed the positive effect of federal and state stimulus initiatives. Mr Russell said the 17,652 first-home buyer loans in March were 100 per cent high- er than loans last August. POSITIVE CASHFLOW INVESTMENT SEMINAR AT THIS SEMINAR YOU WILL LEARN HOW TO: ? Invest in residential property that pays for itself! ? Positive cash flow property strategies ? Where to invest for growth in 2009 ? Reduce your current tax bill ? Save $'000s in stamp duty ? Structure your loans for maximum benefit ? Avoid costly investment mistakes STIMULATED: March first-home loan numbers soared. To book your tickets call 1800 212 363 during business hours. Ticket Prices: Single $25 Couple $40 SANDY BAY: WREST POINT HOTEL - WELLINGTON ROOM Address: 410 Sandy Bay Road, Sandy Bay, TAS, 7005 Date: Wednesday, 10th June 2009 Time: 6.30pm - 8:30pm (6pm Registration) FREE Investors Kit and E-Book - “How to make a profit in tough times” - with all seminar bookings. Leaders in High Performance Property Whether you’re looking for a home with three big Make your dreams a reality banking Whether you’re looking for a home with three big bedrooms, a gourmet kitchen or just great potential, at the Bendigo we’re here to help you own your own home sooner. With a home loan from the Bendigo you’ll get fantastic service, a competitive interest rate, the fl exibility to make additional repayments – and to withdraw them when you need to. But best of all, a home loan from the Bendigo can help make your whole community a better place to live. So call in and see us or call your local branch – and U can own your own home sooner. Bendigo Bank branches: Burnie – phone 6434 4234 Ulverstone – phone 6490 8302 Devonport – phone 6498 7705 Launceston – phone 6336 6723 Kings Meadows – phone 6336 1604 Rosny – phone 6233 1544 Glenorchy – phone 6214 7822 Hobart – phone 6211 3719 Kingston – phone 6211 8762 Community Bank®branches: Queenstown – phone 6471 2657 Deloraine – phone 63 Deloraine – phone 6362 4801 Geeveston – phone 62 For your free copy of can own your own home sooner ‘Your House: The First Home Buyers Guide’ SMS your name and address to 1300 236 344 Terms, conditions, fees, charges and lending criteria apply. Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879. (S23967) (04/09) At the Bendigo it starts with U www.bendigobank.com.au Geeveston – phone 6297 0133 Dover – phone 62 Swansea – phone 62 Bicheno – phone 63 ver – phone 6298 1959 Swansea – phone 6257 8825 Bicheno – phone 6375 1772 15740 LIMITED SEATS AVAILABLE INVESTMENT PROPERTY FROM $0 PER WEEK!
May 15th 2009
May 29th 2009