Reserve Bank Announces Cash Rate Remains at 4.10%!!!!
Celebrating 35 Years in 2023.
 
 
Analytical, Accurate and Awesome! 
 
 

October 2023 NEWSLETTER
Tel: 02 9299 1144
www.aaamortgages.com.au
The Continuing Evolution of the Lending Landscape, Reserve Bank Announces  CASH RATE remains at 4.10%!!!!
The Reserve Bank of Australia held a meeting today — the first chaired by new governor Michele Bullock. 
 
As the RBA's first female Governor, Michele Bullock not only inspires aspiring women in finance but also stands as a symbol of progress toward gender equality in the traditionally male-dominated field of central banking. 
 
We continue to be fascinated by the evolving landscape of the mortgage industry and the notable shifts that are reshaping the way we think about home ownership, lending and borrowing.
 
Recently the mortgage market has witnessed a fascinating transformation, with a growing trend towards refinancing and a noticeable decrease in the origination of new mortgages. These trends, driven by a confluence of economic factors (such as the well acknowledged cost of living crisis) and changing consumer preferences have had, and will continue to have, significant implications for both homeowners and industry professionals alike.
 
At AAA Mortgages we are continually exploring the reasons behind these shifts in order to better understand the changing needs of our clients, and offer insights on how to navigate this moving landscape to allow them make the most informed decisions.

 

AAA are here to help our clients navigate changing rates and financial circumstances. 

Want To Learn More About Duplex Construction Loans?
Commercial Mortgages Since 1988

Have you ever wondered about duplex construction and the potential advantages of this strategy when it comes to property investment and development?

 

Duplexes offer dual rental income, potential tax benefits, and portfolio diversification. Understand the perks of duplex ownership such as rental income, and discover the two main types of duplex loans: construction loans for building new duplexes and purchase loans for buying existing ones. Read the full blog here to learn more.

 

With over 35 years experience in this area, you can trust AAA Mortgages to guide you through the process with tailored financial solutions. With our extensive knowledge and lender network, we've helped countless investors achieve success in this market. Unlock the full potential of duplex ownership and schedule an obligation-free chat with one of our expert brokers today. 

Do You Need Help With Your Debt?
 Our Free Service
Business Asset Finance Specialists
The strain from interest rate hikes is already starting to show, with RBA data this week confirming that more Australians are being pushed into financial hardship, which could worsen in the coming weeks and months as another 550,000 Australians roll off fixed mortgages and onto higher variable rates. 
 
If this is you, one of our free services is to perform a re-pricing for you with your current bank.   All we require is:
Name of Borrower
Current Statement
Borrower Date of Birth
Security Address
 
From here, we will make contact with your bank and request they review your interest rate. We have had recent successes with up to 0.6% p.a. reductions! 
 
This is a free service we provide to any mortgage holder in Australia.
 
 
Everyone at the AAA team are experts in Credit Advice. If you have an ATO debt, multiple credit card debts, or hardship and want to find a solution to consolidate and reduce your monthly repayments, please get in touch.
 
We are Analytical and Accurate, not to mention Awesome at our job!
(See what we did there?)
Planes, Trains and Automobiles
 
Who Remembers This Movie?
 
Planes Trains and Automobiles (1987)

 

Through our large network of lenders we have options for all types of asset finance at very competitive rates including Lo-Doc or No-Doc options for vehicles and trucks up to $150k.

 

We have arrangements in place with our VIP lenders for  'specialised' assets

(car wash facilities, agricultural equipment, gym equipment) up to $150k under No-Doc or $300k on Full Doc assessment, at market leading rates for this type of asset.

 

All types of financing options – Chattel Mortgage, Finance and Operating lease, Novated Leasing, Fleet Finance and Business loan options – all with varying tax advantages for your business.

 

We are also seeing reduced rates for many of our asset classes.... this is an excellent time to refinance and reduce your monthly repayments!

 

Please call Richard on 02 9299 1144.

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       The 'AAA' Financial Group
We have three business arms, each run by an independent senior management team.

1) 'AAA' Mortgages
Brokerage
More than 80 bank and non-bank finance options

 

2) 'AAA' Debt Advisory
Expert and strategic Debt Advice for Family Offices and Senior Debt Requirements and Planning.

 

3) 'AAA' Money
Our Mortgage Management and Funding program for brokers and introducers.

 
This message was sent to melissa@aaamortgages.com.au by melissa@aaamortgages.com.au
Level 1, 50 York St, SYDNEY, NSW 2000, Australia


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