A Note From Martin Walmsley, Principal Broker
We’re almost halfway through the year already, and that means that the end of the financial year (EOFY) is almost upon us.
This is always an extremely busy time of year for lenders, so it is very important to contact us as soon as possible if you require urgent assistance prior to EOFY, as early action will maximise your chances of beating the June 30 deadline.
If you require urgent business finance and have been trading for a minimum of 6 months, we do also offer a DIY Business Loan (https://www.tradeloan.com.au/?partnerId=58088685) option on our website.
This offers funding of up to $500,000, fast decisions and funding possible within 24 hours, flexible repayment options, and no asset security required upfront to access funding of up to $150,000.
For loans approved prior to June 30, there are also no repayments required for the first 8 weeks (T&Cs apply).
If you require a cash flow or capital injection or want to take advantage of the instant asset write-off benefits prior to June 30, you may wish to consider this option.
DIY Business Loans https://www.tradeloan.com.au/?partnerId=58088685
As always, if I can be of any assistance I can be contacted on 0434 103 326 or by email at marty@nbshomeloans.com.au.
Read below for our June Interest Rate Update
Interest Rate Update Snapshot For Australia As Of 27 June 2022, From NBS Home Loans
Owner Occupied Loans from:
Fixed: 3.49% (comparison 4.63%)
Variable: 2.24% (comparison 2.27%)
Residential Investment Loans from:
Fixed: 3.69% (comparison 4.94%)
Variable: 2.44% (comparison 2.50%)
There are also several lenders offering cashback on eligible refinances, with offers of up to $4000 cashback currently available. (T&Cs, eligibility criteria and normal lender assessments apply.)
Please contact us on 0434 103 326 if you’d like to chat further about options.
NBS Home Loans In The Community!
We are proud to be a major sponsor of the following events. Entry is free and both events are family-friendly, so pop these dates in your diary and be sure to come and say hello to us on the day!
St Ives Food and Wine Festival
Sunday 25 September 2022
10am – 4pm
St Ives Village Green
Website: https://www.stivesfoodandwine.com/
Wahroonga Food and Wine Festival
Sunday 30th October 2022
11am – 5pm
Wahroonga Park
Interest Rates Are Decreasing Borrowing Capacity
The May and June interest rate increases may not have come as a surprise, but their impacts will be felt by many borrowers. In our latest article, we look at the impacts of rising interest rates, and what options might be available if you feel the pinch.
Whether you are a homeowner, a prospective buyer, or a landowner wanting to build, this article is a must-read. While most media coverage has focused on the impact of increased mortgage repayments for existing owners and investors, it’s also important to note that when rates rise, borrowing capacity drops.
This means that if you are getting ready to purchase a property or construct a home on your land, your maximum purchase or construction budget is likely to significantly drop. In these cases, it is important to contact us early to discuss your options.
For more information about fixed vs variable rate loans, our article about the Pros and Cons of Fixed Rates is a useful resource.
NBS Real Estate – Rental Properties Needed
With a shortage of rental properties across the Greater Sydney and Central Coast areas, properties are being leased almost immediately after being listed online, and we are seeing hundreds of views and enquiries from prospective tenants as soon as rentals become available.
In fact, the last rental property we listed, a 2 bedroom unit located in Ryde, attracted just under 3000 online engagements and 8 in-person viewings within hours of being listed, and a lease was signed within 24 hours.
If you are a property investor, please consider taking advantage of our discounted property management rates available exclusively to NBS Home Loan clients:
4% + GST for NBS Home Loans clients for most property types
3% + GST for NBS Home Loans clients for granny flat management
5% + GST for non-NBS Home Loans clients
If you are looking for an investment property, we can also assist with property acquisition and financing. In conjunction with our property partners, we currently have a number of listings available for purchase, including NDIS housing which is expected to return approximately a 12% rental yield.
For more information about NBS Real Estate, visit our website at nbsrealestate.com.au or call Marty on 0434 103 326.
Spotlight On Local Business – Mountain Grill, Kurmond NSW
Spotlight On Local Business – Mountain Grill, Kurmond NSW
Each quarter, NBS Home Loans is proud to shine a spotlight on another great local business owned by one of our clients. In this newsletter, we’d like to introduce Mountain Grill at Kurmond NSW.
Mountain Grill is a modern take on the classic Aussie takeaway, with a focus on high-quality burgers and Lebanese street food. It is run by a local family that has a real passion for all things food.
They are obsessed with sourcing only the freshest ingredients, which translates into the quality of food you would expect to find in an expensive restaurant but at affordable prices.
For more information, visit mountaingrill.com.au, phone 02 4573 1506 or stop by at 4/521 Bells Line of Rd, Kurmond NSW.
Financial Hardship Resources And Contacts
We understand this is a difficult time for many of our clients, friends and family. We have compiled the below list of financial hardship contacts and resources for anyone who may find them helpful.
Lenders’ Hardship Contacts
For additional information and to be directed to the relevant section of each lender’s website, please visit this page on our website: https://www.nbshomeloans.com.au/financial-resources-hardship-contacts-covid-19-australia
ANZ: 1800 351 548
Bank of China: 1800 095566
Bank of Queensland: 1800 079 866 or CustomerAssistanceTeam@boq.com.au
Bankwest: 1300 787 144
Bluestone: 13 25 83
CBA: 1300 720 814 or customerassist@cba.com.au
Connective HL: 1300 543 558
Connective Solutions: 13 73 77
ING: 1300 349 166
Latrobe: 13 80 10 or hardshipassist@latrobefinancial.com.au
Macquarie: 1300 363 330
ME Bank: 13 15 63
MyState: 138 001
NAB: 1800 701 599
Pepper: 1800 356 383
St George: 1300 303 110
Suncorp: 1800 225 223
Virgin Money: 1800 701 997
Westpac: 1800 067 497
Additional Support Resources
Lifeline: 13 11 14
Suicide Call Back Service: 1300 659 467
Beyond Blue: 1300 224 636
Mental Health Line: 1800 011 511
Kids Helpline: 1800 551 800
MensLine Australia: 1300 789 978
GriefLine: 1300 845 745