A Note From Martin Walmsley, Principal Broker
I hope everyone is well and looking forward to the upcoming Easter break.
I know it’s been another difficult period for many communities due to the ongoing flooding situation, so please don’t hesitate to reach out if you have been affected so we can help point you in the right direction.
Don’t forget we have compiled a list of hardship resources on our website, and MoneySmart has also published this helpful resource about financial recovery after natural disasters.
Just a reminder that NBS Home Loans will be closed from Friday 15th April until Monday 18th April inclusive of the Easter long weekend, and will reopen on Tuesday 19th April.
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 March Interest Rate Update
Interest Rate Update Snapshot For Australia As Of 31 March 2022, From NBS Home Loans
Owner Occupied Loans from:
Fixed: 2.24% (comparison 2.45%)
Variable: 1.89% (comparison 1.92%)
Residential Investment Loans from:
Fixed: 2.44% (comparison 2.56%)
Variable: 2.14% (comparison 2.16%)
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 Launches our new YouTube Channel!
Did you know that we’ve just launched our new YouTube Channel with some popular FAQs, particularly fixed-rate loans and questions for first home buyers & property investors.
You can watch the Interviews with our CEO, Marty Walmsley here on the NBS Home Loans YouTube Channel.
Marty was also recently featured on Channel 9 News discussing interest rate increases. In case you missed it, visit the 9 News page here to view the segment (1min 35sec to end is where he is featured).
Interest Rate Movement Update
Over the past few months, we’ve continued to see significant increases across fixed-rate loans.
Until late last year, many lenders were offering rates below 2% on fixed terms of 1 to 2 years. Today, the lowest available fixed rate from our panel of lenders is 2.24% (comparison rate 2.45%), with the majority of lenders offering fixed rates starting in the mid-to-high 2% range.
For fixed terms of 3 years or longer, most borrowers can currently expect to pay somewhere in the range of 3% – 5% depending on the term and lender. Investors can expect to pay slightly more again, with investment loans usually sitting at least 0.25% higher than the owner-occupied interest rate.
If you already have a fixed-rate loan, these increases will not affect your existing rate until your fixed term expires. However, if you are currently on a variable rate and are thinking of switching to a fixed rate, or you are coming to the end of a fixed-rate period, it is a good idea to speak with us about your options sooner rather than later.
On the other hand, we have recently seen a number of lenders decrease their variable rate for new borrowing, with variable rates starting from 1.89% (comparison rate 1.92%) currently on offer from our panel of lenders.
While low variable rates might be attractive, it’s important to remember that any future rate increases will usually be passed on to you very quickly and will result in higher monthly repayments, so it’s important to chat with us about the right fit for your circumstances.
For more information about fixed vs variable rate loans, our article about the Pros and Cons of Fixed Rates is a useful resource.
Spotlight on Local Business: Latitude Accountants
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 Franic Legal.
Each quarter, NBS Home Loans is proud to shine a spotlight on another great local business. In this newsletter, we’d like to introduce Latitude Accountants.
Based in Sydney, Latitude Accountants offers a full range of accounting, taxation, business advisory and recovery, and superannuation services. They pride themselves on their personalised service and full transparency, their extensive experience across a range of industries and accounting platforms, their quick and easy tax return process, and their use of cutting edge business methods with reputable accounting principals to bring their clients the best in modern-day accounting solutions.
For more information, visit latitudeaccountants.com.au or phone 02 9890 9040.
PROPERTY SPOTLIGHT FOR RENT
If you or your friends and family are on the hunt for a great rental unit, this 2 bedroom, 2 bathroom unit, being leased by NBS Real Estate, might be what you are looking for.
Conveniently located 2km from Schofields train station and Schofields Village shopping centre, the property features:
– Well-appointed kitchen featuring quality European stainless steel appliances, dishwasher,
40mm stone benchtops and high-grade cabinetry.
– Durable hybrid waterproof flooring throughout, mirrored wardrobe
– Internal laundry with dryer
– Spacious balcony overlooking complex BBQ area
– Specifically designed with privacy & space in mind.
– Ducted reverse cycle air conditioning.
– Security alarm & video intercom.
– Secure parking space
For more information about the property, visit www.domain.com.au/327-50a-jackie-ave-schofields-nsw-2762-15775392 or contact Marty directly on 0434 103 326.
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
WHAT OUR CLIENTS ARE SAYING
“I cannot say enough about Marty and his support staff. We had excellent customer service throughout the whole process. My transport company took asset finance through Marty who managed to get it through when no one else could due to COVID – 19. If you are looking for a loan of any kind, speak to Marty.”
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