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We   specialise    in    delivering  services    to    the    expatriate community.  You  can   find our advertising,  articles or  contact details  by visiting or contacting the   following   expat organisations:

www.homesick.com.au

www.newcomersnetwork.com

www.australiansabroad.com

www.southern-cross-group.org

Proper Finance Solutions            Level 1, 1104 - 1108 Toorak Rd Camberwell VIC 3124 Australia    telephone: +613 9809 1444 facsimile: +613 9809 1499

Hello 

Some time ago you expressed interest in property finance in Australia by sending us an online enquiry. Since this topic may still be of interest to you, we subscribed you to our quarterly newsletter that updates you on the recent changes in the mortgage market and also provides you with a selection of relevant news and articles.

In this issue

• Price war delivers greater discounts to home borrowers.

• Recent home loan deals available

• Loans and rates in foreign currency

• Property market outlook and news

Price war discounts

ANZ, Westpac and Commonwealth banks followed the trend of interest rate discounts started by St George bank late last year.  Although, St George announced that its 0.7% discount for loans greater $250,000 was a mere response to the professional packages offered by the majors, this proved to be an unbeatable offer for the following 6 months. In May 2005,  Westpac and Commonwealth bank introduced their specials for the winter period to match the St George offer. Now everybody who borrows over $250,000 can be eligible for the interest rate as low as 6.62% variable.

Have you noticed rate reduction in your mortgage statements? If not, then you may consider taking advantage of the recent discounts and ask us about refinance by emailing enquiries@properfinance.com.au

Hot home loan deals available to property investors:

      for loans up to $250,000

Interest rate 6.29% variable for the first year, 6.74% thereafter

Application fee $300

Ongoing fee $0

      for loans over $250,000

Interest rate 6.62% variable for the life of the loan

Application fee $0

Ongoing fee $8 per month

for all loan amounts

Interest rate year one 7.24% variable

Interest rate year two 6.99% variable

Interest rate third year and after 6.49% variable

Application fee $600

Ongoing fee $0

Foreign currency loans

Overseas property investors can now take advantage of low interest rates on the foreign currency loans. By earning income and paying the mortgage in the same currency, you eliminate currency fluctuations from your monthly repayments and also save on overseas transfers and conversions. You can choose quarterly or semi-annually repayments. The interest rates are linked to the local markets, which means that the Australian rates will have little impact on the foreign currency mortgages. Below you will see indicative variable rates for this type of loans. To learn more feel free to email us.

• GBP – 6.52%

• HKD – 5.00%

• USD – 5.00%

• Euro – 3.78%

• SGD – 3.78%

Property market outlook and news

We can easily find stacks of articles and opinions from property professionals and agents. But what about asking lenders how they see future of the property market? Unlike the real estate agents, who’s job is finished as soon as the sale has settled, banks and other lender are exposed to the property market in a much longer term. They rely on own reports and projections in designing their lending policies and requirements. Interested in knowing what they think about the property market? Now you can access a very comprehensive report and a recent update presented by one of the leading mortgage insurers in Australia, PMI group. Just follow the link: http://www.pmigroup.com.au/PropertyOverview.asp?country=AU

You will be requested to complete a registration form, which will take you about 30 seconds.

In the next newsletter:

• Discussion about fixed rate loans: advantages and limitations.

• Loan features. Which ones do you really use?

We will be happy to discuss and research various options for your new or existing mortgage in Australia. There are plenty of home loan deals in store for you, simply visit www.properfinance.com.au and send us an enquiry.

If you would like to send us feedback, please do so on

 feedback@properfinance.com.au

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