Perks Chartered Accountants
Financial Alert
 

Interest Rate Update.


Perks Finance can assist with all your finance requirements. Please do not hesitate to contact us to discuss your finance options and obtain the most competitive quotes from our panel of lenders.

Indicative Interest Rates available through Perks Finance are:
 
Equipment & Motor Vehicle Finance 1 &2
Chattel Mortgage, Hire Purchase, Lease

 7.99%

Business Loans 3
Fixed 1 year

5.35%
Fixed 2 years

5.79%
Fixed 3 years

6.19%
Fixed 4 years

6.59%
Fixed 5 years

6.84%
Fixed 10 years

7.75%
Variable

5.59%
Overdrafts

5.64%

Home Loans 4

Comparison Rate
12 months Introductory Variable

4.61%

4.91%
Standard Variable

5.09%

5.19%
Line of Credit

5.19%
Fixed Rates:
1 year

5.19%

5.34%
3 years

5.54%

5.45%
5 years

6.19%

5.80%
Low Doc Variable

5.14%

Interest Rates for Business Loans secured in full or part by commercial security are calculated by the bank or financier based on your individual circumstances.

Please contact Perks Finance for a personalised quote.

1 Rates are dependent on term, balloon, type and age of equipment.
2 Rate based on $50,000 new vehicle over 5 years with nil balloon.
3 Fully secured by residential security. Other rates available upon request.
4 Comparison rates based on $250,000 over 25 years. Comparison rates are available upon request or from the office of Perks Finance Pty Ltd.

Terms, conditions, rates and charges apply to all lending products.

Phil Wigley
Director
pwigley@perks.com.au
Phil Wigley


2009 Budget Update

 

First Home Owners Boost
The First Home Owners Boost inclusive of the existing $7,000 First Home Owners Grant will continue until 30 September 2009 at its current levels of $14,000 for established homes and $21,000 for building a new home or purchasing a newly constructed home.

For South Australia, this means that for contracts entered into between 14 October 2008 and 30 September 2009 the First Home Owners Boost together with the existing First Home Owners Grant and Bonus Grant will continue to provide a total of up to $18,000 for established homes and a total of up to $25,000 for building a new home or purchasing a newly constructed home.

From 1 October 2009 to 31 December 2009 the First Home Owners Boost inclusive of the $7,000 First Home Owners Grant will halve to $10,500 for established homes and $14,000 for building a new home or purchasing a newly constructed home.

New Tax Break on Equipment

In the recent Budget there has been an extension to the Small Business and General Tax Break. The 30% bonus deduction announced as part of the Governments $42 billion dollar stimulus package has increased to 50% for “Small Businesses” (i.e. turnover < $2 million) who acquire eligible assets between 13 December 2008 and 31 December 2009 that are installed ready for use by 31 December 2010. The previously announced bonus deductions apply to all other Non Small Businesses.

For more information please contact Perks Finance today on 8273 9300 or at perks_finance@perks.com.au.

 

 

Finance Review and Audit.

If you are not sure you are obtaining the best possible deal from your existing bank, we would be pleased to assess your current banking arrangements. We can either find an alternate financier for you, or negotiate on your behalf to get a better deal from your existing bank.

 Official Cash Rate.

Australia 3.00%
United States 0.25%
England 0.50%
New Zealand 2.50%

Australia

  • Building approvals for private sector houses rose 2.8% in March 2009 and has risen for four months.
  • The unemployment rate decreased by 0.3% to 5.4% in April 2009.
  • CPI rose 2.5% through the year to March quarter 2009.

United States

  • CPI decreased 0.1% in March 2009.
  • The unemployment rate for April 2009 increased to 8.9%.

England

  • The volume of retail sales in the three months to March 2009 was 2.0% higher than the same period a year ago.
  • The Halifax House Price Index decreased by 1.7% in April 2009.

New Zealand

  • Residential building consents in March 2009 were 25% lower than in March 2008.
  • The unemployment rate for March 2009 was 5%.

 

For more information please contact:

 

Phil Wigley at pwigley@perks.com.au,

 

John Seidel at jseidel@perks.com.au,  

 

Jim Materne at jmaterne@perks.com.au or

 

Maryann Ianni at mianni@perks.com.au

 

Contact Perks

Adelaide
247 Fullarton Road
Eastwood SA 5063
T: (08) 8273 9300
F: (08) 8274 1466
Web: perks.com.au

Victor Harbor
163 Hindmarsh Road
Victor Harbor SA 5211
T: (08) 8552 3711
F: (08) 8552 3771

Darwin
59 Smith Street
Darwin NT 0800
T: (08) 8941 8600
F: (08) 8941 9600

Alice Springs
73 Hartley Street
Alice Springs NT 0870
T: (08) 8953 4400
F: (08) 8953 4599

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