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:
 

Home Loans 4
		Comparison Rate
12 months Introductory Variable	4.66%	5.78%
36 months Introductory Variable	4.87%	5.51%
Standard Variable	5.09%	5.19%
Line of Credit	5.19%
Fixed Rates:
1 year	5.45%	5.82%
3 years	6.99%	6.09%
5 years	7.64%	6.59%
Low Doc Variable	5.21%

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

 

Changes to First Home Owners Boost

 

The Australian Bureau of Statistics has reported that first home buyers now make up 28 per cent of all homes financed (the highest level on record).
 

The Government has announced changes commencing this month, which will now see a significant reduction in the benefits available to first home buyers. 

 

As of the 1st October 2009, there will be a reduction in the First Home Owners Boost, down from $21,000 to $14,000 for the purchase of a new home and down from $14,000 to $10,500 for the purchase of an existing home.

From the 1st January 2010, the First Home Owners Boost will no longer be available however the $7,000 First Home Owner Grant will continue. 

 

For purchases under $400,000 the South Australian Government’s First Home Bonus Grant of $4,000 is unaffected by the changes. This grant reduces down to nil on purchase prices between $400,000 and $450,000.

 

It’s still a great opportunity for new home owners to take advantage of the first home buyers’ grants. If you are looking for your first home and confused by the changes to the grants, contact Perks Finance on 8273 9300 or at perks_finance@perks.com.au and we will do the sums for you and arrange not just your loan but help you buy your home.

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

• Building approvals for private sector houses rose 1.5% in July 2009.

• The unemployment rate remained steady again at 5.8% in August 2009.

• Housing Finance for Owner Occupation increased by 0.5% in July 2009 compared with June 2009.

United States

• CPI was unchanged in July 2009.

• The unemployment rate for August 2009 increased to 9.7%.

England

• The volume of retail sales in the three months to July 2009 was 1.2% higher than the same period a year ago.

• The Halifax House Price Index increased by 0.8% in August 2009.

New Zealand

• Residential building consents in July were 15% lower than in July 2008.

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

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