Hello,

Welcome to our latest 'new look' newsletter. For our regular subscribers you'll notice the new look and feel with added features like forward to a friend and print friendly buttons for your benefit.

A quick update on property markets around the country point to a steady increase in median values across the eastern states, with a moderate cooling of the spectacular rises in values in WA & NT over the last 3 years.

Despite recent media attention given to the exodus of baby boomers selling investment properties to take advantage of the current superannuation benefits before June 30th. New data released shows rental vacancy rates across the country are now at 40 year lows! A new wave of investors are now looking to come back into the market, with one real problem - a severe shortage of ‘in demand' real estate. This is only doing one thing to market values.

Melbourne in particular has had regular auction clearance rates above 80% since the beginning of the year. This indicates a buoyant market with strong buyer demand but with a real lack of quality real estate available.

Recent media articles suggest the Reserve Bank is now likely to leave interest rates on hold for the rest of the year, much to do with the relatively low current inflation rate. This will more than likely lead to an increase in demand for property and mortgage finance around the country, as debt is still relatively cheap and mortgage products are now more flexible and accessible than ever before.

On the finance front we are busier than ever, with strong demand for investment finance in all states with a surge in demand for development and construction finance. At Red Rock we specialise in providing fast flexible and highly leveraged development finance facilities. For more information our development finance mortgages please visit the loans and products section of our website or contact us today for a confidential discussion.

We hope you find the newsletter of interest. Please pass your copy on to family or friends. We look forward to helping you, and those you recommend our services to. Please call with any questions.

Many years ago, if you did not have a big deposit and you needed to borrow more than sixty or seventy percent of the value of your home, the answer was either “No” or you were forced to take an expensive second mortgage to make up the difference.

Getting the most from the money you have to invest is a challenge for everybody these days. Happily, lots of people feel quite comfortable in choosing where and when to invest.