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Welcome to the Summer 2009 addition
of the Tactical Newsletter |
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As we leave a financially troubled 2008 behind and start a new journey into the un-chartered waters of 2009 we all hope that the worst is over and we now have to wait for the storm to blow over. This edition has gathered some of the very recent positive stories that are now starting to emerge, (sourced from Mortgage and Finance association of Australia (MFAA) and Mortgage Business Magazine.
For a free no-obligation review or to discuss any of your financial requirements please contact us.
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Promotions |
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At Tactical Financial Solutions, we want to do more business so please help us by telling your family, friends, colleagues, neighbours and anyone else you know, that you think needs our help!
The greatest compliment that you can pay us is to refer someone else you know and we want to reward you for doing so.
We are never too busy and we will make sure that everybody wins!!!
Are you aware that Tactical Financial Solutions has a referral incentive program in place to reward “YOU” our valued client for referring business to us. We receive most of our business from referrals by existing clients, which is a testimony to the service we provide. Our service is free and the only one thing we ask is to please refer our services to your family and friends. Help us grow our business and take advantage of the incentive reward promotion.
Simply refer a family member, friend or co-worker to Tactical Financial Solutions and if the referral results in a loan being settled* then we will send you a $100 gift voucher for the business / organization of your choice. This could be a major Shopping Center/Shop (Garden City or Myer) a hotel or travel agent, Bunnings Hardware, Retravision or Hoyts Movies. As long as the nominated business provides gift vouchers then it’s your choice. If gift vouchers do not interest you we are also happy just to give you the $100 in cash. The referral may only be for a loan increase of say $40,000 but if we found your referral a better deal with another bank and the refinanced amount ended up being over $100,000 then yes, we will reward you. You may also just refer someone for a financial check up, which results in them switching banks. Again if this is over $100,000 then we will reward you.
Email, Fax or just phone through the following information
to Gary Huggins.
(Please obtain their permission prior to advising us of their details)
- Your Name
- Prospects Name
- Prospects Phone Number
Email: garyhug@bigpond.net.au
Fax: (08) 9403 4498
*Minimum qualifying loan size $100,000 for a limited period only. Tactical Financial Solutions reserves the right to withdraw the offer at its discretion without notice. The Promotion does not extend to any person/organization who has entered into a referral agreement or contract with Tactical Financial Solutions/AFG
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To Buy or not to Buy |
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With all the turmoil in investment markets over recent months, many investors will be asking if they have done the right thing by investing in shares or managed funds. Many will be looking cautiously towards bricks and mortar in 2009 as a potential safe-haven for their investment dollar. While some see the current global economic crisis as a reason to despair, the reality is the current local property market has an abundance of opportunity ripe for the picking... if you know where to look. Just about anyone can make money when the market goes up, but only skilled, properly informed and educated investors will make profits as skill supersedes luck.
The secret to successful investing is a counter-cyclical approach
Traditionally, human nature tells us to invest when markets are going up and to sell when markets are in decline. However, we need to change our mindset and avoid the herd mentality'. Instead, invest when everyone else is selling (giving us maximum choice, discounts and negotiating power) and sell when everyone else is buying. Similarly with longer term investments, we should be buying when markets are down and hold on to our investments for the long term. Time in, not timing. Warren Buffett is quoted as saying:
“Be fearful when others are greedy and to be greedy only when others
are fearful.”
The world's most successful investors make their money by buying in the gloom and selling in the boom. To fully understand the current market and how to profit and make the right decisions for your investment portfolio, now more than ever you need sound coaching and advice.
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Bottom-end to spark property
market recovery |
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While some feel the property market has some way to go before picking up experts say 40 year low interest rates and government incentives have put the wheels in motion for a slow, but real upswing in the property market.
Of the 598 respondents to the latest Mortgage Business’ weekly straw poll, a narrow majority of 56 per cent believe that the property market has not yet bottomed out while 38 per cent feel that we have turned the corner.
The property market was hit hard in 2008 as the global financial crisis took its toll on buyer confidence but in 2009 there are early indications that conditions are improving.
In the year to January the median house prices slipped by just over one per cent, according to Residex, although falls were more substantial in some areas of
the country.
Louis Christopher of Adviser Edge told Mortgage Business that indications are that the lower end of the market may have bottomed out, though he warned that recovery for the top end could still be some way off.
"There are some strong signs that the lower end of the market is now holding, as a result of first home buyer incentives, rate reductions and other government initiatives,” he said. Jason Anderson of BIS Shrapnel agreed; he said a surge in first home buyer activity would have positive ramifications for the lower end of
the market.
“We are forecasting 180,000 first home purchases in this calendar year – that’s more than the peak recorded in 2002 when the first home owner grant was first introduced.
First home buyer activity won’t just stimulate the bottom end of the market but should also have a domino effect on the middle market, according to
Mr Anderson.
Mr Anderson also pointed out that unemployment would not necessarily prove fatal for prices; high unemployment after the recession in the early 90s did not see property prices plummet, he said. “Substantial rate reductions in post recession 91 and 92 saw property prices increase by 3 to 5 per cent.
“The great majority of households aren’t impacted by unemployment, but interest rates,” he said. Warren McCarthy, CEO of realty group LJ Hooker tipped the $300,000 to $600,000 markets to pick up first – particularly those close to CBDs and in strong regional centres.
“With demand for properties in this price bracket strong, a shortage of stock will eventually see prices improve.”
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Home buyers come first |
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Starting the New Year in a new home has become a happy reality for many Australians, thanks to the Federal Government's First Home Buyer Boost.
Effective from October 2008, the First Home Owner Grant has now been doubled to $14,000 for first home owners who purchase an established home. For those who build a new home or buy a newly constructed home, there has been a tripling of the existing grant, taking it to a whopping $21,000.
The boost was announced as part of a package to stimulate housing activity, which is considered essential to the economy's overall performance. The Housing Industry Association predicts the move will result in an extra 15,000 houses to be built around Australia over the next 12 months.
The good news for first home owners doesn't stop there, as the grant runs on top of the government's first home saver initiative (a special-purpose savings account to which the government makes contributions), plus first home owner grants that are administered by each state. Stamp duty concessions are also available, many of which have undergone changes over the last year to encourage home buyers into the market.
Q. Want to buy your first home but don't know where to start?
Q. Unsure if you will qualify for a loan or how much you can afford?
Q. Overwhelmed by all your options and other people's opinions?
Your first home is your first investment property so don't wait.
Call us now to see if you CAN afford to buy your first home RIGHT NOW!
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What’s New! |
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At Tactical Financial Solutions we are continuously sourcing new contacts and associations with other professional bodies to provide you with a wider range of financial services.
Insurance
Tactical Financial Solutions are now able to provide you with a comprehensive range of personal insurance products including Life Insurance, Income Protection, Total and Permanent Disability (TPD) & Critical Illness/Trauma.
Have you reviewed your level of life insurance cover recently?
In the event of an unforeseen accident or illness causing death, would your life insurance eliminate unwanted debt ………………or would your loved ones be left to battle with mortgages and other liabilities?
If your income was to cease unexpectedly for a substantial period, or even indefinitely, due to accident or illness, do you have insurance that would replace your income or provide a lump sum?
In these difficult economic times, we can’t help you with the risk of losing your job, nor can we help business owners declining sales, but we can help eliminate risk to assets and income caused by personal health issues.
TFS advisers use a new internet based application system that can provide you with insurance cover in just 30 minutes. Medical evidence is required in less than 10% of cases.
If you are unsure about the adequacy of your cover please contact us for no obligation no cost assistance.
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| Tactical Financial Solutions | Phone: 08 9403
4498 |
Address: Level 1, 30 Ledgar Road, Balcatta WA
6021 |
| ABN: 60 399 465 575 | Licensed Finance Broker:
FB3248 |
PO Box 43, Hillarys WA 6923 |
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