Month: December 2011

Interest rate drop versus payments drop

It is my personal opinion that, when rates drop it is time to increase you payments…..why? Increasing you payment amount or at very least keep paying the same keeps you ahead of the interest cost on you loan. Increasing the frequency you make your payments ie. Paying weekly has a

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Austral Lending Donate Chess set to local Respite Centre

Helen Weston Director of Austral Lending (pictured on the right crouching down) is shown in the photo after presenting the manager and staff with a giant chess and checkers set. This will be well used by the attendees at the centre, the manager advised. The Port Curtis Day Respite Centre

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Australlending team visit bundaberg rum factory

At the annual Xmas party the staff of australlending visited Bundaberg and about 14 of us did the Bundy Rum Factory tour. The kids enjoyed tasting the molasses whilst the adults made a long stop at the free drinks bar at the end of the tour. This was an excellent

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Concrete boom pump inspection

Part of my job as a accredited equipment finance broker is to inspect assets that banks will use as security for loans. This inspection involves taking photos, completing bank approved inspection forms, physically making sure the machine exists and the ID is correct ie. Engine, vin or serial numbers match

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RBA Cuts Interest Rates by .25%

The Reserve Bank of Australia board has cut the official interest rate by 25 basis points to 4.25 per cent, giving mortgage holders and borrowers a pre-Christmas reprieve. The RBA announced the rate cut at 2.30pm AEDT today following the board’s final meeting for the year. It’s the second interest

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December Rate Cut 50/50 Probability

Economists are divided on whether borrowers will get a second interest rate cut in as many months on Tuesday. Seven of the 14 economists surveyed by AAP say the RBA will cut the cash rate to 4.25 per cent from 4.5 per cent on December 6. On Melbourne Cup day,

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