Dino Livanidis- Now is (mobile home loans) the time to invest.

October 9th, 2008 admin Posted in realestate |

By dinoliva

Hi Dino Livanidis here to share great news today for investors in Australia, first home buyers and also mortgage holders.

Reserve Bank has cut a full 1% off the interest rates.

I have been looking at water front properties on the Gold Coast for the

last couple of months and have been using the time period of the

financial economy to our advantage.

If you have invested in a property during these times, well done.

Because if you do your calculations now with the Interest rates cut, you will

find the property you invested in will be reduced on weekly basis.

Making it even more affordable to hold what you have today and possibly even

getting into your next investment.

Properties will increase again in time to come…. WHY you may ask?

Most people were uncertain about the interest rates even with the .25% cut

We had not too long ago, but now with the 1% interest cut this will

bring more buyers onto the market creating a demand for properties which

in turn will make prices increase.

I Dino Livanidis, don’t believe we will see the high capital growths we have experienced but

they will increase and now is the time to get out of your comfort zone and to do it.

All the smart property investors will be out there now investing and you will

find all the watchers will just sit back and wait for signals of prices

increasing and then they will make their move finding they will have to pay

more than what they could have when the market was low.

But that is the difference here between the doers and the watchers.

It’s all about timing and demand.

If people dont want a specific product, no matter what it is, you wont sell it.

But if you have a product that everyone needs and then all of a sudden it

becomes affordable to buy, then the demand will increase. Especially for those

people who have been waiting for this to happen.

What do you think will happen?

People today are paying record rents, now with the interest rate cut they

will start asking themselves, “Do we continue to rent or get our own

place and something we can call OURS and also pay it off instead of paying

someone elses property for them”?

I am proud to say many of my personal clients have invested just in the

last few months and I congratulate them and thank them in believing

what we say.

We always said that interest rates had to come down due to the economic situation

and out inflation.

You see I don’t really care what happens to Shares and our Australian dollar

because its irrelevant to a property investor, all I care is.

1- Demand for rentals?

2- What will it cost me out of my pocket on a weekly basis?

3- How much can I depreciate?

4- What are the interest rates?

5- What is the potential for capital growth in the area?

6- As long as I can comfortably hold it and still live life.

You see if the share market comes down as it has, where do you think

all these people will invest in?

Hint- Something that is solid and you have control.

PROPERTY.

Many people ask me what will happen to property in Australia now

with these financial problems?

I say dont worry about over seas, worry about our country Australia.

Do we have a bad poverty on our streets?

How strong is our inflation?

Are businesses going broke which and every way we look?

Are people loosing their jobs dramatically?

No, to all the above.

So why worry about it, our Country is very strong and we keep

on growing. So believe in your country Australia and forget about the rest of the World, keep an eye on what Australia is doing and how it will affect you and everyone around you.

Other than that keep moving forward and do what you have to do for your future,

because no one else will take care of you later in life only the decisions

you make today and along the way.

If you would like to have a FREE chat with one of my specialists or myself Dino Livanidis to see if we can help you get into n investment property, please go to my NPIS website to register now.

Written by Dino Livanidis

Mining town website http://www.npis.com.au/mining.html

Dont forget to download your free report http://www.npis.com.au/

How Homeowners Can Protect Themselves in the Current Real Estate Market
By zoltrifoot

With real estate markets declining around the country and foreclosures on the rise, many homeowners are wondering what they can do to protect not only themselves but also the investment they have made in their home.

Fortunately, there are a number of steps that can be taken in order to stay ahead of the softening real estate market. And it is these steps that we will discuss in this article.

Step # 1 Tax Assessment

Check with either your city or county property tax office to research your current tax assessment. This will tell you what the county or city, states your home is actually worth.

Next you will want to compare this rate to what your home is currently worth based on current market conditions. It is not uncommon for homeowners in several states, such as in California, to discover that they are paying more money in property taxes than they should be based on the value of their home in the current market.

Step # 2 Have Your Home Appraised

You would be surprised that in some states homeowners are paying up to 40% more than they should be. It is very important to know what your homes current value is to determine whether you are paying too much or not.

Taking both of these steps will give you a realistic idea of the value of your home in the current market and ensure that you are not paying more money in taxes than you should be.

Step # 3 Mortgage Rate

If you do have an adjustable rate mortgage it is certainly worth it to consider refinancing your mortgage to a fixed rate mortgage.

Before you actually refinance; however, there are several steps, which you should take first. Begin by inspecting your existing mortgage documents to determine whether you will be penalized for paying off the existing loan early.

In some cases, you may discover that you actually owe more on your home than it is worth. This is actually quite common now among homeowners who took out exotic mortgage loans a few years ago when prices were rising rapidly and the market was red hot. Today; however, this can cause quite a bit of dismay among homeowners who are facing large mortgage payments on homes that have dropped rapidly in value. This has resulted in an unprecedented rise in foreclosures.

While it is anticipated that the market will begin to stabilize sometime next year, you will need to give some careful thought to whether it would be in your best financial interest to simply walk away from such a situation and try to start fresh.

Step # 4 - Refinancing

Additionally, you need to consider how long you plan to remain in the home and balance out that time in comparison to the amount of closing costs you will need to pay when you refinance your home.

While a number of mortgage companies advertise no cost refinance loans you should be aware that such loans rarely, if ever, exist. The costs for refinancing your loan are typically financed in with the loan under this type of arrangement. This means that instead of paying the costs for the loan up front you will be paying interest on them throughout the duration of the loan.

In addition, it is important to research any mortgage company you consider to ensure there have been no complaints filed against them before you refinance your mortgage.

If you plan to remain in your home, it is also a good idea to check your homeowners insurance policy to be certain that it is up to date. This can prove to be critical in the event you suffer any type of loss on your home in the future. If you live in an area that is susceptible to hurricane or storm damage it is especially important to make sure that your policy accurately reflects your home in its current state.

Troy Foote is an accomplished niche internet marketer and author. To learn more about foreclosure please visit Preventing Foreclosure today for current articles and discussions.

Most Expensive Street In The World
By Roger Munns

A survey by a highly placed and respected European banking internet site has just concluded a survey showing where the most expensive roads are in the world for property - and the top one is Avenue Princess Grace in Monte Carlo, Monaco.

The bankers’ internet site suggest that four bedroom apartments are selling for over US 40 million dollars, and estate agents in Monaco confirm this to be about right.

And they describe the 190,000 US dollars a square metre as ‘eye-watering’ - a description few people would disagree with, and that buyers will need to be billionaires, or not far off being a billionaire.

The second most expensive street in the world is Severn Road in Hong Kong with prices fetching 120,000 US dollars a square metre, and it isn’t until third place that New York features, with Fifth Avenue real estate achieving a mere 80,000 US dollars a square metre - placing it firmly within grasp of some multi-millionaires. The upper East side side of Fifth Avenue is the part that gains most interest, and the site notes that some apartments can reach to 60 million - more than Monaco’s Princess Grace Avenue, but being such a long road in comparisom it brings the average below that of Monaco’s.

It’s back to Europe for the fourth most expensive road, London’s Kensington Palace Gardens, where property is fetching 77,000 dollars a square metre, and is symbolic of London where some areas continue to see price rises while others drop. London and Monaco normally vye for the most expensive real estate in Europe.

Helping Monaco’s Princess Grace Avenue to be the most expensive street in the world is a mix of British, Russian and Arab money, with the British buyers especially attracted by her tax haven status.

Monaco’s tourism is upmarket and exclusive too. In a recent report on Monaco’s tourism, the Director General of the tourist office announced that no less than 93 per cent of the Principality’s hotel capacity is in the luxury category - more than any other country in the world, and confirming Monaco’s status as haven for the wealthy.

Also in the report figures showed that Monaco increased her tourist numbers by 36 per cent between 2004 and 2007, and last year alone saw a 10 per cent increase over 2006.

But good as the figures are, Monaco wants to further increase her tourists numbers. Unusually it’s not just the numbers overall she wants to improve on, impressive though they are already - but one categoty in particular.

And it’s a category of tourist that Monaco is particularly well placed to attract compared to almost every other country in the world - URI’s.

URI’s could almost have been a class of tourist specially designed for Monaco and all that she offers - and it stands for Ultra Rich Individuals.

One URI could spend more in a week in Monaco than several hundred average tourists, with the casino in Monte Square quite capable of taking a few hundred thousand Euros off the ultra rich in an evening or two. One URI from Italy was recently reported in a British newspaper as cashing up 700,000 Euros for one evening on the tables!

Monaco has the most expensive street in the world, and looks like she intends to keep at the top of the real estate league with London, Hong Kong and New York for some time.

More details about Monaco property are at monacoproperty.net

The Monaco Grand Prix and details of next year’s Monaco F1 are at yourmonaco.com and they also carry the weather in Paris France.

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