Katrina Parrington

Mortgage & Finance Broker, Elders Home Loans – Northern Territory – P. 1300 LENDING

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  • Elders Home Loans

  • Katrina Parrington

    I am a long term Centralian resident with more than 18 years experience in the financial services industry. Initially, in Real Estate in Adelaide before pursuing a career with Elders Insurance Alice Springs and lending roles with major banking institutions where I gained extensive experience in Home Loans and Commercial Lending here in the Alice and in Darwin.

    I have a unique set of skills that ensures I understand your lending needs and can provide you with professional advice and personal service.

    Tel: 08 8953 8800
    email: katrina.parrington@eldershomeloans.com.au

Posts Tagged ‘mortgages’

IS IT A BUYERS OR SELLERS MARKET?

Posted by Katrina Parrington on April 22, 2015

FHOG pictureWhile the pendulum swung slightly in favour of sellers over the quarter to Jan 2015, market conditions in Australia as a whole remain balanced, according to the latest Commonwealth Bank-CoreLogic Home Buyers Index buyers.

In other words, supply and demand are roughly equal. A closer look at the figures, however, reveals that conditions vary greatly in different property markets around the country.

Why is this important?

Understanding whether you’re in a buyer’s or seller’s market can give you the edge when it comes to property negotiations. In a seller’s market, where demand is high, the seller can often negotiate a higher price. In a buyer’s market, where supply exceeds demand, the opposite is true.

Read the rest of this entry »

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Posted in Elders Home Loans - Alice Springs, Elders Home Loans - Darwin, Elders Home Loans - Palmerston, Elders Home Loans Northern Terriotry, Interest Rates, land shortage, Major Banks | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on IS IT A BUYERS OR SELLERS MARKET?

Scrap stamp duty, says Property Council | The Real Estate Conversation

Posted by Katrina Parrington on April 21, 2015

Scrap stamp duty, says Property Council | The Real Estate Conversation.

Posted in Elders Home Loans - Alice Springs, Elders Home Loans - Darwin, Elders Home Loans - Palmerston, Elders Home Loans Northern Terriotry, Interest Rates, land shortage, Major Banks | Tagged: , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Scrap stamp duty, says Property Council | The Real Estate Conversation

Can you have too much information when it comes to home lending? | The Real Estate Conversation

Posted by Katrina Parrington on April 20, 2015

Can you have too much information when it comes to home lending? | The Real Estate Conversation.

Posted in Elders Home Loans - Alice Springs, Elders Home Loans - Darwin, Elders Home Loans - Palmerston, Elders Home Loans Northern Terriotry, Interest Rates | Tagged: , , , , , , , , , , , , , , , | Comments Off on Can you have too much information when it comes to home lending? | The Real Estate Conversation

RBA Holds Cash Rate for April

Posted by Katrina Parrington on April 1, 2014

The Reserve Bank of Australia has announced the outcome of its monthly board meeting.interestratessavings2[1]

The central bank left the official cash rate on hold at 2.5 per cent as most experts had predicted.

However, it may not be long before interest rates start to rise.

Five economists from Commonwealth Bank, Commsec, HSBC, ING Direct and St George told finder.com.au that the cash rate would rise during the fourth quarter of 2014.

RP Data’s head of research, Tim Lawless, also said the Reserve Bank may have to lift rates in response to the latest housing market statistics.

Posted in Elders Home Loans - Alice Springs, Elders Home Loans - Darwin, Elders Home Loans - Palmerston, Elders Home Loans Northern Terriotry, Interest Rates, Major Banks | Tagged: , , , , , , , , , , , , , , | Comments Off on RBA Holds Cash Rate for April

Credit Reporting Changes Effective 12 March 2014

Posted by Katrina Parrington on March 11, 2014

If you are like most people, your eyes will glaze over when words like “the Privacy Act” and “credit reporting changes” are mentioned. While the subject can be as dry as toast, your credit report will play a vital role in your ability to own your own home, buy your dream car, or obtain a credit card to take on your overseas holiday… and suddenly it’s not so boring anymore!

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Elders Home Loans – Northern Territory

Posted by Katrina Parrington on December 4, 2013

My recent acquisition oElders Home Loan_NT Locations Logo_Stackedf Elders Home Loans in Darwin, and offices set up in Palmerston and shortly Katherine,  brings the Territory under the one professional lending services umbrella.

Since I established the business in Alice Springs in 2009 I’ve got real satisfaction helping people buy their homes, assisting Territory businesses to grow by sourcing the best financial product and working with families to build property investment portfolios that will secure their financial future.

Expanding the business means new team members and I’d like to introduce Brooke Morley and Peter Nichols, who work from the Alice office.

Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs, Elders Home Loans - Darwin, Elders Home Loans - Palmerston, Elders Home Loans Northern Terriotry, Interest Rates | Tagged: , , , , , , , , , , , , , | Comments Off on Elders Home Loans – Northern Territory

Knowledge is Power when it comes to your Home Loan

Posted by Katrina Parrington on September 6, 2013

Knowledge is power when it comes to negotiating the best deal possible for your mortgage!

Do your homework and be definite about what you do or don’t need your mortgage to do.  Packages are offered across the banks with interest rate discounts based on borrowing volumes and sometimes LVR’s (loan to value ratio’s which simply is debt divided by the value of your property) the lower the ratio generally the stronger the deal.

Get a strong understanding of your current lending needs and the type/s of loans you currently hold ie. variable or fixed.  Consider your future lending/investment needs – be honest with yourself clarify your potential lending needs and develop an accurate and complete financial picture.

If you are uncomfortable wrangling with the bank get your local lending professional to do it for you,

Mortgage Brokers work across all of the banks and have this information at their fingertips.  Any Broker worth their salt should be negotiating the best deal possible for their client as a matter of business.

At the end of the day you need to present your lending needs in the best possible light.  Amplify your strengths, highlight strong income, good equity, clean account conduct these are all positives for the bank and for you.  Make it clear that if your bank is not prepared to negotiate you will move your business to a bank that is prepared to work with you.

And, yes there are costs in refinancing – some banks will assist a client with these costs to make refinancing existing lending easier should your current bank refuse to assist.  If the reimbursement of costs is not available do your numbers to ensure you’re making the best move before you jump.

Don’t accept advertised rates, scour the market, research what other financial institutions are offering and armed with this knowledge bargain with your bank.

You don’t get what you don’t ask for is the motto I go by and generally I can shave up to 1% or more off the banks advertised rate armed with knowledge and  a bit of negotiation.

Posted in Elders Home Loans - Alice Springs, Elders Home Loans - Darwin, Elders Home Loans - Palmerston, Elders Home Loans Northern Terriotry, Interest Rates, Major Banks | Tagged: , , , , , , , , , , , , , , , | Comments Off on Knowledge is Power when it comes to your Home Loan

Aussies want government gone

Posted by Katrina Parrington on May 23, 2012

Wary Aussie consumers want tax cuts and a change in government before they’re willing to reopen their wallets.
A new poll has found that respondents believe that a cut in taxes, followed by a change in government, would most improve consumer confidence in Australia. Forty per cent of those surveyed said tax cuts would boost confidence, while 35% said ditching the current government would make consumers less glum.
Gen Y respondents were more scathing of the government, tipping a change in government as the top factor that could get consumers spending again.
The RBA was partially let off the hook, with respondents tipping further interest rate cuts as the third-most important factor impacting consumer confidence. Twenty-one per cent of those surveyed said further RBA cuts could increase confidence. Meanwhile, only 4% tipped a lower Australian Dollar as a key to reviving optimism among Aussie buyers.

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It’s double trouble for home sales

Posted by Katrina Parrington on May 21, 2012

Homeowners are taking almost twice as long to sell their properties and are slashing advertised prices amid claims the market is at its lowest level in more than a decade.
Figures released by property analysts RP Data last week show houses sold in March this year had been on the market for an average 91 days – almost twice the 54 days recorded for homes sold in March, 2010.
Vendors are having to settle for less when they do sell, with discounting jumping in March to 7.3 per cent of the asking price – or $28,287 on the price of an average home – compared with 5.8 per cent at the same time last year.
The property market is predicted to remain soft this year, with the latest interest rate cuts failing to have an impact on demand, an industry expert reveals.
RP Data figures also show:
RENTAL properties first advertised grew to 3083 compared with 2276 in April last year
ADELAIDE house prices fell from a median $400,000 to $387,500 – or 3.1 per cent – in the 12 months to February.
THERE is an estimated $8.6 billion worth of residential stock on the Australian market.
All this data reflected a tough sellers’ market but a ripe opportunity for buyers, property experts say.
Adelaide University director of housing Professor Andrew Beer said the market was the “slowest it had been since the year 2000”.
“The market is adjusting to slower economic conditions and a fall in access to credit for some people in the community,” he said. “But there are no grounds to panic; this is a normal part of the property cycle.”
RP Data figures show suburbs such as Unley Park, Glenelg and Wayville have experienced some of the biggest price falls, while Munno Para in Adelaide’s north has recorded a 41 per cent increase in property values.
Real Estate Institute of SA president Greg Moulton said variations in suburb price performance showed the market was “very, very patchy”.
“Pricing has to be spot on and if it is a little bit above the mark, buyers will make cheaper offers,” he said.
Though unemployment was relatively low and the economy sound, the leadership uncertainty of the Federal Labor Party and its poor polling was having an impact on the market.
“The thing with SA is there are still a whole lot of people with money to spend but they are sitting on it because the Federal Government is in trouble,” Mr Moulton said.
Interest rate cuts this month were “not impacting” on demand, Mr Moulton said.
He hoped expected further cuts would stabilise the market and there would be “some small growth” in prices later this year.
Mr Moulton said many vendors were deciding to rent their home rather than sell if they did not achieve their target sale price

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Statement by Glenn Stevens, Governor: Monetary Policy Decision

Posted by Katrina Parrington on April 3, 2012

At its meeting today, the Board decided to leave the cash rate unchanged at 4.25 per cent. Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs | Tagged: , , , , , , , | 1 Comment »

 
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