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 ‘Rates’

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?

Statement by Glenn Stevens, Governor: Monetary Policy Decision

Posted by Katrina Parrington on September 6, 2011

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.

Conditions in global financial markets have been very unsettled over recent weeks, as participants have confronted uncertainty about both the resolution of sovereign debt problems and the prospects for economic growth in Europe and the United States. As a result, the outlook for the global economy is less clear than it was earlier in the year. Some temporary impediments that had contributed to a slowing in growth in some countries over recent months, such as the supply-chain disruptions from the Japanese earthquake and the dampening effects of rising commodity prices, are lessening. But the uncertainty and financial volatility is reducing confidence and may result in more cautious behaviour by firms and households in major countries. A number of forecasters have scaled back their global growth estimates over the past couple of months. Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs, Interest Rates | Tagged: , , , , , , , , , , , , , | Comments Off on Statement by Glenn Stevens, Governor: Monetary Policy Decision

Take 10 years off your mortgage?

Posted by Katrina Parrington on July 25, 2011

WOULD you like to shave 10 years off your mortgage? How much interest could this save you?
It’s not rocket science, it’s simply a matter of making more repayments more often and making sure you’ve got the best mortgage for your situation. Of the millions of homeowners, only some are getting out from under mortgage payments years, sometimes decades, before their neighbours.
How?
They make an effort to pay off their mortgage early.
The average home loan is now about $300,000, but living mortgage-free is not a pipe dream.
You may only need to find an extra $200-$500 every month so that you can exceed your mortgage payments. While many think they can’t afford that, you’d be amazed at how much money you can save on a monthly basis. Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Take 10 years off your mortgage?

Reserve Bank holds Rates

Posted by Katrina Parrington on June 7, 2011

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
The global economy is continuing its expansion, led by very strong growth in the Asian region, though the recent disaster in Japan is having a major impact on Japanese production, and significant effects on production of some manufactured products further afield. Read the rest of this entry »

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Borrowing Within Your Means

Posted by Katrina Parrington on May 31, 2011

While your lender will give you a maximum borrowing amount, it is essential that you determine your own borrowing capacity when searching for your new home

The choices you make when taking out a mortgage have long lasting implications – so you need to approach borrowing with a healthy attitude.

How much you can borrow and how much you should borrow are two very different things. While your lender should not let you borrow more than you can afford, ultimately the choice is yours – so be careful not to over commit yourself. Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , , , , , , , , | Comments Off on Borrowing Within Your Means

Statement by Glenn Stevens, Governor: Monetary Policy Decision

Posted by Katrina Parrington on April 5, 2011

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
The global economy is continuing its expansion, led by very strong growth in the Asian region. The recent disaster in Japan will have a noticeable effect on Japanese production in the near term, although the impact on the broader Asian region is expected to be limited. Commodity prices, including oil prices, have risen over recent months, pushing up measures of consumer price inflation in many countries. A number of countries have been moving to tighten their monetary policy settings. Overall, though, financial conditions for the global economy remain accommodative. Read the rest of this entry »

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Flooding may propel rates higher

Posted by Katrina Parrington on January 21, 2011

By Adam Smith | 17/01/2011

Queensland’s floods may have the unexpected economic impact of actually raising interest rates, a new report by Deutsche Bank indicates. The bank’s assessment of the flood’s impact on the Australian economy estimates first quarter GDP growth will be reduced by 0.5%. However, this slowdown may not be enough to keep rates on hold, due to flood-related inflationary pressures.

“Given Queensland is a key producer of supply-constrained commodities, we are more inclined to view the ultimate economic impact of these floods through the lens of an inflationary supply shock,” the bank’s report said. Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , , , , , , , , | Comments Off on Flooding may propel rates higher

THE Reserve Bank left official interest rates on hold at 4.5%

Posted by Katrina Parrington on September 7, 2010

 The decision met the expectations of financial markets and the majority of economists, who had predicted that Australia’s central bank would remain on the sidelines.

 The RBA, one of few central bankers in the developed world to have raised rates during the recovery from the financial crisis, is expected to hike again before the end of the year.

 In an accompanying statement, RBA governor Glenn Stevens reiterated that the underlying inflation would be at the top end of the central bank’s 2-3 per cent target range through to mid 2011 and  that the current rates setting was “appropriate for the time being”.

 “The current setting of monetary policy is resulting in interest rates to borrowers around their average levels of the past decade,” Mr Stevens said.

 “With growth in the near term likely to be close to trend, inflation close to target and with the global outlook remaining somewhat uncertain, the Board judged this setting of monetary policy to be appropriate for the time being.”

 Economists believe inflationary pressures will begin to emerge as a problem for the Australian economy, especially as the nation exceeds growth expectations.

 In the June quarter, the economy grew by 1.2 per cent, the fastest quarterly pace in three years – the growth translated to 3.3 per cent for the year.

 The economy is also expected to show more signs of strength this Thursday, when the August unemployment rate is tipped to fall from 5.3 per cent to 5.2 per cent.

 The move down in the unemployment rate is forecast to be driven by almost 18,000 new jobs.

 The RBA last lifted interest rates in May, one week before the federal budget.

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , | Comments Off on THE Reserve Bank left official interest rates on hold at 4.5%

ANZ Lowers Fixed Rates

Posted by Katrina Parrington on May 28, 2010

ANZ has slightly lowered rates on a number of its long-term fixed mortgages as a result of less pressure on the cost of long-term funding costs.

The lender dropped its three-year fixed rates by six basis points to 7.64% giving it a competitive advantage over CBA and Westpac whose three-year fixed rates are 7.89% and 7.79% respectively.

ANZ also lowered its four-year fixed loans by 19 basis points to 7.74% and dropped its five-year fixed-mortgage to 7.94% from 8.03%. However, ANZ increased its one-year fixed rate by 13 basis points to 6.84%.

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Commonwealth Bank warns of 4 more rate rises

Posted by Katrina Parrington on March 28, 2010

  • This would push the official rate from 4 to 5 per cent. Based on the average SA mortgage of $242,500, mortgage-holders would pay an extra $151 per month, or a total of $1713 per month.

This increase assumes that banks do not independently move their own rates higher, which has been common practice since the global financial crisis struck.

Read the rest of this entry »

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