Thursday, November 10, 2011

Win a $100 Christmas Wish Card!*

Homeloans is doing some research on Christmas spending habits. To help us do this, we have constructed a brief survey that will help us gain an insight into whether people will be changing their Christmas present spending habits this year - and if so, why. By completing the short, seven-question survey, you could be in the running for a $100 Christmas Wish gift card.

Answering the following questions should only take a few minutes of your time. To begin the survey, please click on the link below.

And don’t forget you’ll be in the running for a $100 Christmas Wish gift card! If you’re the winner, with one simple swipe you could buy electronics, appliances, homewares, stationery, toys, groceries, petrol, liquor or cosmetics – to name but a few.

Please be assured that all the information you provide is confidential, results will be aggregated and no individual will be identified in any way.

 

*Conditions Apply

Win a $3000 travel voucher!*



Member Advantage is offering you the chance to win two prizes of Intrepid Travel Vouchers for a destination of your choice. There will be two separate draws, each valued at $3,000 (AUD). Vouchers are to be used towards an Intrepid Travel land based trip - just add the airfares and you're set!
How do I enter?

Homeloans customers will just need to use any of the services under their Member Advantage benefits program from 1 October 2011 until 1 December 2011 then simply send Member Advantage a receipt or proof of purchase, together with a fully completed entry form and you’ll be in the draw to win.

Whether you want to explore the ancient wonders, trek through breathtaking landscapes, sample local delicacies or just take a short break to unwind. You’ve got to be in it to win it!

There are so many benefits through your Member Advantage program to choose from for you to be eligible for the draw.

Visit Member Advantage to enter!
*Conditions Apply. Click here for terms and conditions.

The latest trends in outdoor furniture

It doesn’t seem that long ago when a typical backyard consisted of a grass patch, a clothesline and a barbeque with simple table and chairs. Today, with the boundaries between indoors and out blurring, Australians expect the same style, quality and comfort from outdoor entertaining as we do from our indoor living areas.

So how do we bring the inside out?

Opening homes to nature’s elements with indoor areas flowing effortlessly to outdoor entertaining spaces combining harmoniously with landscaping creates the all important Australian alfresco lifestyle. As the concept of the outdoor room has grown in popularity, so too has the range of designer outdoor furniture.

It’s now possible to create an idyllic entertaining area, regardless of the size and orientation of your outdoor space, and then decorate it with virtually any style of furniture imaginable – from classic and whimsical to ultra-contemporary, all in weatherproof materials that are appealing enough to move inside and out.

Dylan Nye from Impressions Outdoor Furniture in Castle Hill, Sydney says just like the kitchen, the alfresco area is now the hub of the home, where more and more we escape to and relax.

“When it comes to the outdoor furniture scene a key trend that has emerged is woven synthetic wicker furniture,” Dylan says. “Synthetic wicker has all the beauty of natural wicker, plus a host of other benefits too. It is proving to be one of the most popular choices – and for good reason; it is sophisticated yet natural, sturdy, stylish, rust proof, easy to care for and brings a resort-style ambience to any backyard, providing a strong link between inside and out. Plus it’s UV, fade and water resistant.


“Dark mahogany and black wicker still dominate, while the ever popular natural stone tables continue to service our French provincial customers. Colours are moody and sophisticated; black, brown and charcoal grey are key tones.”

Gone is the bulky outdoor furniture that dominated a few years ago; today the look is lightweight, finely woven and laser-cut so that the sunlight can flow through the nooks and crannies of your outdoor furniture. Low-key powder-coated aluminum furniture is taking over where high-shine aluminum left off.

“We are seeing a strong trend in outdoor fireplaces adorned with beautiful deep seat modular settings. It is hard to differentiate these days between indoor and outdoor furniture with the use of sleek stainless steel and glass,” Dylan says.

“It is very important when looking at outdoor furniture to consider the warranty that comes with it, particularly when associated with outdoor wicker and UV ratings. At Impressions, we specialise in getting our customers into the right furniture for their home, taking into consideration design and location.

“Continuity of style is the key to an elegant home; from the front of the house where a first impression is made, right through to the back of home for a lasting impression.”

Take a seat (comfortably!)
Outdoor cushion trends

Not long ago, plastic chairs were about all that was available to furnish your alfresco area – but luckily times have changed, and the fabric industry has helped drive the changes. These days your outdoor chairs or sofa can be covered in a material that’s just as soft and stunning as the fabric on your living room furniture. The choice of colours, patterns and textures has never been better!

Vibrant colours, bold patterns and stripes are big hits this summer, says Anna Day from Elements Weatherproof Soft Furnishings. If bold and bright is not your style, try the various hues of blue.

“Look to your outdoor furniture for inspiration,” says Anna. “Formal furniture calls for classic mixes of charcoal with striped grey and white scatters. Contemporary furniture lines come to life with bright stripes of red, blues and oranges.

“Also look to your planting schemes for inspiration or tones used poolside. Even exterior feature walls can be highlighted with the correct colour choice in your soft furnishings.

“The transformation of adding colour and texture to the furniture and your outdoor area is simple, fun and easy to do, and achieves fabulous results. People are increasingly wanting the same sense of style for outside as well as inside.”

Easy upkeep

Using the correct materials for outdoor use is imperative to sustain the elements of the Australian climate. Whether poolside or for use in entertaining or dining areas, choosing a superior fabric provides a low maintenance product with an extended lifespan.

“In recent times, even polyesters have been passed off as outdoor fabrics,” explains Anna. “Today olefin and polyolefin mixes are being marketed for outdoor use. The 100% solution dyed acrylics remain the leaders in true outdoor fabrics because they provide water, UV, chlorine, salt and mould/mildew resistance.

“Each year we see the range increasing to more textured and patterned fabrics which are soft enough to be used indoors as well as out yet provide maximum durability and longevity.”

The Elements range of cushions includes bench seat cushions, day bed cushions, seat pads and throw cushions. “A major goal of ours is to help people glam up their gardens,” adds Anna.


Light my fire

Traditionally the domain of indoor spaces, the open fireplace is ‘on the move’ – and it’s increasingly being integrated into outdoor rooms for year-round ambience, warmth, as a lighting element, or to make a clear design statement.

“Outdoor rooms have become one of the hottest trends in home design – and with householders wanting to use them throughout the year, outdoor fireplaces have become very popular,” says Stephane Thomas, director of The Fire Company and creator of EcoSmart Fire, the award-winning range of bioethanol fires.

“Think lighting, atmosphere, or simply and effectively transforming an outdoor space to create a design statement or eye-catching focal point. Whatever the use, the EcoSmart Fire is changing the paradigm.

“Akin to the kitchen being the heart of the home, a fireplace is widely considered the centrepiece of an outdoor room. It’s the ultimate drawcard, adding a comfort factor much like plush cushions and furnishings do indoors.” 

Self managed super funds rush for property

For many years, property investment has been one of the mainstays of the Australian investment environment. Many people like a tangible investment, and bricks and mortar has always been popular. And over the past 16 months, the growing appeal of property has become even more evident following the introduction of new rules, whereby it became easier for self managed super funds (SMSFs) to borrow to invest in property. Added to that softening house prices, record low vacancy rates and strong rental income, and you can understand why more people with SMSFs, or DIY super funds, have been enticed to take that step.

According to recent Australian Taxation Office figures, investment in direct property represented 15.4% of total assets managed by DIY funds, up from 13% three years ago. The ATO also found that SMSFs invested an additional $500 million in direct real estate over the March 2011 quarter.

This increase coincides with the appeal of DIY super funds continuing to grow, with $3 billion added to SMSFs over this period, taking the total invested to $418 billion held by 7,500 funds.

There are certainly significant benefits in direct investment in property. For example, one of the main benefits of buying property in a SMSF is that capital gains tax is much lower – i.e. 15% if the property is held for less than one year, 10% if held for longer, and potentially nil if the property is sold when you are in retirement and your superannuation is paying a pension. In addition, net rental income is taxed at a maximum rate of 15% in an accumulating super fund, and nil tax in a super pension fund (compared with up to 46.5% in your personal name).

Rental income received by the SMSF is also non-taxable and can go straight off the loan and will not count as a trustee contribution.

Older properties take on new sheen

With the recent news that the ATO has released draft rules allowing SMSFs to renovate properties they hold – provided they don’t borrow the money to make the improvements – property is likely to become an even more attractive asset for DIY funds to hold.

The ruling, released in September 2011, allows renovations to properties held in SMSFs as long as the money comes from within the fund (it cannot be borrowed) and the renovation does not fundamentally alter the nature of the property. Previously the ATO has ruled that SMSFs could not borrow money from any sources to improve their properties.

Many in the industry have called the ruling on improvements a welcome relief, given that real estate assets are usually held for a long time and obviously need some revamping in that time.

Peter Burgess, the national technical manager of the SMSF Professionals Association of Australia (SPAA), told the Australian Financial Review: “This change will mean that property is now a more attractive option than it was previously.”

The ATO has also clarified rules around borrowing to repair property. SMSFs will be able to borrow to undertake repairs as long as it does not change the character of the dwelling.

So what’s covered under self managed super funds’ property improvements? It’s best to check with the ATO, but it can include:
  • Installing a new pool
  • Building a new garage
  • Extending/renovating a kitchen or bathroom
  • Adding a second storey to a house
  • And for farms, adding a new set of cattle yards, a new windmill, a dam
Be aware

It’s vital that property investors who use their self-managed super funds to borrow and acquire real estate fully understand their obligations and comply with the law, the ATO has warned.

ATO superannuation assistant commissioner Stuart Forsyth has said that the coming year will be a “big year” for regulation and compliance. Mr Forsyth told the audience at the recent Institute of Chartered Accountants’ National SMSF Conference in Melbourne that the ATO is acquiring new powers to prevent breaches of legislation.

There are many complex laws restricting the use of SMSF’s to borrow money which you need to understand. You really do need to get some good advice from a qualified financial consultant first before implementing any strategy, as they will be able to help you better understand and abide by these laws and also to advise you whether this is an appropriate solution based on your needs and circumstances.

Homeloans offers a home loan which allows established SMSFs to borrow funds for the purchase or refinance of residential investment properties. Click here for more information.

Thursday, October 20, 2011

Spring into your garden and reap what you sew

Spring into your garden and reap what you sew

Wondering whether to get stuck into your gardening this spring? There are plenty of reasons why it’s a great idea. Not only will your garden look good, you could also be boosting the value of your property!

A well-designed garden is the perfect way to frame your home and add significant value. So putting down roots and sowing the seeds now will pay off when you eventually sell up.

According to a recent Husqvarna Global Garden Report, a well-kept garden can increase the value of your property by 12 per cent. The report stated that homeowners could receive 3.6 times more than the amount invested in their property if they maintained their garden.

Martyne Bird from Birds Landscape Design and Management says a well planned and eye-catching garden can turn your investment into further added value for your home. She explains that garden elements which contribute to the value of a property include a well-maintained lush lawn, inviting entertaining areas, stonescaping with designed stone paths, decorative trees/bushes and colourful plants.

“Planning a garden implies bringing all the outdoor elements together, in perfect harmony to complement each other. Capture your vision by combining a blend of materials, water usage, plant selections, form and function to bring life to your home,” says Martyne.

Michael Roberts, principal of Louis Carr Real Estate, says your home is frequently neglected in favour of interior renovations, but come sale time it's first impressions that count. “A lawn and garden are the first things people see, so all could be lost before they even enter the house,” Michael says. “Investing in your garden can go a long way in improving your home's street appeal and saleability.”

Martyne adds that it’s important to make the best use of your largest living space. Today homeowners tend to spend most of their time outdoors – so by creating an indoor/outdoor room you bring the garden into your home, thus providing a tranquil environment for the family.

“There is not a garden past or present where the element of water hasn’t improved the garden,” Martyne says. “Water adds sound and movement, which is soothing to the spirit and adds a dramatic way of including a feature or focal point that gives your garden depth and interest. Water features can be clean cut and formal or rambling rock creek beds that are informal. The decision is purely up to the personality that creates it.”

Brad Wheatley, principal of BW Property Consultants, says showing your home at its full potential and helping buyers fall in love with it will mean more dollars on sale day.

“Tasteful landscaping and gardens are a successful and cost-effective way of doing this,” Brad explains. “An average home can be lifted by a gorgeous garden; a $10,000 investment could add $30,000 to the value by attracting stronger interest.”

Martyne suggests a few ways on how to go about creating your own masterpiece.

  • Decide on a theme. It could be about relaxation, your favourite colour or echo your personality. The plants selected will entirely be based upon what you want to achieve.
  • Focal points. Think about which areas you want to draw attention to, what patterns and designs appeal to you, and where you want designs repeated.
  • Those extras. A water feature, bird bath, stepping stones, pathways or statue. Anything small and simple or big and dramatic.
  • Be mindful. Try to match your outdoor spaces to the style of your home. Having a formal, manicured garden outside a weatherboard house doesn’t make sense, anymore than having a wild cottage garden in a brand new contemporary house does.
  • Be smart. Observe other gardens and talk to people who have done the job themselves. Work out everything from design to cost – and avoid getting carried away.

Wednesday, October 12, 2011

Betting on a Melbourne Cup day rate cut

Betting on a Melbourne Cup day rate cutNearly 12 months ago, on a day when most Australians were preparing to watch the race that stops the nation, the Reserve Bank of Australia (RBA) announced what many argue was the rate hike that stopped the nation. For the seventh time in just over a year, the target cash rate was increased by 25 basis points. To make matters worse, over the months that followed we were being threatened with further increases, as the RBA battled to keep inflation in-check.

What a difference a year makes. We haven’t seen an interest rate hike since, and as we approach Melbourne Cup day for another year, the sentiment among economists is in stark contrast to 2010. With economic outlook being downgraded across the globe, the prospect of the RBA reducing interest rates on the first Tuesday in November could be at shorter odds than the favourite for Race 7 at Flemington.

“Consumer confidence has been weakened by the lurking threat of interest rate hikes,” says Greg Mitchell, Homeloans general manager of retail sales.

“But as economists have now changed their outlook, we’re seeing this consumer sentiment improve”.

The latest retail sales figures, released by the Australian Bureau of Statistics (ABS) last week, validate Mitchell’s claim. The past two months have seen positive, albeit modest growth in retail trade of 0.6% (seasonally adjusted) per month.

“Despite global economic concerns, particularly in Europe and the US, many Australians are feeling comforted by the fact that their mortgage repayments don’t appear to be increasing in the foreseeable future,”  says Mitchell.

The international financial volatility has led to significant decreases in fixed rates in recent months, giving home owners more certainty when it comes to their mortgage repayments.

“Fixed rates reflect forecasts of where interest rates are headed,” Mitchell adds.

“So not only do they provide borrowers with the ability to guarantee what their repayments will be over a given period of time, they paint an optimistic picture of what the future holds for interest rates.”
If lenders are pricing for it, and economists are predicting it, then the possibility of a rate reduction on Melbourne Cup day is looking increasingly likely.

“The Reserve Bank has certainly started hinting at the possibility of ‘easing monetary policy’, which it doesn’t do lightly,” Mitchell concludes.

“So at this stage a rate cut looks like it might be a good bet, if not in November then in December this year.”

Homeloans has three-year fixed-rate home loans at 6.49%pa* and variable rates from 6.89%pa*.

If you would like to enquire about our low fixed or variable-rate home loans, contact us today!

Tuesday, October 11, 2011

Homeloans offsets 1,000,000 kg of carbon!

Homeloans offsets 1,000,000 kg of carbon!Since the 2010 launch of its Carbon Conscious program, whereby a tree is planted for every new loan settled, Homeloans has now planted enough trees to offset one million kilograms of carbon emissions.

“This is a great milestone,” says Homeloans national marketing manager, Will Keall.

As an organisation we’re proud of the steps we’re taking”.

Homeloans’ Carbon Conscious program involves the planting of a Mallee Eucalypt tree for each new loan settled. Over its growing life, the Mallee Eucalypt will store about 200kg of carbon.

Keall explains that the planting of trees is not the only way Homeloans seeks to act in an environmentally responsible fashion.

“We regularly implement changes within the business to lower our carbon footprint, such as enhancing our recycling systems and implementing power-saving initiatives,” he says.
“
We are currently running a competition among our four main offices to see who can reduce their print quantities by the most.”

Homeloans also offers its customers the ability to reduce their own carbon emissions.
 
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Carbon Conscious