February 2012

Our February 2012 Newsletter is now out. In this issue I cover:

- Property Vs. Shares

- House and Land Considerations

- Getting to Know non-Banks

Welcome to our February newsletter, The cash rate remains the same this month after the Reserve Bank of Australia (RBA) decided the current rate of 4.25 per cent is “appropriate” for the time being. The February 7 decision, marking the first Board meeting for the central bank in 2012, followed two consecutive rate cuts in the lead up to Christmas. While the announcement surprised a few mortgage and property industry pundits, with many economists having expected a 0.25 per cent rate cut, Deloitte Access Economics’ Chris Richardson said he wasn’t surprised to see the Reserve Bank “err on the side of caution”. “The rate cuts haven’t necessarily stimulated the property market as the RBA would have hoped,” he said. “So the Board may prefer, moving forward, to leave rates on hold and see what happens in Europe.” RBA governor Glenn Stevens said acute financial pressures on banks in Europe had eased considerably during the latter part of 2011, as a result of the actions of policymakers. “Much remains to be done to put European sovereigns and banks on a sound footing, but some progress has been made,” he said.

Hello Fans, Followers, and Family of LMM! By now you may be familiar with my Monthly Newsletter which focuses on the latest news, trends, and happenings in the financial world. To round out the information we at LMM provide you, I’m pleased to announce “The Builder’s Blog”, LMM’s latest edition to our series of blogs! At the helm, will be Dan Coperich, a Professional Building and Development Consultant whom I’ve known and had the pleasure of working with for the past three years; providing a full suite of building and financial services to our clients. Over to you Dan! Thanks for the warm introduction Nick, and I’ll begin by saying I’m very excited to have the opportunity to share whatever information and tips I can through this blog. I’m always one to keep a positive attitude toward the market, reminding myself there are always opportunities in any climate. With interest rates stabilizing, this is a great time to step back and examine your own personal finances by meeting with your accountant, your financial planner, your partner (who may very well be your accountant and planner too!), and a certain broker who I may have mentioned at the start of all this =)
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