propertyinvestmentiq.com.au

This month’s Herron Todd White Property Update is available at the link below for those of you who don’t subscribe to it. It’s a very topical report given the level of infrastructure spending occurring around the country at the moment.

http://www.htw.com.au/Downloads/Files/213_November_2009_Month_In_Review.pdf

Did you know that 54% of Australians have borrowed from friends or family and 10% of them have never paid it back?!  (Just ask my mum!)

Private loans can now be formally documented using relatively simple kits available at www.fosik.com.au and www.ioukit.com.au .

Fosik also provides a marketplace for private loans where you can bid to either lend or borrow money at significantly lower than bank personal loan rates. For example, personal loan rates are currently around 12.5% but at Fosik you can borrow at around 7.5% if your credit report is clear and even if it’s not you can still get a loan, you may just have to pay more for it.

This could be a great personal debt consolidation tool!

As always please don’t hesitate to call if you have any questions.

Bob Coleman - Director, Mortgage Knowledgebase - (02) 6655 1271 or e-mail bob@mkpl.biz .

PS - If you end up using Fosik or IUO Kit please let me know about your experience.