South Coast Business and Financial Solutions - Newsletter

After months of collating submissions, confirming entrants and triple-checking figures, MPA (Mortgage Professional Australia) recently announced its list of the top 100 individual mortgage brokers from around the nation.

And coming in at Number 5 Nationally and First in NSW was our proud (and he might say "overworked") Managing Director, Tony Cottam. With a great deal of support from the whole team, Tony was credited with 304 home loans settled totaling $72,526,800 for the year.

The MPA Top 100 list high-lights the top performers in the mortgage industry, show-casing just how well they've done their job during the 2004/2005 financial year. To be ranked nationally in the top 5 in your profession is a real achievement and something he should be rightly proud of.

And the accolades don't stop there. South Coast Business & Financial Solutions were recently named PLAN Australia's "Brokerage of the Year" in NSW for 2005, recognizing their professionalism and overall performance throughout the year. Of particular note is the fact that this award is actually voted on by all major Banks and Lenders in Australia.

Well done to Tony and the team for a great year.

Economic Update

The RBA next convenes in March 2006 and most experts expect the cash rate to remain unchanged well into the new year. Some are even predicting that the next movement couldn, in fact, be a reduction of 0.25% in an effort to stimulate the economy and this would appear to be supporte by recent falls in home loan fixed rates (eg. CBA 3 year fixed rate down by 0.14% to 6.65% effective 18.01.2006).

This, together with significant improvements in housing affordability since the end of the housing boom two years ago, augers well for the future, particularly for first home buyers and investors.