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Advantage Plus Home Loan

Austral’s Advantage Plus Home Loan is a fully featured basic variable term loan suitable for
home buyers, home owners and investors.

Set at a competitive, low ongoing variable
interest rate and no monthly fees, it gives
you an option of interest only repayments for
up to 10 years, or a principal & interest
repayment plan over the life of the loan.

Acceptable Loan Purpose.

	Purchase or refinance of an owner occupied or investment property
	Debt Consolidation
	Go Between Loans
	Equity loans for investment or personal purposes
	Loans for business purpose up to 20% of the loan amount (excluding working capital and the payment of personal or business tax liabilities)

Can I Split My Advantage Plus Loan?

Yes you can. Minimum amount per split account is $10,000. A
combination of splits with variable and fixed interest rates is available
on request

Interest Only Option.

Ideal for investors, this option allows you to have up to 10 years
interest-only repayments before principal and interest repayments are
required.

Interest Only customers have the option of nominating an interest
charge day other than the anniversary day of loan settlement.

Interest & Repayments.

	Interest is calculated daily on closing balance and charged to the account monthly in arrears.
	Monthly repayments (irrespective of any additional repayments) must be made prior to or on the anniversary date of the settlement and must be made by direct debit from the borrower’s bank account.
	More frequent repayments are permitted (weekly or fortnightly) on P & I Accounts.
	Fixed Rate Accounts - Maximum of $20,000 p.a. in excess of normal repayments is permitted without break cost penalty.
	Any loans settled on the 29th, 30th or 31st of the month will have repayments due on the 28th of every month.

Product Features at a Glance

Minimum Loan Amount	$50,000
Maximum Loan Amount	$5,000,000
Maximum LVR	90% (plus Mortgage Insurance Premium) on Principal & Interest accounts 80% on Interest Only accounts
Loan Terms up to	30 years
Interest Only up to	10 years
Split Loans Available
No ongoing Fees & Charges
REDRAW facility
Online & Telephone Account Management System
Direct Debit
Unrestricted Additional Repayments (Restrictions apply to fixed rate accts)
Weekly, Fortnightly or Monthly repayments (Monthly ONLY for Interest Only accounts)
2nd Mortgage over supporting property may be considered
Loan is portable to another security property (Subject to standard lending guidelines)
Bi-annual statements	to 30th June and 31st December

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Full Member of MFAA
Austral is a member of the Mortgage & Finance Association of Australia (formerly MIAA), the professional body for the mortgage industry.

PH: 02 9299 1833 / FAX: 02 9299 1874

TODAY: Friday, 29th August, 2008

WEALTH MAXIMISER - INVESTOR ASSIST UPDATE - JUNE 2008
The ATO has recently published an edited version of a Private Ruling on its website: http://www.ato.gov.au/rba/content.asp?doc=/rba/content/81797.htm A taxpayer and client of Austral Mortgage, applied for the private ruling to seek confirmation from the ATO that if there was a shortfall between his investment income and his investment outgoings then that shortfall could be capitalised under the home and investment loan & line of credit structure noted in his application.

WEALTH MAXIMISER UPDATE - MAY 2008
Ever since the High Court decision in Hart's case, taxpayers have been seeking clarity from the ATO on the deductibility of capitalised interest in certain loan structures. On 16th April 2008 a favourable Private Ruling issued to an Austral client that provides insight into the ATO's current thinking on the subject.

My Choice
Austral has recently expanded its product offering through its My Choice loan initiative. My Choice provides borrowers with access to a wide range of lenders and loan products for residential, commercial and equipment finance, so no matter what your need our friendly and experienced staff can assist you.

Austral in the Community
Austral Mortgage has been a Principal Sponsor of the Winston Hills Little Athletics Club since October 2006. We are proud to be supporting this community project and congratulate the young athletes of WHLA for their commitment to and successes in the sport.

WEALTH MAXIMISER UPDATE - FEBRUARY 2008
Wealth Maximiser Update 12th February 2008 - We have advice from the ATO that it is well advanced on a binding Tax Determination regarding the deductibility of capitalised interest on a line of credit facility. Borrowers with both a home loan and an investment loan should consider including a capitalising line of credit within their loan structure or at least ascertaining from their lender that they could access such a facility by way of a simple variation of their existing mortgage.

Trans Tasman Finance
Did you know that Austral has a wholly owned subsidiary, Gem Home Loans Limited, in Auckland NZ - we are able to assist with organising mortgage finance for you should you be considering buying property in NZ.

AusComm Finance
AusComm is the specialist Construction and Development division of Austral Mortgage - if you are a developer seeking finance for construction purposes - residential, commercial, retail, industrial - give Peter McAuley a call on 0419 220 630 or email him peter.mcauley@australmortgage.com to discuss your funding requirements.

Mortgage Calculator
A number of excellent resource tools are now available on the internet for people in Australia seeking a loan to finance the purchase of a property or refinance an existing mortgage. One of the most useful and user friendly tools is a mortgage calculator. Before going too far in the purchase and /or borrowing process it is a worthwhile exercise to quickly gauge your borrowing capacity and also determine how your new mortgage repayments will impact on your personal cash flow. Mortgage calculator...

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