The spreading cities of Melbourne and Sydney are right there with Darwin when it comes to their house prices retaining most of the increases from the past decade. But the latest research is showing a huge number of house buyers in those markets are committing over 33 percent of their income on servicing mortgages and 10 percent are paying more than half their income.

Property monitor, RP Data’s latest figures show a drop of around 0.2 percent in the median price of the houses in our larger capital cities this year.

Australia’s million-plus annual vehicle sales race is never dull with high stakes. And for decades the Holden Commodore has survived most challenges to retain its envied national outright top seller position. Occasionally the monthly sales stats see a Toyota get close but now the numbers from the rivals are really strong. So strong in fact that the Mazda 3 finished the first half of 2011 as this country’s top selling car pushing the once-mighty Commodore to second but the General’s new mid-size Cruze is holding third spot ahead of the European VW Golf in fourth. The previously strong-selling Corolla is no more than eigth.

The once mighty Falcon which has long dropped out of this country’s top ten selling car ratings, is receiving various factory upgrades to revive sales.
The one which Ford is most confident about is the option for the car with a newly uprated LPG fuel system that delivers traditional effortless Big Six power with impressive economy.

The Board of the Reserve Bank of Australia (RBA) has announced the basic cash rate has been held at 4.75 percent. This is now the ninth consecutive month that the rates have been held due to instability in the global economy and a two stream economy taking place in Australia, amongst other factors.

In a recent speech, RBA Governor Glenn Stevens said the massive growth in retail during the 1990s and 2000s resulted in a culture of too many businesses expecting continued growth in retail. He insists that while that boom was killed off by the GFC, the present problems with many top retailers should come to an end within a few years as the sound economy gradually catches up.

Whether you are looking for car or equipment finance, Madison Finance has a product to suit you. With over 30 lenders to choose from, some with exclusive agency, we have the widest range of financing products. Due to the volume of work we put through our lenders we are provided with low rates and exclusive deals.

Due to the wide range of finance products available we can tailor a finance package to suit your needs, circumstances and budget. We are able to provide you with many financing options, such as a personal lease, novated lease or fully maintained novated lease, commercial hire purchase or chattel mortgage. We also have access to a professional package, low doc and no doc finance products. Alternatively, you may wish to rent your equipment prior to purchasing – we can take care of that too.

So no matter what type of finance you require, we will be sure to assist you in everyway possible. Call us now on 1300 887 967!

Manufacturers are now doing sales on their 2011 model vehicles. This is to make way for upcoming 2012 models. As car manufacturers are keen to meet their monthly targets they are slashing the price on their 2011 model cars. With the government tax incentive on purchasing a new car, there has never been a better time to buy a new car and with such bargain prices – who can resist!

Be prepared when looking for your next car bargain by having your car finance pre-approved. This will save time when you find your dream car as you will have the confidence to put a deposit on it straight away to secure your new vehicle. You will also be aware of your monthly committment upfront and the budget you have in sourcing your new vehicle. To obtain a obligation free quote speak to a Madison Finance representative today.