Month: May 2017

The news gets better for first home buyers in Victoria

There’s more good news for Victorian first home buyers! The First Home Owner Grant (FHOG) is set to increase from $10,000 to $20,000 for buyers of regional property. Victoria’s state government recently announced the change, which will take effect from 1 July this year. In light of housing affordability discouraging first home buyers nationwide, those in […]

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Making the move to improve your well-being

Maybe the grass is greener on the other side. A recent report by the Motu Economic and Public Policy Research Institute found that moving within Australia can lead to improved subjective well-being (SWB). The study followed 2,474 people between the ages of 25-60 for up to four years before and after their residential migration, defined […]

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Get ready for the new financial year

A new financial year is a great time to review your finances and make sure they are in tip-top order. It’s the time of year to ensure you are claiming all your allowable deductions and that your tax records are in order. Here, we look at how to prep for 30 June whether you are […]

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Five considerations when refinancing

It’s a good idea to regularly assess whether refinancing makes sense if you have an existing mortgage or another loan. There are many factors to keep in mind when you go through this process. Here are five essential elements to consider when assessing whether exiting one loan and opening another is a wise idea. 1. […]

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How building credit can help position you for a home loan

Mortgage brokers and lenders use your credit rating to determine if you’re a good loan candidate. A bad credit score – caused by missed payments or excessive debt – can hurt your chances of getting your first home loan, but no credit rating can be detrimental as well. At Smartline, our brokers want to help […]

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22 ways to cut your energy bills (before spending on solar panels)

Winter is here! Despite many Australians opting not to heat their homes to the point of complete comfort, many of us nevertheless will soon receive a nasty surprise when the energy bills arrive. With Australia’s historically cheap energy, old housing stock in many areas, mild climate and frequent emphasis on low building costs, many homes […]

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Life stages and property, part 3: Your 60s and 70s

In the final part of this series on life stages and property, we look at the financial questions concerning Australians of retirement age. At this point in your life, you’ve had to make a great deal of financial decisions. You’ve probably had big successes – as well as failures that you’ve learned from. For this […]

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Is housing set to become more affordable in Victoria?

Stamp duty is being abolished for first home buyers in Victoria as part of changes the Government is making to existing legislation. Stamp duty adds significant costs to property purchases, so this change will reduce the fees that property seekers will be up for. However, it may not necessarily make housing more affordable. The Victorian […]

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