Follow our Smartline blog for up to date latest Australian finance and property news.
Affordability is about more than just the price of a house. Monthly mortgage repayments and house price-to-income ratios also dictate how affordable a property is. In this post, we compare the cost of a mortgage in Australia’s capital cities. What is the average price of a mortgage in Australian cities? At the end of June 2017, CoreLogic […]
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Changes to the way landlords can claim tax-deductible expenses related to their investment property were introduced on 1 July. The changes mean property investors can no longer claim a tax deduction by depreciating plant and equipment assets – which are the easily-removable and mechanical fixtures and fittings on the asset – for properties that exchanged […]
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While the average August temperature in Canberra is a mere 13.5 degrees Celsius, the property market could be heating up. CommSec’s latest State of the States report, which analyses indicators over eight key economic areas, shows us that the Australian Capital Territory has the highest home lending rates in the country. This is positive news […]
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The housing market remained a focus for the Reserve Bank of Australia (RBA) in its most recent meeting minutes. Mixed conditions perpetuate across the nation in different housing markets. But the central bank also noted economic conditions were improving. In the minutes, the board noted there had been a drop in residential real estate investments […]
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Aussies love to build and renovate houses. If you’ve been inspired by The Block and want to build your own home, the type of home loan that you’ll need will differ from those buying existing properties. On the surface, construction loans can look a bit complicated, but we’re here to simplify them for you! How does a […]
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Once the kids have moved out and you’ve recovered – emotionally and financially – you might consider downsizing. For some, the sentimental aspect and the physical strain of moving is too big a hurdle. Financially, however, there can be many benefits. Downsizing usually releases some equity which you can use to pay for retirement living […]
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The 2016 Census data provides the opportunity to look at the areas across the nation which have had the highest proportion of rental properties. The 2016 Census showed that 30.9% of residential properties nationally were rented. The proportion of properties rented has been trending higher, increasing from 29.6% at the time of the 2011 Census […]
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The Reserve Bank of Australia (RBA) went into a meeting on the first of this month to discuss Australia’s cash rate, and came out with a decision to keep the rate steady at 1.5 per cent for an eleventh straight meeting. So, why is this? Economists suggest that wage growth continues to be slow, and […]
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There are numerous costs involved in taking out a home loan. Lenders’ mortgage insurance (LMI) is one fee associated with home loans that won’t apply to every home buyer, but it’s important to know about it if you’re considering taking out a home loan in the near future. What is lenders’ mortgage insurance? LMI is insurance that is […]
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There are many reasons you might want to move home. You might have just received the exciting news that you’re expecting. Maybe the darling of the family just moved out of home and it feels empty. Or perhaps you want to reduce your daily commute time but need some extra cash to afford to live […]
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