Category: Debt Consolidation

Follow our Smartline blog for up to date latest Australian finance and property news.

Christmas spend debt

Tackle your post-Christmas debt

On average, Australians plan to spend $955 over the holiday season. Most use savings for Christmas presents, but 46 per cent use the credit card, and another 4 per cent take out a loan. The average credit card debt after Christmas is $1,666. Most people will pay off their credit card debt within six months, […]

Read More

Debt consolidation

Having multiple loans can creep up on you. Let’s say you took out a personal loan for a holiday you couldn’t quite afford outright when you were younger. Perhaps a year or two later you took out a car loan because the weekly repayments sounded far easier than a $40,000 lump sum. Several years after […]

Read More

Loan Redraw or Offset Accounts? Which is Best?

Offset accounts and redraw facilities work in similar ways; they both allow you to reduce the balance of your home loan, and therefore the interest charged, by applying extra money to your debt. They also are an effective means to build a “buffer” for a rainy day. Redraw allows you to deposit spare income into […]

Read More

The Truth About Fixed Rate Loans

With interest rates at an all-time low, taking the option of locking in an interest rate on your home loan to guard against possible future fluctuation may be attractive. However, it pays to know the ins and outs of fixed-rate loans before committing to one. When purchasing a property, borrowers can decide between fixed-interest loans […]

Read More

When Should I Consider Home Loan Refinancing?

For long-term borrowers, it’s easy to get into a pattern of repayment and assume that there’s no need to tweak things here and there. What might surprise you is that becoming complacent with your home loan could be costing you thousands. It pays (literally) to do a regular assessment of your mortgage, whether it is […]

Read More

What affects your credit score?

There’s a road that more and more Australians are choosing to go down: Home ownership. From building a property investment nestegg for retirement, to providing a long-term home for your family, there is a wide array of benefits to securing a house in this day and age. Once you’ve made the big decision to track down […]

Read More

Paying off mortgages takes priority in 2015

The start of a new year often means that people set themselves goals for the coming 12 months, and in 2015 it seems more Australians are focusing on their finances. A survey from NAB shows that financial independence and responsibility are likely to feature high on many people’s agendas, as they focus on a more […]

Read More

Client stories

Kerry Simpson and Scott Wright

Kerry and Scott joke that their Smartline Adviser knows more about their finances than they do. Over the past 11 years...

Read More

Ivan Marsic and Tanja Brinkman

When Ivan Marsic and his wife Tanja Brinkman decided they wanted to knock down their house and build a duplex, they didn’t...

Read More

Matt Richardson

Running his own successful IT project management business while growing his investment property portfolio means Matt Richardson...

Read More

Stay Connected