Category: Economy

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

Cash rate on hold for two years and one month

The Reserve Bank of Australia (RBA) has announced that the cash rate remains steady at 1.5 percent. This August marked two years since the last change. In fact, the cash rate hasn’t increased since November 2010. According to RBA Governor, Philip Lowe, there are a few national and international factors keeping the rate steady for […]

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4 ways to spring into the warmer months and bloom financially

Can you feel that warmth on your shoulders? Hear the bees buzzing? Yes, winter is nearly over, and spring is coming. We thought we’d celebrate by sharing ways to spring into the warmer months with some smart financial tips. Save first, spend later One way to get ahead financially is not to get behind. It […]

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Australia’s most affordable suburbs with strong capital growth

With a median house price in greater Sydney of more than $1.15 million, and the median house price in greater Melbourne around $915,000, properties under $500,000 start to seem appealing. But what if affordability and capital growth could be measured hand in hand? Turns out, they can. CoreLogic recently released its Top Affordable Suburbs Report, […]

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Improving housing affordability

A new report from the Australian Housing and Urban Research Institute (AHURI) released this July, investigates housing affordability in Australia and proposes new directions for housing tax reform. Why is housing affordability a problem in Australia? Housing affordability has been in steep decline in recent years, despite strong economic growth. The lack of affordable housing […]

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The Australian construction boom

You’ve seen the headlines, and possibly the cranes dotted along the horizon: construction is booming in cities across Australia. But how does this affect you? Inflated construction costs According to the recent International Construction Costs 2018 report by built asset consultants Arcadis, Sydney, Melbourne and Brisbane rank in the 25 most expensive cities globally for […]

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RBA

Residential lending dominates

Monthly data from the Reserve Bank of Australia (RBA) indicate that Australia Prudential Regulation Authority (APRA)’s policies are taking effect. What are APRA’s policies? APRA implemented policies in 2017 to slow investor lending, in an attempt to address housing affordability. The policies require lenders to limit investor credit growth by 10 per cent per year. Interest […]

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Grettan Institute Report

Australian house prices have more than doubled in the last 20 years

The Grattan Institute report, released earlier in March, found that Australian house prices have more than doubled in the last 20 years. The rise has been particularly sharp in the last six years, with house prices increasing 50 per cent in Melbourne and around 70 per cent in Sydney since 2012. So, what caused this […]

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Make your money go further, ladies

How do the words ‘financial planning’ make you feel? What about ‘mortgage’? Or ‘superannuation’? Believe it or not, a staggering 52 per cent of Australian women find dealing with finances stressful, and around 2 per cent of women have no savings for retirement. Australian women face unique financial challenges. By retirement, women have less superannuation […]

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Client stories

Nick Tinning and Naomi Parkes

Nick Tinning and fiancée Naomi Parkes thought securing a loan to build their house would be relatively...

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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...

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Linda and Trevor Friend

Linda and her husband Trevor had their mortgage with one of major banks for years. With rates going down steadily, the time had...

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