Category: Economy

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

reduce energy costs

Reduce your energy costs

High energy prices are often in the news, which is no surprise given Australians pay the highest energy prices in the world. That, combined with increased energy consumption, means a bulk of your household expenses go towards energy bills. Much of the cost of energy is to do with maintenance of network connections, like poles […]

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housing affordability 2018

Housing affordability in 2018

It is the Aussie dream to own your own home. But in the last 15 years, housing affordability has made it tricky for some. The average cost of owning a property is now 7.2 per cent of the average income. Fifteen years ago, it was only 4.2 per cent. While incomes have also increased in […]

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Falling property price

Falling house prices? Don’t panic

CoreLogic recently reported that Sydney house prices were down -1.3 per cent in the last quarter ending in November 2017, and Darwin house prices had receded -2.7 per cent. The report found a combined capital city drop of -0.1 per cent in the last month. Flags are raised when we hear these figures, which is […]

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Buying a property with friends

Buying property with friends

With prices stubbornly high around the country, more under 40s Australians are teaming up with friends or family members to buy their first property. It can be a win-win for both parties. Having someone else stump up half the deposit and share the expenses and exposure may allow you to get into the market sooner, […]

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rentvesting

Making rentvesting work for you

It’s no secret that property values across Australia have raced north in recent years, in both major cities and regional towns. So much so that median house prices in Sydney and Melbourne are currently sitting at the eye-watering figures of $1,177,769 and $852,724 respectively, according to the latest QBE Australian Housing Outlook. If you don’t […]

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construction boom

What does the construction boom mean for you?

Building and construction is a growing industry. In fact, it has just topped the list for full-time employment in Victoria, providing 20,000 new jobs in the sector in the last year. Why the boom? There’s been a lot of government focus on developing more metropolitan dwellings to address the current housing affordability situation. Development is […]

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apra restrictions

Loan restrictions in place until household debt stabilises

Earlier this year, the Australian Prudential Regulation Authority (APRA) placed restrictions on investor lending and interest-only loans to address housing affordability, and potential mortgage stress. At the time, interest-only loans accounted for almost 40 per cent of lending. APRA Chairman Wayne Byres recently told building societies and credit unions that restrictions will remain in place […]

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rent increasing

How far can rents actually rise?

We recently received another thought provoking blog post from .id the population experts. The topic was based on “rent & mortgage” data that has just been released from the 2016 Census. As you can see below, median weekly rents have been on the rise since the 2011 Census. Whilst these rent increases have been substantial, […]

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Where will property values be in three years?

The annual QBE Australian Housing Outlook (2017-2020) report has just been released. This report, produced by BIS Oxford Economics, has a remarkably accurate track record when it comes to forecasting capital growth rates. Here is a summary of their median house price predictions. As you can see, it appears that Sydney’s boom is predicted to […]

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Client stories

Udaya and Nita Lohani

With their family having outgrown the two-bedroom unit they had lived in for seven years, Udaya and Nita Lohani knew the time was...

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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...

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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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