Category: Economy

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

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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Capital city spring property update

Spring has sprung and so have several Australian capital city residential property markets, albeit at a more modest rate than in previous quarters, according to leading property data research house CoreLogic. Capital dwelling values rose by 0.7 per cent in the third quarter of the year, according to the September results of the CoreLogic Home […]

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What’s the outlook for the cash rate?

It’s been 13 months since the Reserve Bank of Australia (RBA) last changed the current 1.5 per cent cash rate. Consensus among academics suggests there’s little chance of a change to the cash rate any time soon. While some countries, including the US and Canada, have started to raise interest rates after a period, and […]

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Tips for saving your first deposit

Younger people are having difficulty breaking into the housing market according to the Household, Income and Labour Dynamics in Australia (HILDA) survey. The report found that home ownership for the under-40s has dropped significantly since 2002. And those who have made it into the market are not paying off their mortgage at the same rate. The […]

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Housing supply under $400,000 dries up

by CoreLogic The ongoing increases in dwelling values over recent years has led to a significant reduction in the proportion of sales occurring below $400,000. Across the nation, 31.2% of houses and 37.3% of units sold transacted for less than $400,000.  By comparison, a year ago the proportions were recorded at 32.8% for houses and […]

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Which of Australia’s capital cities have the most affordable mortgages?

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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Client stories

Khris Lloyd

25-year-old Khris Lloyd was left in the lurch when his beloved credit union did a backflip on their pre-approval for a run-down...

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Belinda and Ashley Benson

Borrowing money can get awfully complicated and that’s where having the right mortgage broker made all the difference for...

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Matt Richardson

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

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