Category: First Home Buyers

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

3 innovative ways to break into the property market

According to a recent Grattan Institute report, home ownership rates have fallen in recent years for all Australians, but particularly for younger people and people in a lower income bracket. ‘It’s been a perfect storm of rising incomes and falling interest rates, rapid migration, tax and welfare settings feeding demand, and planning rules restricting supply. […]

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Costs to buy home

Costs of purchasing a home

You’re trawling real estate sites, and popping into open houses every Saturday. You’ve done your calculations, spoken to your mortgage adviser, and know roughly what you can afford to spend on your first home. The advertised price of the property, though, is only one expense to consider when buying your first home. So that you […]

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buying the first home

5 hacks for breaking into the property market

Dreaming of owning your own home? With house prices as they are, saving for your first home deposit can feel daunting. But the good news is, it’s possible. Here are some practical tips for breaking into the property market, and making your dream a reality. 1. Define your goal While you can dream big, and […]

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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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What are the costs of buying a new home?

So, you are ready to purchase your first home. You’ve got pre-approval for your mortgage, and you feel confident your income will stretch to cover the repayments. But are you aware of all the other costs involved in buying a home? Here, we break down the fees for you, so you don’t encounter any surprises […]

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Good news for first home buyers

It looks like the tide is turning for first home buyers in Australia. The data released by Australian Bureau of Statistics in September shows that investor lending is decreasing, while lending to owner-occupiers is on the rise. Lending to first home buyers is the highest it’s been since 2013. In July 2017, first home buyers […]

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Go hard or go home? Not necessarily

You’re buying your first home. But interest rates are expected to start going up at some point. Which is the better financial strategy? Do you stretch yourself, get the biggest loan you can and buy the most expensive/biggest house you can afford? Or, do you take out a smaller loan, buy a smaller house, easily […]

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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...

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Elly and Nic Marie

It was Christmas Eve 2015 and Elly Marie and her husband Nic were busy with their new baby and planning their upcoming wedding in...

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Kimberley Harrison

Kimberley and her partner Todd were looking at buying a home together. They had each contacted their respective banks but were...

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