Category: Government Policy

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

RBA

How do lending restrictions affect you?

Lending restrictions implemented in recent months are attempting to address housing affordability and prevent the onset of mortgage stress in many Australian households. The restrictions mean lenders have more responsibility than ever before. But what are these lending restrictions? And how will they potentially affect you? Here, we investigate some of the changes. Lending restrictions explained […]

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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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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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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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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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5 ways to save your mortgage deposit faster

Are you wondering how you’ll be able to scrape together a deposit for your first home? What with rent, bills, other expenses and any debts you’ve accumulated, it can be hard to imagine ever getting together the amount needed to secure your first property. However, if you begin implementing some simple saving strategies, you’ll be able […]

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Australian Taxation Office

New depreciation rules affect property investors

Changes to the way landlords can claim tax-deductible expenses related to their investment property were introduced on 1 July. The changes mean property investors can no longer claim a tax deduction by depreciating plant and equipment assets – which are the easily-removable and mechanical fixtures and fittings on the asset – for properties that exchanged […]

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Government schemes to help you buy your first home

Are you an aspiring property owner struggling to figure out how to afford your first home in Australia? With average mortgage rates more expensive than ever before across the majority of states, it’s little wonder. But there’s plenty of assistance for first home buyers in Australia thanks to government schemes. To help you out, here is a […]

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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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Fiona and Jamie Clifford

When young couple Fiona and Jamie decided to build their new home, they knew they could rely on Smartline Personal Mortgage...

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Dee and Henry Nieuwenhuis

Going green wasn’t an optional extra for the Nieuwenhuis', it was an integral element of their property investment strategy....

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