Category: Government Policy

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

The difference between owner-occupier and investor interest rates

New regulations have changed the way financial institutions set interest rates. There’s now a bigger difference between the rate borrowers are charged when they buy a property to live in, compared to loans taken out by investors who don’t live in their properties. This means the rate available could be cheaper for owner occupiers. The new […]

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Rates for interest-only loans on the rise

Concern about the growth of mortgage lending across the banking industry has prompted the Australian Prudential Regulation Authority (APRA) to tighten requirements for banks offering interest-only loans. Here, we look at what the changes are, and how they are affecting the lending market. APRA is concerned that too many mortgage holders are paying interest only […]

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Queensland first home buyers get a boost

Great news for first home buyers in the sunshine state: the First Home Owner’s Grant (FHOG) is being extended to 31 December this year. The Queensland state government initiative was due to expire at the end of June, but it was recently announced that under the 2017-2018 State Budget, funding would be allocated to extend […]

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Can Sydney’s housing affordability be fixed in five steps?

Australia has ranked as one of the least affordable countries in the world for housing again – but solutions are on the way. Demographia’s 2017 report ranked Australia third behind Hong Kong and New Zealand for unaffordable housing, largely driven by price hikes in Sydney and Melbourne. Of course, that’s nothing new. Anyone who’s tried […]

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The news gets better for first home buyers in Victoria

There’s more good news for Victorian first home buyers! The First Home Owner Grant (FHOG) is set to increase from $10,000 to $20,000 for buyers of regional property. Victoria’s state government recently announced the change, which will take effect from 1 July this year. In light of housing affordability discouraging first home buyers nationwide, those in […]

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Is housing set to become more affordable in Victoria?

Stamp duty is being abolished for first home buyers in Victoria as part of changes the Government is making to existing legislation. Stamp duty adds significant costs to property purchases, so this change will reduce the fees that property seekers will be up for. However, it may not necessarily make housing more affordable. The Victorian […]

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What do APRA’s mortgage lending measures mean for property seekers?

The Australian Prudential Regulation Authority (APRA) recently announced that it will be introducing extra measures to improve the quality of mortgage lending in Australia and moderate investor lending. This comes in a response to increased housing affordability nationwide and a surge in investor lending, in conjunction with a fall in owner-occupied loans. What exactly are the measures […]

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Could you use your super to buy your first home?

Housing affordability is one of the hot topics in the lead-up to May’s federal budget. One policy the Australian government is considering involves allowing Aussies to access their superannuation to buy their first home, as The Australian reported on February 22. What’s being proposed and why? The Turnbull government is pushing for a scheme that would enable […]

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Client stories

Alfonso De Guzman

Alfonso De Guzman’s focus on property investment in the past seven years has not only helped him and his family to provide for...

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Alison Bromley

Having sacrificed and worked hard to save the money for the deposit for her first house, Alison Bromley became overwhelmed at the...

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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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