Category: Government Policy

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

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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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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Client stories

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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Steve Moran and Andrea Bernard

Steve Moran and Andrea Bernard have always been focused on managing their money and maximising opportunities to grow their...

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Belinda Fellows

Having a great mortgage broker can really help ease the stress and strain that comes with buying a property – particularly when...

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