Category: Home Loans

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

5 tips for managing mortgage stress

The term mortgage stress has been bandied around in the news recently. With Reserve Bank of Australia (RBA) cash rate at a record low of 1.5 per cent, house prices continuing to rise and incomes remaining flat, economists are concerned that when rates do increase, many Australians will experience mortgage stress. There are many definitions […]

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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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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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Taking the long-term view on your mortgage

Taking out a mortgage is a big commitment, and often you will be paying back your mortgage over 25-30 years. This is a long-term arrangement, and possibly the first time you’ve ever had to think so far into the future. There is a lot to arrange when taking out a mortgage. And to give yourself the […]

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Offset or redraw? A look at the pros and cons

With interest rates at historic lows, some homeowners are building up a savings buffer by paying more than the minimum off their mortgage each month.   Evidence bears this out. The Reserve Bank of Australia’s latest Financial Stability Review reveals the balances in mortgage offset accounts and redraw facilities are high, at around 17 per […]

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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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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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Relocating in retirement? 4 things to consider before you decide

Reaching the end of your career brings many big decisions. One of those is where to live. Will you stay in your family home, or relocate? While moving might be a stress you are not interested in, now your working life is over, there are advantages to downsizing, or relocating to a quieter community. Here […]

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5 smart ways to spring clean your finances

Spring is a great time to dust off the cobwebs and reorganise the linen cupboard. It is also a great time to reassess your finances, to make sure everything is running smoothly. Here are some strategies to ensure you are getting the most out of your money. Dust the cobwebs off your budget Checking in with […]

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Client stories

Nick Tinning and Naomi Parkes

Nick Tinning and fiancée Naomi Parkes thought securing a loan to build their house would be relatively...

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Neville and Christine Lewis

Using the equity they had built up in their family home, Neville and Christine Lewis started investing in property in the early...

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Janine Davies

Janine Davies originally found the idea of buying a home nerve-wracking. Terminology she didn’t understand, mountains of...

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