Category: Interest Rates

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

Mortgage stress

Over 20 per cent of Australians experience mortgage stress

A survey from Roy Morgan’s research institute has found that nearly one million Australians experience mortgage stress. This equates to over 20 per cent of the population. While the results of Roy Morgan’s interviews of 10,000 owner-occupier mortgage holders are significant, mortgage stress is down slightly since this time last year, when 21.3 per cent […]

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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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What’s the outlook for the cash rate?

It’s been 13 months since the Reserve Bank of Australia (RBA) last changed the current 1.5 per cent cash rate. Consensus among academics suggests there’s little chance of a change to the cash rate any time soon. While some countries, including the US and Canada, have started to raise interest rates after a period, and […]

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RBA takes a more positive stance

The housing market remained a focus for the Reserve Bank of Australia (RBA) in its most recent meeting minutes. Mixed conditions perpetuate across the nation in different housing markets. But the central bank also noted economic conditions were improving. In the minutes, the board noted there had been a drop in residential real estate investments […]

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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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Negative Gearing, is it a Rort?

Best “pro” discussion on negative gearing I have heard for some time (and I note the irony that there is very little commentary on investors being slugged again over the last week (pre RBA meeting) with out of cycle interest rate increases, which amount to higher costs in running their “property business”):   The first […]

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Client stories

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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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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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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