Smartline Finance Broker in Dunsborough, Western | Loan service

Smartline Finance Broker

Locality: Dunsborough, Western

Phone: +61 402 454 617

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25.01.2022 Confidence is key

25.01.2022 Youve heard it throughout the year: house prices are falling. But what does this mean, exactly. And what can we expect in the New Year? Here, we break it down for you.

25.01.2022 Treasurer tells Australians to shop around The good news is that the push and pull between policymakers and the banks may lead to beneficial consumer outcomes. Lenders dont want to upset policymakers or consumers but they do have to balance the requirements of their business. They still need your custom and they are willing to compete for it. All this puts borrowers in the power position when it comes to negotiating on interest rates. The smart move is to contact your Smartline Adviser as they can negotiate with your current lender for a competitive rate or help you secure a more suitable loan for your needs.

23.01.2022 3 innovative ways to break into the property market. While we wait for economic and policy changes to make first home ownership a reality for more younger Australians, we can take matters into our own hands, and think outside the square about how to break into the market. Construction has been boosted to assist housing affordability. Government incentives, such as the First Home Super Saver Scheme, have been introduced. But still, some argue there is more to be done at a gov...ernment level. Ultimately, much more remains to be done on the policy front to achieve meaningful improvements in housing affordability for millennials, says Rachel Ong Viforj, Professor of Economics at Curtin University. 1. Renvesting A number of new home owners are getting their foot on the property ladder by rentvesting. The term rentvesting refers to renting in the area you want to live in (or maybe staying at home with parents) and buying investment property in more affordable areas.You dont have to give up on, or defer, your goal of home ownership a rentvesting strategy can allow you to break into the property market sooner and build future wealth, says money expert, Bessie Hassan. When you are doing the sums, make sure you calculate all rental costs, such as bond and moving costs, as well as maintenance costs, strata and council tax associated with investing. 2. Buying with family Parents and older generations have long helped younger generations enter the property market, either by buying property for their offspring, or in recent times, acting as a guarantor for the loan. A family guarantor is a family member, usually mum or dad, who offer equity as security for the buyers loan. Families sometimes also pool resources to purchase a property. You will need to consider how the title will be structured. A joint tenant structure is one way of organising the title. This means if one co-owner passes away, the other owners will inherit their share. If youre going in together, parties need a clear written agreement, and ideally independent legal and financial advice is sought for everyone involved, so matters are above board. 3. Pocket Money Savings Plan Another option for entering the housing market, of course, is to save up the deposit yourself. With house prices as they are, a radical savings plan is needed. Author Emily Power recently shared her Pocket Monet Savings Plan, which is a very strict, and radical solution for saving up your deposit. Power recommends asking a trusted relative to receive your income in their bank account, and get them to give you access to a very limited weekly spending budget. Power has moved from stifling debt to a significant amount in savings over a couple of years, so she is now in a position to imagine purchasing her first home. If youre in the market for a new home, please give me a call to work out how you can break into the market.

23.01.2022 I love helping my first home buyers, it is such an exciting time for them and a pleasure being involved in their journey!

23.01.2022 Good news for our first home buyers WA government will be expanding Keystarts loan book to stimulate demand and allow more first home buyers the ability to enter the market. Please call me if you would like to see if you qualify for Keystarts low deposit home loan - 0402454617

22.01.2022 AS PROPERTY PRICES FALL, AUSSIE NERVES INCREASE .... Andrew Bartolo, Head of Home Loans at ME has a reassuring message : Theres little point worrying about what will happen to prices short-term if youre intending to live in a property long-term. Same goes for long-term investors, A new survey from ME reveals that the majority of recent property buyers are now worried about their purchase. For Aussies that purchased their property in the last three years, over 60% ar...e worried about losing money on a property and over 57% are worried about owing more than its worth. While only 15% of home owners who purchased over three years ago regret what they paid for their property. https://www.businessinsider.com.au/australia-property-marke

22.01.2022 What will Australias property market look like in five years?

22.01.2022 Im thrilled for every client I help obtain finance, but in particular this one. My little sister is in her first home and finally out of mine!

22.01.2022 ** 30/03/2020 ** Hi Guys We hope everyone is staying safe out there ... We know that the events unfolding across the country right now will have a massive impact on many people, especially many small business owners in our amazing little home in the South West. With the rapidly-changing situation around #Coronavirus and its associated impacts, we wanted to put together a quick summary on the recent stimulus package announced by the Australian Government over the weekend. The stimulus measures total $320 Billion (16.4% of Australias total GDP) - which is unheard of in recent history. To put that into context, the Australian Government response during the GFC in 2008/2009 totaled $52.4 Billion. The Coronavirus response announced so far is more than 6x the size Let that sink in for a moment and it will give you some idea as to the expected economic impact of border closures, business shut-downs and extended quarantine measures... Heres whats been announced so far. Well be updating this post with any further developments and as always, please give us a call if youd like to discuss how this impacts your own personal situation 2x separate $750 payments to social security and income support recipients First payment from 31/03/2020 Second payment from 13/07/2020 These payments will be further enhanced by State Governments placing a freeze on household expenses like electricity, water and motor vehicle charges. Existing financial hardship provisions will be relaxed, allowing people to access up to $10,000 before 30/06/2020, and a further $10,000 in the 2021 financial year These payments will be tax-free and will not affect Centrelink or Veterans Affairs payments This will apply to all Australians, and especially casual workers and sole traders whose income or hours have reduced by 20% or more as a result of COVID-19 Application is made through the ATO, via a streamlined declaration process and reduced paperwork - , . ( 30% 2020 ). - . The Job Seeker payment (previously Newstart) has been temporarily doubled (through a Coronavirus supplement) for the next 6 months Anyone eligible for the maximum Job Seeker payment will now receive more than $1,100 a fortnight Asset testing and waiting periods will also be waived for the Coronavirus supplement , , . ** 30/03/2020 ** Eligible employees will receive a minimum of $1,500 per fortnight, before tax. It will be up to the employer if they want to pay superannuation on any additional wage paid because of Job Keeper Payments. Eligible employees include Australian citizens, the holder of a permanent visa, a Protected Special Category Visa Holder, a non-protected Special Category Visa Holder who has been residing continually in Australia for 10 years or more, or a Special Category (Subclass 444) Visa Holder. Full-time and part-time employees, including stood down employees, would be eligible for the Job Keeper Payment. Where a casual employee has been with their employer for at least the previous 12 months they will also be eligible for the payment. You must be with an eligible employer (a business whos turnover has dropped at least 30% as a result of Coronavirus. Heres how it works - If you ordinarily receive $1,500 or more in income per fortnight before tax, you will continue to receive your regular income according to the prevailing workplace arrangements. The Job Keeper payments will subsidise part or all of your income. If you ordinarily receive less than $1,500 in income per fortnight before tax, your employer must pay you, at a minimum, $1,500 per fortnight, before tax. If you have been stood down, your employer must pay you, at a minimum, $1,500 per fortnight, before tax. If you were employed on 1 March 2020, subsequently ceased employment and then were re-engaged by the same eligible employer, you will receive, at a minimum, $1,500 per fortnight, before tax. Delivered from 01/05/2020 and backdated to 30/03/2020, processed through the ATOs Single Touch Payroll system Payments will continue for 6 months Cannot receive both the job seeker and job keeper payment (only one or the other will apply) , . 70% - (, ). The Big 4 (ANZ, Commonwealth, NAB & Westpac) have rolled out measures to help impacted clients Fixed rates between 1-3 years are now hovering around 2.29% - often significantly cheaper than equivalent variable rates . . . / - - This is mainly applicable for self-funded retirees. Minimum draw-down rates for retirees will be reduced by 50%, providing more flexibility around when and how retirees access their super - - 4% , 2%. - ( ) - . 6 12 , - . Deeming rates used to assess income support payments have been reduced by a total of 0.75% (0.5% reduction on 12 March, and a further 0.25% this week). This will essentially result in more income support recipients (including more than 565,000 Age Pensioners) receiving higher payments. - This measure applies to businesses with turnover < $50 Million. Employers will receive a refund of up to 100% on PAYG tax withheld on salaries and wages paid in the January-March and April-June quarters this year .. $100,000 $30,000 , . The minimum payment will be $10,000 and the maximum will be $50,000, processed as a credit in your normal Business Activity Statements (BAS) from 28 April A second payment will then be processed in the July-October quarter, matching the payments above The maximum you can receive under both payments combined is $100,000 . , . - ** ( ) ** Under the Job Keeper payment, businesses impacted by the #coronavirus will be able to access a wage subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum of 6 months. Employers will be eligible for the subsidy if: Their business has a turnover of less than $1 billion and their turnover will be reduced by more than 30 per cent relative to a comparable period a year ago (of at least a month); or Their business has a turnover of $1 billion or more (: ) and their turnover will be reduced by more than 50 per cent relative to a comparable period a year ago (of at least a month) The employer must have been in an employment relationship with eligible employees as at 01/03/2020, and confirm that each eligible employee is currently engaged in order to receive Job Keeper payments Not-for-profit entities (including charities) and self-employed individuals (businesses without employees) that meet the turnover tests that apply for businesses are eligible to apply for Job Keeper payments Eligible employees are employees who: Are currently employed by the eligible employer (including those stood down or re-hired) Were employed by the employer at 01/03/2020 Are full-time, part-time, or long-term casuals (a casual employed on a regular basis for longer than 12 months as at 01/032020) Are at least 16 years of age Are an Australian citizen, the holder of a permanent visa, a Protected Special Category Visa Holder, a non-protected Special Category Visa Holder who has been residing continually in Australia for 10 years or more, or a Special Category (Subclass 444) Visa Holder; and Are not in receipt of a Job Keeper payment from another employer. Delivered from 01/05/2020 and backdated to 30/03/2020, processed through the ATOs Single Touch Payroll system - , - .. 30/03/2020. ( ) . - Designed to encourage investment spending by businesses. Any business assets purchased before 30 June 2020, up to $150,000 can be claimed as an instant tax deduction against other business income This applies to all businesses with turn over of < $500 Million. & Business can apply for a wage subsidy up to 50% of the apprentice or trainees wage, for 9 months between 1 January and 30 September 2020 The maximum payment is $21,000 (or $7,000 per quarter) The Australian Banking Association (ABA) have announced that lenders will defer repayments on all business loans for a period of 6 months The assistance will be extended to any small business (defined as those owing less than $3 Million) and impacted by COVID-19 The Government has also announced it will step in to guarantee unsecured business loans up to $250,000 over a maximum 3-year term The Government is temporarily increasing the threshold at which creditors can issue a statutory demand on a company, as well as the timeframe in which a company must respond This part of the package also includes temporary relief (via an amendment to the Corporations Act) for directors for any personal liability for trading while insolvent

21.01.2022 Happy New Year! Lets get you back on track Christmas time and the summer holidays arent called the silly season for nothing. It may be a fun time of year, but it can also mean expenses pile up. So if youre feeling a bit burnt, dont despair! The new year is a great time to take stock of your finances and loans, and put a plan in place for good financial management throughout the year.... We saw many changes in the lending market in 2019. Official interest rates were cut three times; borrowing money is now cheaper than it has been for 70 years! Lending restrictions have eased slightly, so getting finance is a little easier. And lenders are competing for your business, which means some banks may offer new borrowers a lower rate to gain their custom. All this means that now is a great time to get in touch with me so that we can review your loan and make sure you are getting a competitive rate. I can help you determine if your loan is still suitable for your current financial circumstances and future plans, and we can talk about refinancing your loan if necessary. I can also provide advice on how to structure your loans and repayments in the most financially efficient way. For example, the current low-rate environment could be a great opportunity to start making additional payments on your mortgage. Please get in touch if you would like to discuss your current loan. I can certainly help you start 2020 knowing your money is working for you not against you!

20.01.2022 What are your thoughts on payday lenders? It has been estimated that over 800,000 Australian households have been adversely impacted by payday lending. Our blog... post has seven questions to ask yourself if you are considering a payday loan. https://www.keystart.com.au//payday-lenders-seven-question

18.01.2022 WA Property Update - June 2019 Im pleased to share with you the latest of Smartlines WA property update. In the video, CoreLogic presents for Smartline the latest housing data for WA. I hope you find the video of interest. Please contact me if you have any questions, need help with a home loan or would like your existing home loan reviewed.

18.01.2022 PROPERTY MARKET CONFIDENCE IS RISING AGAIN Type "WA economic outlook 2018" into Google and a quick read of the results suggest that, after several years in the doldrums, WAs economy recovery is gaining strength. Improving commodity prices, including iron ore, gold, and other precious metals, are helping drive recovery in the mining industry. This has also seen a resurgence in confidence for the many services that support the mining sector. ... Unemployment figures have seen a reduction over the past 12 months, as well as a return to WA of interstate workers seeking employment in these reviving industries. According to a recent Deloitte Access Economics WA Economic Outlook report, the upturn in prospects for Western Australias economy is gathering momentum. These findings are supported by the latest Survey of Business Confidence conducted by the Chamber of Commerce and Industry WA (CCI). CCI Chief Economist Rick Newnham said 75 percent of WA businesses are expecting the economy to improve or stay the same in the short term - the highest its been in seven years. With a growing economic outlook, reduced unemployment, and a revival in our States resource industries, an improvement in the real estate market is tipped to follow suit. WAs property outlook has been pretty grim for several years now but the industry believes the market has bottomed out and may now be starting to look up again. While it may be some time before we see a return to the boom times of previous years, if you are a first home buyer or investor, current market conditions may offer an ideal time to consider a property purchase. Whether you are looking to buy your first home, move home, refinance, or invest in property, please feel free to contact me for a no-obligation chat about your financial requirements

17.01.2022 RBA announcement Due to the unprecedented circumstances of COVID-19, the RBA has today announced a further rate cut of 25 percentage points. The official cash rate is now 0.25%. This rate cut is part of a range of policy measures that will help support the Australian economy.... You can read the full statement by Philip Lowe (RBA Governor) on the decision here. We are here to help you with all your lending needs during this difficult time. Please dont hesitate to get in touch. https://www.rba.gov.au/media-releases/2020/mr-20-08.html

16.01.2022 With the economic uncertainty that has come from the global spread of the virus, staying financially healthy is extremely important. Here are some things to con...sider to make sure you are staying financially healthy: 1. Make sure your lender is passing on the latest rate cut - discuss refinancing with your Adviser if you would like to secure a competitive deal. 2. If your income has been affected - you may be able to pause your loan or receive other financial assistance. Contact your lender to find out what options are available to you. 3. If you can, now is a great time to keep your repayments at pre-cut levels or make lump sum additional repayments on your loan. You will pay off your loan sooner and reduce the total interest you pay on the loan. 4. Our advisers are still available to provide expert mortgage advice or arrange a loan for you via video conference, phone, email or text. With interest rates at record lows, now could be a great time to get into the property market. Together we can help each other get through this difficult time. Get in contact with an Adviser here: https://www.smartline.com.au/how-we-help-you/talk-adviser/

16.01.2022 Broker Channel Hits New Heights! Nationally, the broker channel snagged its highest ever share of the Australian mortgage market for the quarter ending June 2019. It once again demonstrates the key role brokers play in ensuring that their customers continue to have access to credit during tight market conditions, Mike Felton MFAA CEO. Link to full article below.

14.01.2022 Finance Explained: Interest Rates

14.01.2022 We get a lot of questions about what genuine savings means and what we require as evidence of genuine savings. So we wrote a blog post about it. https://www.keystart.com.au//blog-ar/show-us-your-savings

13.01.2022 OFF-THE-PLAN DUTY REBATE The rebate is available to owner-occupiers and investors who enter into a pre-construction contract between 23 October 2019 and 23 October 2021 (inclusive) to purchase a new residential unit or apartment. The rebate applies to the transfer duty and foreign buyers duty surcharge (if applicable) paid on the agreement to purchase the unit or apartment.... The rebate amount is 75 per cent of the duty paid, capped at a maximum of $50,000. This amount does not include penalty tax or interest amounts paid on the transaction, or any legal or other fees incurred to recover unpaid tax. There is no cap on the purchase price or value of the unit or apartment. https://www.wa.gov.au//department-of/the-plan-duty-rebate

11.01.2022 Yesterday Smartline was awarded Australias Top Franchise for the 10th time since the awards began 11 years ago. Were extremely proud of our Advisers and everyone involved in the business. Its due to your hard work and commitment that weve become such a successful organisation.

11.01.2022 How Smartline can support you during the COVID-19 pandemic. As the global spread of coronavirus creates uncertainty around the globe, I wanted to let you know that here at Smartline, we are still open for business and I am ready to help and support you with all your lending needs. The health and wellbeing of our clients are paramount, so we have taken steps to make sure we can continue to provide a high level of service to our clients. While it is still very much a developing situation, many lenders are reviewing their existing financial hardship arrangements in light of the COVID-19 impacts. If you have any concerns at all regarding your ability to make loan repayments as a result of the effects of the COVID-19 pandemic, please give me a call to discuss.

11.01.2022 How can you improve your saving and spending habits to turn the property dream into reality?

11.01.2022 Mortgage brokers continue to offer choice to consumers and ensure credit continues to flow which is of systemic importance to the housing market and a strong economy. This result has occurred during a period of severe credit tightening with brokers stepping in to provide critical assistance in the redistribution of credit demand for those seeking home lending, Felton said.

09.01.2022 There has been some exciting data released - The mortgage broker market share has reached an unprecedented 59.1% of all residential loans! This would not have ...been possible without the support of our wonderful clients, so wed like to take this opportunity to thank each and everyone of you for your ongoing support. http://ow.ly/5v1y30nm9TE See more

08.01.2022 What a beautiful handmade thank you gift from my first home buyers S&JF . I truly love the excitement of being able to help people achieve that big step buying their first home!

07.01.2022 How a larger deposit could save you a bundle Its a common frustration for many home buyers to experience what feels like an endless struggle to save the deposit - normally 20% - while all the time, house prices seem to keep going up. And at Smartline, its our recommendation that you persevere until youre able to reach the required amount. ... But if patience isnt your strong point, under some circumstances, lenders will offer a loan with a lower deposit. However, to do that they may require you to pay lenders mortgage insurance (LMI). LMI protects the lender in the event that you default on your home loan. Should the lender need to sell your property to recover their funds, LMI makes up any shortfall. Its important to note though, LMI doesnt provide you with any protection - its there for your lenders protection only. As much as LMI might seem tempting to get you into your new home quicker, you should bear in mind that it may be a costly option. For example, a 10% deposit on a $500,000 loan could attract an LMI fee of around $13,000* or more. LMI can either be paid upfront or, included into the loan. However, paying the premium over the life of the loan means that it will cost more in the long term. So, how to avoid paying LMI? The obvious way is to keep saving until your home loan deposit brings your loan-to-value ratio (LVR) down to 80% or below. Another way to avoid LMI may be through a a family guarantee loan. This allows the bank to use some of the equity in property owned by a close family member (usually a parent) to help out as extra security for your loan. If youre in the market for home finance and you would like to know more about either LMI or family guarantee loan options, please do give me a call for a no-obligation chat. Im happy to advise, and as always, my service is at no cost to you.

07.01.2022 "Where did that year go?" How many times do you think youve said that recently...? Each year the time seems to be going faster and faster. With the start of a new year just around the corner, it must be time to start thinking about what you hope to achieve in 2019.

06.01.2022 Are you looking to buy a car? Our new partners Red Plum offer a service where they will compare and negotiate the best price possible for your dream car, at no costs to you. Please contact me if you are interested in finding out more information. We can also assist with motor vehicle finance.

05.01.2022 Mortgage Brokers have created more choice for customers by offering them greater access to a wider range of home loan lenders. Visit our website to learn more about the benefits you could receive by using Mortgage Brokers: brokerbehindyou.com.au #findafairerdeal #brokerbehindyou

05.01.2022 WA Property Update - September 2019

05.01.2022 Step 1: Dont get overwhelmed

03.01.2022 Wed all love to be mortgage-free

03.01.2022 Making a budget and why its essential As we move towards a cashless society, its alarming how easy it is to lose control of your finances. Why keep a budget? ... Having a budget gives you transparency and makes you accountable for your spending, helping you spend less and save more. You need to see what youre spending money on before you can work out where to limit your expenses and how you can save. If you can consistently stick to a budget, it acts like a road map for your finances, leading you along the path towards achieving your goals. A budget will also give you the security of knowing exactly how much spare money you would have should life throw you a curveball if you lose your job, go through a relationship breakdown, or face illness or injury and help you manage these events financially. How to make a budget ? 1. Determine your current income, spending patterns and debts. Go through your bank and credit card statements for at least the last six to 12 months, accounting for any annual expenses. Make sure you take into account tax and super payments when determining your income. 2. Compare what you are earning to what you are spending to determine how much you are saving weekly, monthly and annually. How does this compare to your financial goals? Do you want or need to make a change? 3. Set up your new budget. Are there costs you can reduce or get rid of? For example, can you reduce your power usage, food purchases, entertainment or leisure costs? Review your phone, internet, utility and insurance plans to see if you can find a better deal. While you should cut down on things you dont need, also be realistic only you know whether you will be able to stick to it. Smartline has a very handy Budget Planning Calculator that takes you through the process step by step. Once youve done it the first time, its very easy to maintain.

01.01.2022 What an amazing gift, being able to help first home buyers with finance is already enough of a perk to the job. AS & CB thank you! Perfect way to kickstart the weekend