Top Stories in Australian Home Ownership February 17, 2018

Today's trending stories in Australian home ownership and Home Loans. Bellevue Hill trophy sale of $19 million just the latest in spate of secret deals Agents in Sydneys harbourside neighbourhoods have resorted to door-knocking homeowners in key areas as tight stock levels at the top end again become the hallmark of Sydneys prestige market. The result is more off-market sales with buyers and vendors negotiating directly on price, often for much more or less than true market value. Leading the o...
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Top Stories in Australian Home Ownership February 16, 2018

Today's trending stories in Australian home ownership and Home Loans. Banks unfairly deny mortgages to African-Americans and Latinos African-Americans and Latinos are being disproportionately denied mortgage loans from eight major banks in comparison with white Americans. The disparity points to a ... In Washington DC, all four racial groups were significantly more likely to be denied a home loan than whites. In Southern cities... Banks will have to set aside more capital against interest-only...
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Top Stories in Australian Home Ownership February 15, 2018

Today's trending stories in Australian home ownership and Home Loans. Buyers’ agent fined for failing to disclose faults with Moonee Ponds property A Melbourne buyers agent has been ordered to pay over $80,000 for failing to warn clients of a property flaw. Prime Estate Pty Ltd broke a promise to have a lawyer look over the contract of sale when buying a Moonee Ponds house on behalf of a couple in Singapore. Hed managed two investment properties for the couple since 2008 and they were looking t...
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Top Stories in Australian Home Ownership February 14, 2018

Today's trending stories in Australian home ownership and Home Loans. Two Melbourne suburbs had the highest number of bankruptcies in 2017 The Melbourne suburb of Craigieburn had the third highest rate of people declaring bankruptcy as a result of mortgage stress and lacklustre wage growth in 2017, according to a new report from the credit information bureau Illion (formerly Dun Bradstreet). Eighty-eight people in Craigieburn recorded... Hobart rises to become the fastest capital city housing...
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Top Stories in Australian Home Ownership February 13, 2018

Today's trending stories in Australian home ownership and Home Loans. Opinion | Affordability a key issue for 2018 | Jane Fitzgerald Of particular concern is the percentage of households under mortgage stress, which occurs where more than 30 per cent of the combined household income is spent paying the mortgage. In Newcastle, 5.3 per cent of households are in mortgage stress and the percentage is higher for those paying rent,... Lenders developing alert systems to monitor struggling borrowers ...
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Top Stories in Australian Home Ownership February 12, 2018

Today's trending stories in Australian home ownership and Home Loans. Auction watch: Cook home astounds at auction Canberras temperature was not the only thing that was hot over the weekend, with auction sales soaring above suburb median house prices. In Cook, <a href="https://www.allhomes.c... Bank of Queensland backs review of APRA's home loan caps Restrictions on the mortgage market should remain under "constant review" as debate shifts towards how regulatory curbs on home...
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Top Stories in Australian Home Ownership February 11, 2018

Today's trending stories in Australian home ownership and Home Loans. Thousands of Victorians evicted into homelessness amid competitive rental market Chief executive Jenny Smith said higher rents flowed on from higher house prices, impacting people on low incomes. ... is then reducing the number of properties available to people on low incomes, because people on middle incomes are renting them to save money to get into the mortgage market.. Thousands of Victorians evicted into homelessness am...
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Top Stories in Australian Home Ownership February 10, 2018

Today's trending stories in Australian home ownership and Home Loans. Richard Gu’s AXF Group pulls out of another Sydney home after failing to buy Cate Blanchett’s home Chinese property developer Richard MingfengGu made his name in Melbourne as one of the rising stars in property development, butin Sydneys property circles his family company isbetter known for defaulting on the $19.8 million purchase of Hollywood star Cate Blanchetts Hunters Hill mansion.... Spread of $1m-plus suburbs reaches ...
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Top Stories in Australian Home Ownership February 9, 2018

Today's trending stories in Australian home ownership and Home Loans. Mortgage interest rates continue to rise despite a stagnant cash rate The cost of servicing a mortgage for most Aussies has risen at its fastest rate in more than seven years despite the Reserve Bank's 16-month freeze on the cash rate, according to the latest cost of living data from the Australian Bureau of Statistics (ABS). Interest charges on mortgages for employed... New online tool helps NSW homeowners check insurance c...
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Top Stories in Australian Home Ownership February 8, 2018

Today's trending stories in Australian home ownership and Home Loans. Who needs food when you can eat debt House prices are rising while wages stagger further behind, leaving Australian households established and otherwisewith immense hurdles and ... cent) of those who have experienced food insecurity in the last 12 months have been unable to buy food because of their rent or mortgage payments.. APRA's home loan curbs cost taxpayers $500 million "APRA's actions to slow new lending in what...
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Top Stories in Australian Home Ownership February 7, 2018

Today's trending stories in Australian home ownership and Home Loans. Women are more willing to invest in property than men These days, women are outpacing men in the property market on many fronts. Not only do more women own their own homes than men, they're also more likely to be active in the housing market in the near future, according to Westpac's latest Home Ownership Report. Westpac's data, which was based... 'Four pillars' policy under fire from Productivity Commission APRA's...
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Top Stories in Australian Home Ownership February 6, 2018

Today's trending stories in Australian home ownership and Home Loans. Regulators mull easing lending restrictions Last year, APRA limited the flow of interest-only loans to 30% of new mortgage loans. It also introduces a 10% annual growth cap on ... According to CoreLogic, Sydney house prices have already declined by 3.1% since the market's peak in July. Melbourne prices, on the other hand, have flattened out... ME Bank: The overall financial comfort of Aussies has stalled Rather worryingly, m...
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Top Stories in Australian Home Ownership February 5, 2018

Today's trending stories in Australian home ownership and Home Loans. Key workers shut out of Sydney: report "Australia's key workers are increasingly locked out of home ownership, particularly in the metropolitan housing markets of Sydney and Melbourne," the report said. "High house prices and rents are 'pushing out' some of Sydney's key workers." Port Stephens, Lake Macquarie, Maitland and Cessnock are... New rules could discourage off-the-plan buyers The Australian government's strategy to ...
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Top Stories in Australian Home Ownership February 4, 2018

Today's trending stories in Australian home ownership and Home Loans. ‘I was just so scared’: New push to help Victorian domestic violence victims end leases Three weeks after Maylin Pieda moved in with her partner a man she had known for five years everything in their relationship changed. He was swearing at me, pushing me, spitting at me, she says. He had packed a bag when I called the cops, and the moment I turned my back, he hit me with the full bag and I fell and hit my head on the door. ...
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Top Stories in Australian Home Ownership February 3, 2018

Today's trending stories in Australian home ownership and Home Loans. Ontario revokes mortgage broker BDMC license over risky investments TORONTO (Reuters) - Ontario's financial regulator said on Friday it has revoked the license of mortgage brokerage Building Development and Mortgages Canada Inc (BDMC) and Vince Petrozza, a co-founder of a related firm, Fortress Real Developments, following an investigation into risky syndicated... Socialite Nellie Tilley pockets $6 million for her Double Bay...
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