Top Stories in Australian Home Ownership December 16, 2017

Today's trending stories in Australian home ownership and Home Loans. Gunpowder Capital Corp., Continues to Grow Real Estate Base The Corporation funded the purchase by making a Seventy Nine Thousand Dollars ($79,000.00) CDN down payment and by securing a five year fixed rate mortgage from a major Canadian financial institution. The mortgage bears interest at a rate of 3.1% per annum and is being amortized over a 25... ASX chief Dominic Stevens buys $21 million mansion in Bellevue Hill Late se...
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Top Stories in Australian Home Ownership December 15, 2017

Today's trending stories in Australian home ownership and Home Loans. Melbourne's dwelling price growth could hit 12% next year Despite data from CoreLogic showing a 0.4% decline in the value of units, townhouses, and semi-detached dwellings in the three months to September, the Victorian property market is benefiting from population growth and incoming migrants. More recent data from CoreLogic shows that Melbourne... Interest-only loans growing threat to banks Higher mortgage rates and t...
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Top Stories in Australian Home Ownership December 14, 2017

Today's trending stories in Australian home ownership and Home Loans. Canberra housing market poised for another stellar year "During the five months to October, first-home buyers have accounted for about 20% of the owner-occupied mortgage commitments financed. This has provided the highest entry-level participation rate since 2013," Powell noted. Powell said market buoyancy and renewed confidence are projected to... RBA: First-time homebuyers can't afford Sydney The Australian property m...
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Top Stories in Australian Home Ownership December 13, 2017

Today's trending stories in Australian home ownership and Home Loans. Why a soft landing for housing is entirely feasible But again, it's important to remember that Sydney's disproportionate size, and staggeringly high house prices, will account for a very large part of that fall if it happens. And the really big question is not whether a few over-leveraged investors lose their shirts, but whether the real economy will be ravaged... Most homeowners with mortgages couldn’t handle a minimum rate...
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Top Stories in Australian Home Ownership December 12, 2017

Today's trending stories in Australian home ownership and Home Loans. Do APRA's measures ease the risks in new mortgage lending? The Australian Prudential Regulation Authority (APRA)'s recent measures seem to be effective in easing the dangers in new mortgage lending. Citing data released by APRA for the September quarter, CoreLogic head of research Cameron Kusher said Australia's authorised deposit-taking institutions... New report asks ACCC to examine interest-only mortgages The committ...
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Top Stories in Australian Home Ownership December 11, 2017

Today's trending stories in Australian home ownership and Home Loans. Lending to investors rose slightly in October The total value of home loan lending rose modestly in October, recovering from a sharp decline in September, according to the Australian Bureau of Statistics' (ABS) housing finance data for October. The value of lending rose 0.6% to $32.503bn in October in seasonally adjusted terms. Compared to a... The dangers of analysing past performance Fifty-six percent of property investors...
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Top Stories in Australian Home Ownership December 10, 2017

Today's trending stories in Australian home ownership and Home Loans. One in six Sydney homeowners withdrew homes from auction in November Sydney homeowners are losing confidence in the auction market, with the proportion of sellers withdrawing their properties from auction surging in November. Last month one in six sellers got cold feet and called off their auction almost twice the rateof apprehensive homeowners during thesame time last year. Its the most deflated homeowners have been in at le...
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Top Stories in Australian Home Ownership December 9, 2017

Today's trending stories in Australian home ownership and Home Loans. House of the week: Big, bold and beautiful in Brighton How do we love thee, Melbourne? Well, let us count the houses weve seen this year. The big, the bold, the beautiful. The classy, the quirky, the quietly confident. Heres yet another of our favourites and our last for whats been a stellar year in prestige property.... Palm Beach ends 2017 on a $12 million-plus high The Palm Beach property market might be winding down for ...
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Top Stories in Australian Home Ownership December 8, 2017

Today's trending stories in Australian home ownership and Home Loans. Bank probe to include payday lenders Payday lenders and mortgage brokers will make up part of the remit of the royal commission into the banking and financial services sector. This will take focus of the year-long inquiry beyond the four big banks, one of the criticisms levelled at the Turnbull government when the royal commission was first... Smart Cities Plan data leaves Bendigo trailing in employment growth, median income...
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Top Stories in Australian Home Ownership December 7, 2017

Today's trending stories in Australian home ownership and Home Loans. More first-home buyers are entering the property market The proportion of median family income required to meet average loan repayments dropped by 1.2 percentage points over the quarter to 30.3%. This is a decrease of 0.6 percentage points compared with the same quarter last year. Malcolm Gunning, president of the Real Estate Institute of Australia... 4 factors that could lead to a property market crash "The problem is, the ...
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Top Stories in Australian Home Ownership December 6, 2017

Today's trending stories in Australian home ownership and Home Loans. ACT's property market records stellar November turnout November has been the biggest real estate month for the Australian Capital Territory (ACT)'s property market, as it recorded the highest monthly auction volume of the year. The Sydney Morning Herald reported that there were 509 auctions in the Canberra region in November, 62% higher than the 314... Wells Fargo CEO sees better commercial loan results in fourth quarte...
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Top Stories in Australian Home Ownership December 5, 2017

Today's trending stories in Australian home ownership and Home Loans. RBA set to maintain interest rate National Australia Bank chief economist Alan Oster said while macro-prudential measures have eased investor lending and cooled house prices, the central bank has a shrewd understanding of households' sensitivity to rate rises. While calls for the RBA to address the growing level of household debt... Experts predict build-to-rent revolution coming to Australia But this is not the end of home ...
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Top Stories in Australian Home Ownership December 4, 2017

Today's trending stories in Australian home ownership and Home Loans. How will the Royal Commission affect interest rates? Turnbull's decision to greenlight the inquiry came after a series of scandals including allegations of mortgage fraud, dodgy financial advice, and life insurance improprieties ignited public anger and prompted all levels of government to ask Canberra to take action. Will the Royal Commission push... Australian opinions divided over home prices As property owners traditio...
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Top Stories in Australian Home Ownership December 3, 2017

Today's trending stories in Australian home ownership and Home Loans. NSW government launches new investigation into ‘sunset clawbacks’ Normal 0 false false false <w:DoNotPromote... YIMBY: The pro-development movement that’s made its way to Melbourne Its the great Australian dream a home of your own with a big backyard. So when high-rise apartment buildings go up in those backyards, people start to get a bit, well, defensive. Protests and letters to c...
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Top Stories in Australian Home Ownership December 2, 2017

Today's trending stories in Australian home ownership and Home Loans. Neighbourhoods: Keeping it practical in Middle Park Its a prosaic name with a practical purpose. Middle Park was named not for an early pastoralist; nor is it an Indigenous word meaning valuable real estate. The simple explanation is its railway station, opened in the 1880s, was midway along the boundary of Albert Park Reserve.... Juanita Phillips buys Avalon Beach house for $2.7 million ABC star news presenter Juanita Phill...
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