Top Stories in Australian Home Ownership April 24, 2018

Today's trending stories in Australian home ownership and Home Loans. Sydney's luxury downsizers are snapping up homes in prime suburbs Due to the strong value growth in Sydney's hot property market, many cashed-up downsizers are setting their sights on low-maintenance properties in prime locations in the city. According to Peter Kelaher, buyer's agent from PK Property, many luxury downsizers are looking for single-level homes and... Property investors more likely to support foreign inves...
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Top Stories in Australian Home Ownership April 23, 2018

Today's trending stories in Australian home ownership and Home Loans. ‘Don’t kill the golden goose’: When you should transform your home into an investment property When it comes time to upgrade, homeowners may be wondering whether its possible toholdonto their property and convertit into an investmentinstead ofselling. Accumulating multiple propertiesis considered an effective way to build wealth,as capital growth is amplified and the former home can provide an additional income stream. Howeve...
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Top Stories in Australian Home Ownership April 22, 2018

Today's trending stories in Australian home ownership and Home Loans. How charities are benefiting from Sydney’s five-year property boom Boomers, punters and property moguls havent been the only groups to benefit from Sydneys five-year property boom charities are also seeing a windfall from homes bequeathed to a good cause. The number of bequests is increasing, but the value of them as well is increasing as property prices rise, said Guide Dogs NSW/ACTs general manager of planned giving, Sally...
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Top Stories in Australian Home Ownership April 21, 2018

Today's trending stories in Australian home ownership and Home Loans. Broker pens open letter to journalist A mortgage broker from Melbourne has invited journalist Scott Pape for a coffee after his critical article on brokers. Vincent Moore, a 26-year-old broker at Entourage finance, wrote the open letter on LinkedIn after Pape sent out an email with his thoughts. Pape's article, published on the Herald Sun,... Generation X struggle most in repayments He added, Instead of regularly checking wh...
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Top Stories in Australian Home Ownership April 20, 2018

Today's trending stories in Australian home ownership and Home Loans. Housing affordability improves in most capitals ... 2018 due to easing house prices, according to the Housing Industry Association's (HIA) Affordability Index for the March 2018 quarter. The index is calculated for each of the eight capitals and regional areas on a quarterly basis and takes into account the latest dwelling prices, mortgage interest rates,... House prices lose control to global forces, experts say For many ho...
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Top Stories in Australian Home Ownership April 19, 2018

Today's trending stories in Australian home ownership and Home Loans. Are property investors setting their sails to South Australia? With the stagnant markets of Melbourne and Sydney, property investors and home seekers are now setting their eyes on South Australia to enjoy its thriving housing market. Adelaide has been enjoying a slow yet steady price growth in the recent years, seemingly immune from the cooling and heating of... Regulation behind increasing home loan rates The bank has annou...
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Top Stories in Australian Home Ownership April 18, 2018

Today's trending stories in Australian home ownership and Home Loans. New report on banking reforms affecting commissions A report released today shows the progress of a reform which is set to abolish mortgage broker commissions directly linked to loan size. Independent governance expert Ian McPhee AO PSM released the report on April 17 after monitoring the Better Banking Reform Program for the last two years. RBA talks up rise in rates, but not just yet The RBA also said Sydney house prices h...
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Top Stories in Australian Home Ownership April 17, 2018

Today's trending stories in Australian home ownership and Home Loans. Foreclosure/Joshua T Brevik PURSUANT, to the power of sale contained in said mortgage, the above described property will be sold by the Sheriff of said county as follows: DATE AND TIME OF SALE: June 6, 2018 at 10:00 AM. PLACE OF SALE: Polk County Sheriff's Office, 600 Bruce Street, Crookston, Minnesota. to pay the debt... One in two Aussie home buyers are overspenders When it comes to purchasing a property, a survey of Austr...
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Top Stories in Australian Home Ownership April 16, 2018

Today's trending stories in Australian home ownership and Home Loans. Key workers ditch Sydney, flock to other NSW cities They are forced out of Sydney and are looking at moving to Orange, Dubbo or Wagga Wagga, where their mortgage payments are a third of what they'd be in Sydney, Ward said. According to figures from View.com.au, Sydney's median house price have climbed to $878,325 in March, significantly... The sustainable Michael Mobbs house in Chippendale is off-the-grid and up for rent Its...
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Top Stories in Australian Home Ownership April 15, 2018

Today's trending stories in Australian home ownership and Home Loans. Kings Cross cashes in on well-heeled demand as media vereran Steve Askew scores $10 million buyer for penthouse As Kings Cross closes the doors on its strip joints and nightclubs, well-heeled locals can at least console themselves that their real estate is scoring top sales among Sydneys corporate elite. Ask media veteran and cryptocurrency boss Steve Askew, who after about four years on and off the market seeking a $10 milli...
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Top Stories in Australian Home Ownership April 14, 2018

Today's trending stories in Australian home ownership and Home Loans. Sydney most challenged property area in country The first Property Outlook report from realestate.com.au shows a huge drop in demand in Sydney Mortgage group continues fight to provide meals A mortgage franchise is helping millions of vulnerable Australians gain access to meals with a continuing partnership. Aussie Home Loans has extended its commitment to the group until 2020, after it began its support two years ago. Over ...
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Top Stories in Australian Home Ownership April 13, 2018

Today's trending stories in Australian home ownership and Home Loans. Brokers split on possible regulation change A survey has revealed just how many mortgage brokers are concerned about the public perception of their industry. More than ... Seventeen percent said the focus on brokers was 'unfortunate' but also 'self-inflicted as there were rogue mortgage brokers in the past that damaged the industry's reputation'. Home loan demand continues to fall Home loan demand continued to fall in Februa...
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Top Stories in Australian Home Ownership April 12, 2018

Today's trending stories in Australian home ownership and Home Loans. Aussies make impulsive homebuying decisions, poll finds When buying properties, it seems like Australians are spending less time than it takes to watch a movie. According to a survey by ME Bank, 58% of property buyers spend less than an hour inspecting the home they eventually purchased -- only to find out later that the property has some issues including... Analysts weigh in on the future of the Australian housing market An...
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Top Stories in Australian Home Ownership April 11, 2018

Today's trending stories in Australian home ownership and Home Loans. House prices more globally in sync: report A new analysis by the International Monetary Fund has found house prices are showing a greater tendency to move in tandem across countries and major global cities, ... The IMF says rising house prices have been a feature of the economic recovery in many countries since the global financial crisis. Are borrowers ditching fixed-rate mortgages? Citing figures from industry firm Mortgag...
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Top Stories in Australian Home Ownership April 10, 2018

Today's trending stories in Australian home ownership and Home Loans. Nearly one million households are in mortgage stress Nearly one million Australian households are estimated to be in mortgage stress, according to Digital Finance Analytics' Mortgage Stress Update for March 2018. Across the country, more than 956,000 households (30%) are estimated to be suffering from mortgage stress, up from last month's 924,500. State governments need to better leverage planning power to boost affordable h...
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