Top Stories in Australian Home Ownership April 4, 2017

Today's trending stories in Australian home ownership and Home Loans. Townhouses achieve record prices across Melbourne as demand heats up Riding Highett: the suburb finding Bayside status Why Hamptons come a long way <a href="http://www.theage.com.au/victoria/leafy-suburbs-forced-to-squeeze-in-more-homes-under-new-planning-blueprint-20170311-... Runaway house prices put ownership dreams on hold Runaway house prices put ownership dreams on hold .... and said he felt "blessed" t...
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A Super Simple method to your Budget under Control and get back in the black

This is so simple it's just wonderful, no laptops, no spreadsheets, no headaches, just a simple no fuss way to get control over your finances. Watch and see how simple this is: https://www.youtube.com/watch?v=FsxPcgj5MDA For many people the simple way is the best way to start, if you don't know where your money is going every month, that's a big problem. It can be a real headache to sit down at a computer after a long days work and type in amounts from dockets, or worse, from memory, espe...
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Interest Only Home Loans – for Investors or Everyone?

There's been a lot of talk about this type of loan structure lately, with industry heavyweights such as John Symonds (Aussie Home Loans) and Mark Bouris (Yellow Brick Road) weighing in on the topic. Symonds went as far as calling for a ban this type of loan, whereas many, such as Bouris consider it effective when used correctly, in tandem with professional financial advice. With a normal loan, each monthly payment would consist of an amount that's paid off the debt (principle) and the interes...
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9 Million New Homes To Meet International Report Projections

“Australia will need more than 9 million new homes to meet the needs of the population projected in the Intergenerational report released today,” Wilhelm Harnisch CEO of Master Builders Australia said. “The nation will need to more than double its current housing stock over the next 40 years to accommodate the expected 1.3 per cent in annual population growth,” he said. “The key challenge will be to tackle intergenerational housing affordability in order to preserve home ownership as a fun...
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Sydney land prices now rising faster than houses

21 February 2015: Sydney’s median residential land price increased by 19.7 percent over 2014 and the city clearly remains the most expensive of all the state capitals, according to data from the Domain Group. The December quarter median land price of $390,000 was well ahead of Melbourne at $245,000 and Brisbane $237,950. Dr Andrew Wilson, Senior Economist, Domain Group, commented; “Sydney’s annual land prices increased at the fastest rate in over a decade and recorded stronger growth than...
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Introducing ‘Mortgage Contests’ – Disruptive Innovation hits the Mortgage market

I can imagine that when your hear of contests you probably thing about winning some kind of prize, and that's not an uncommon form of promotion when it comes to mortgages, I'm sure you have seen all kinds of giveaways to try and lure you into a deal. Today what we're talking about is something very interesting, this is real progress, what many of my tech friends label as 'disruptive', a definition of something that breaks the old model of business and brings better service, more efficient ser...
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This Week in Mortgage News

Centrelink reverse mortgage scheme is just for the wealthy A little-known government reverse mortgage scheme trumps those offered by the private sector in many respects, but curiously, the government scheme is only available to better-off retirees. Read more: http://www.theage.com.au/money/super-and-funds/centrelink-reverse-mortgage-scheme-is-just--for-the-wealthy-20141002-10p4tt.html Home loan interest rates continue to fall on fixed and variable mortgages, but be ready for a rise Savvy h...
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Making News this Week

CUA calls for mortgage capital rules to be fairer CUA, the nation’s biggest credit union, has singled out evening up mortgage capital rules as the key competitive issue for the Murray financial system ­inquiry to address, arguing the big four banks have too big an advantage. read more Adelaide mortgage broker Malcolm Royce Jones jailed for $170K theft An Adelaide mortgage broker who stole $170,000 from a client has been jailed for more than two years. Malcolm Royce Jones, 52, pleaded guilty...
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Making News this Week

Some of the headlines in the mortgage world this week: Don't mess with cheap loan scheme: REIWA read more Struggling first home buyers and high-risk borrowers could be pushed out of the market if the West Australian government privatises its cheap loan scheme, an industry group says. Consider opt out costs when getting a loan read more When getting a home loan, particularly with the current tempting low fixed term interest rates on offer, the Consumer Action Law Centre has advised borrow...
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Making News This Week – 27/6

Give mortgage brokers the respect they deserve: MFAA Read More The MFAA has demanded that APRA back down from its claim that third-party loans are riskier than loans from other sources. The MFAA has now responded with an official submission that calls for APRA to withdraw such comments from its final version of the guide. Housing costs, mortgage stress in Perth cripples families Read More A recent survey reports that thirty per cent of WA Speaks respondents said they were lucky to have $100...
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Making News this week

Financial institutions offering older Australians home loans that will leave them in debt until they’re 105 About 90 per cent of all loans have no age restriction and the 10 per cent that do are restricted to people aged from 65 to 75, new data by comparison website RateCity found. http://www.heraldsun.com.au Banks more cautious on high-risk home loans Banks have been winding back the number of mortgages with deposits of less than 5 per cent, adding to signs lenders might have become more w...
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Whats Making News this Week

Heres a roundup of whats making headlines this week: Mortgage brokerage on top Broker News Australia Aussie Home Loans took out the Mortgage Broker of the Year award for the seventh year running at the 2014 Asia-Pacific Banking & Finance Magazine Awards. Pending Home Sales Miss Expectation Business Insider Australia Pending home sales climbed 0.4% month-over-month in April. This missed expectations for a 1% rise. On the year, pending home sales were down 9.4% worse than expectation...
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