Top Stories in Australian Home Ownership January 19, 2018

Today's trending stories in Australian home ownership and Home Loans. Positive sentiment in households with a mortgage rose in January The latest data from the Westpac Melbourne Institute Index of Consumer Sentiment shows that Aussies are feeling more confident about themselves. The headline Consumer Sentiment Index increased by 1.8% to 105.1, the highest recorded level since December 2013. A reading of 100 is considered... HSBC Australia unveils lowest home loan rate In the effort to help hom...
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Top Stories in Australian Home Ownership January 18, 2018

Today's trending stories in Australian home ownership and Home Loans. Housing affordability surges in WA ... in Sydney and Melbourne cool, although in New South Wales home owners still pay an average of 36.1 per cent of their family income on home loan repaymentssignificantly more than West Australians do, Groves said. While the dream of home ownership remains a challenge on the East Coast,... Bank of mum and dad among the top 10 lenders in Australia The number and value of loans made to first...
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Top Stories in Australian Home Ownership January 17, 2018

Today's trending stories in Australian home ownership and Home Loans. HIA: It's high time stamp duty was reformed Stamp duty bills have increased nearly three times faster than house prices since the 1980s, and this trend will continue unless stamp duty is reformed, according to the ... In this way, stamp duty increases mortgage repayments by $1,247 per year equivalent to over $37,000 over a 30-year loan term. Moody's: Home loan arrears are declining Home loan arrears declined from ...
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Top Stories in Australian Home Ownership January 16, 2018

Today's trending stories in Australian home ownership and Home Loans. Tech innovations will transform property in 2018 While 2017 saw major technological changes impact the mortgage and property industries, this year could see even more monumental changes, according to ... In the mortgage and property industries, voice-activated apps will guide buyers through their mortgage applications, filling in forms for them,... Broking industry defends lending and remuneration practices Members of the mo...
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Top Stories in Australian Home Ownership January 15, 2018

Today's trending stories in Australian home ownership and Home Loans. Should negative gearing be abolished? Lower house prices boost affordability, as both the downpayment required for mortgages and the transaction costs associated with home purchases decrease. This particularly benefits those low-income credit constrained households who were at the margin of being homeowners, and the improvements... Should over-extended households pay down their debts? With national housing prices softening a...
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Top Stories in Australian Home Ownership January 14, 2018

Today's trending stories in Australian home ownership and Home Loans. Bannockburn: A town in demand as buyers move from Melbourne and Geelong, but can it keep up? Its 10 in the morning, and mums with prams are tussling to find a comfortable spot to sit. Despite the robust crowds, this isnt an inner Melbourne coffee house its Le Due Sorelle Cafe on High Street, the main road of Bannockburn. The rural township 93 kilometres south west of Melbourne founded in the 1850s was once a coaching stop, w...
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Top Stories in Australian Home Ownership January 13, 2018

Today's trending stories in Australian home ownership and Home Loans. Suburbs where residents are saving $50-plus a week buying vs. renting Typical Wellington rent is $240 per week while paying down a mortgage on a home at the town's $149,000 median house price was $97 cheaper at $143 per week. The savings for buyers in Tamworth ranged from $60 to $69 a week, while in Wagga purchasing a home was roughly $50 cheaper. Wells Fargo 2018 expense guidance in line with expectations (Reuters) - Wells ...
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Top Stories in Australian Home Ownership January 12, 2018

Today's trending stories in Australian home ownership and Home Loans. Climate change brings bad news for property owners Australians residing in climate change hotspots should brace themselves not only for extreme weather events but also for slipping home values and soaring insurance premiums. According to a report on the New Daily, experts said home values in climate change hotspots could start to slump as... Morgan Stanley: Expect more declining prices this year Morgan Stanley said the subse...
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Top Stories in Australian Home Ownership January 11, 2018

Today's trending stories in Australian home ownership and Home Loans. Home lending in Australia echoes US subprime mortgage crisis Australia's lending industry is skating on thin ice as it appears to be ignoring the consequences of the US subprime mortgage crisis, warns Richard Holden, professor of economics at the UNSW Business School. I don't know if there's a bubble in the Australian housing market, but there are some very... NSW property industry loses crown to Victoria as confidence drops...
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Top Stories in Australian Home Ownership January 10, 2018

Today's trending stories in Australian home ownership and Home Loans. Australian households reeling from mortgage stress New figures from the Digital Finance Analytics reveal that an increasing number of Australian households are feeling pressured by mortgage stress. The research firm's December data shows that there were an estimated 921,000 households (about 29.7%) under mortgage stress in the month of... Perth's median house price remains stable Over the past six months we have consist...
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Top Stories in Australian Home Ownership January 9, 2018

Today's trending stories in Australian home ownership and Home Loans. Negative gearing attack a lie: ALP Opposition Treasury spokesman Chris Bowen said the documents exposed the Coalition attack campaign. The Prime Minister and the Treasurer talked about a 'sledgehammer' on house prices, a 'housing crash' and a sledgehammer impact on the economy, he said. We knew that that scare campaign... Revealed: the Turnbull government ministers who could benefit from negative gearing rules He and his wif...
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Top Stories in Australian Home Ownership January 8, 2018

Today's trending stories in Australian home ownership and Home Loans. Nearly a third of Australian households suffer mortgage stress – study Household debt continues to rise to new record levels Record debt threatens economy The Reserve Bank's analysis shows that despite record debts, spending on mortgages still accounts for only an average of 7.2 per cent of all household incomes across the population, which is the same as in 2004 when mortgage rates were above 7 per cent. The Reserve Bank ha...
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Top Stories in Australian Home Ownership January 6, 2018

Today's trending stories in Australian home ownership and Home Loans. The cheapest beach spots within a three-hour drive of Sydney Ever dreamt of buying a weekender within a three hour drive of Sydney? The latest data reveals both good news and bad. The good news is that it could be much cheaper than you might imagine; the bad is that you should act fast. Prices of property by the coast both north and south of the city are far more affordable, but theyre rising sharply. Take Anna Bay in the Por...
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Top Stories in Australian Home Ownership January 5, 2018

Today's trending stories in Australian home ownership and Home Loans. How does your portfolio compare to the average investor? The 2017 Property Investor Sentiment Survey showcases insights from over 2200 property investors and would-be investors across the country. Running since 2011, it offers rich and vibrant insights into how property consumer trends and sentiments have changed over time. The full survey can be read... Rents post double-digit price growth in top suburbs on eastern seaboard...
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Top Stories in Australian Home Ownership January 4, 2018

Today's trending stories in Australian home ownership and Home Loans. Predictions for 2018: another bull run, another record sale but few foreigners Sydneys ultra-prestige home owners areexpected to enjoy another strong run in 2018 to match this years bull market despite a predicted slowdown in the broader housing market.... Which pets are the best for renters? Owning a pet while renting isnt without its challenges, as pet-friendly properties are rare and in high demand. A large part of the re...
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