Top Stories in Australian Home Ownership April 9, 2018

Today's trending stories in Australian home ownership and Home Loans. Analyst slams Di Natale's 'People's Bank' Instead of helping more homebuyers enter the property market, Greber says the plan is likely to drive up house prices even further and create more barriers to homeownership. ... Those deemed eligible for a home loan would be able to borrow up to 60% of the value of the property directly from the RBA. Loan 'overrides' worry APRA ... of the erosion of lend...
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Top Stories in Australian Home Ownership April 8, 2018

Today's trending stories in Australian home ownership and Home Loans. Home loan customers urged to check their interest rate twice a year to save Mortgage and Finance Association of Australia chief executive officer Mike Felton said borrowers should review their loan twice a year. You need to be alert of what interest rates and fees are available in the industry,'' she said. Sometimes the best deal isn't always the home loan with the lowest interest... Auction watch: 1960s Griffith home on Jan...
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Top Stories in Australian Home Ownership April 7, 2018

Today's trending stories in Australian home ownership and Home Loans. NAB fraud review: pay rates drove dodgy loans Westpac chief executive Brian Hartzer this week said generous commissions for mortgage brokers could be done away with. According to the documents made public this week, NAB's review of the fraud ring found that bankers were double-dipping on bonuses by duplicating and postdating deals. Profits versus popularity - the dilemma for banks It is an unpopular move but doesn't generall...
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How to keep your mortgage interest rate down with an offset account

Watching your mortgage repayments go toward a mountain of interest can be depressing, but you can lower the interest you owe with an offset account. This exciting prospect can create significant changes to your home loan, however there are fees involved. Here is everything you need to know about an offset account to help you decide if it’s the right option for you. What is an offset account? An offset account is a savings or transaction account linked to your mortgage. The balance of your ...
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Top Stories in Australian Home Ownership April 6, 2018

Today's trending stories in Australian home ownership and Home Loans. More Aussies are choosing fractional property investment Due to the unaffordable prices in Australia's most expensive housing markets, many aspiring investorsparticularly young peopleare turning to novel forms of property investment, including fractional property investment. Also known as property crowdfunding, fractional property investment allows... Greens leader proposes 'People's Bank' This People's Bank w...
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Top Stories in Australian Home Ownership April 5, 2018

Today's trending stories in Australian home ownership and Home Loans. Here are the housing markets where unemployment is below 4% With surging home prices in capital cities, many households have started moving towards regional property markets a trend that is likely to blossom into a full-on phenomenon. In a blog post, CoreLogic head of research Tim Lawless said regional areas proving their worth and becoming particularly... It could be now or never for Sydney home hunters For property hunter...
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Top Stories in Australian Home Ownership April 4, 2018

Today's trending stories in Australian home ownership and Home Loans. Millennials are turning to more affordable property in the Asia-Pacific Despite softening house prices in some of Australia's largest cities, housing affordability remains strained Down Under. This helps explain why many young Aussies are looking for bargains in more affordable property markets in the Asia-Pacific. New research from OFX, the Sydney-based online foreign... Why RBA won't be urged to hike interest rates so...
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Top Stories in Australian Home Ownership April 3, 2018

Today's trending stories in Australian home ownership and Home Loans. Shifting tax rules make life tougher for property investors Shifting tax rules for investment property have made it tougher for those wanting to build wealth in this asset class. In particular, there has been one key change that has largely flown under the radar and may hit property investors hard as it approaches its first full year since implementation. Big banks to offer reform plans to royal commission on consumer lendin...
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Top Stories in Australian Home Ownership April 2, 2018

Today's trending stories in Australian home ownership and Home Loans. The areas where apartments spend the longest languishing on the market Apartments in pockets of Sydney that were once flying off the shelves are now languishing on the market with not a buyerin sight. While the average time it takes to sell an apartment by private saledropped slightlyacross Sydney last year,in some neighbourhoods it now takes more thandoublethe time it took two years earlier for owners to sell. As of last qua...
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Top Stories in Australian Home Ownership April 1, 2018

Today's trending stories in Australian home ownership and Home Loans. Social housing sell-off ‘fails to fix growing NSW homelessness crisis’ The governments plan to sell off half a billion dollars worth of social housingin Millers Pointto fund the construction of new dwellings in outer suburbshas been labelled a failure by a number of critics in the face of a worsening homelessness crisis in NSW.... Developer Salvatore 'Sam' Sgherza has been accused of defrauding his mother of more t...
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Top Stories in Australian Home Ownership March 31, 2018

Today's trending stories in Australian home ownership and Home Loans. Bankers for a gangster: Commonwealth lenders help mafia boss do laundry Peter, whose real name can't be used for legal reasons, provided Arico a mortgage for his Moonee Ponds palace just a day after Arico was arrested on ... including Australia's most infamous underworld family, have been able to access home loan after home loan, despite their infamy and absence of... Royal banking inquiry: rise of brokers sounds alarm over ...
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Top Stories in Australian Home Ownership March 30, 2018

Today's trending stories in Australian home ownership and Home Loans. Barclays to pay $2 billion US fine over mortgage fraud claims: Justice Department WASHINGTON (Reuters) - Barclays BARC.L has agreed to pay $2 billion for allegedly causing billions of dollars of losses to investors by engaging in a fraudulent scheme to sell residential mortgage-backed securities between 2005 and 2007, the U.S. Justice Department said on Thursday. Barclays to... Impact of financial services Royal Commission a...
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Top Stories in Australian Home Ownership March 29, 2018

Today's trending stories in Australian home ownership and Home Loans. UBank's new chatbot is a hit with mortgage applicants RoboChat, a new AI-powered assistant that guides customers throughout the home loan application process, has boosted UBank's completion rates by 15%. Built by IBM Watson and launched in May 2017, RoboChat was based on the hypothesis that artificial intelligence could make the home loan... The perfect middle: Why the battle to buy semi-detached homes in Sydney is heat...
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Top Stories in Australian Home Ownership March 28, 2018

Today's trending stories in Australian home ownership and Home Loans. US consumer confidence ebbs Rising house prices could also boost consumer spending. A separate report on Tuesday showed the SP CoreLogic Case-Shiller composite index of home prices in 20 metropolitan areas increased 6.4 per cent in the 12 months to January after rising 6.3 per cent in December. Higher house prices are... US consumer confidence ebbs, house prices surge WASHINGTON (Reuters) - U.S. consumer confidence fell from...
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Top Stories in Australian Home Ownership March 27, 2018

Today's trending stories in Australian home ownership and Home Loans. Consumer group wants brokers to be legally bound to act in the interest of their clients Choice, the Marrickville-based consumer advocacy group, is calling for all mortgage brokers to be legally required to act in their clients' best interest. Currently, there is no legal imperative for brokers to prioritise their clients' interests, although they are not allowed to suggest unsuitable loans, a... Mortgage rates could rise ev...
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