Top Stories in Australian Home Ownership April 13, 2016

Today’s trending stories in Australian home ownership and Home Loans.

  • New kid on the block Tarneit growing up fast
    It may be a new kid on the block, but Tarneit is certainly becoming popular and fast.
    Located about 25 kilometres from Melbournes CBD, its one of the citys newest suburbs, and has become a beacon of hope for those too young (and too poor) to even start thinking about buying a house.
    The cheaper house prices (median house price is $469,000, while units go for about $293,000) mean that a mortgage wont take over life, and land, while by no means …
  • That old thing: the magic of period homes
    They come in all shapes and sizes but period homes share a certain charm and romantic appeal that can be difficult to resist. At the top end of the market, they also generally offer a scale and grandeur seldom found in contemporary architecture.
    These sorts of homes arent being built today, the cost of them, with the labour content is just too prohibitive, says Ray White Buderim agent Lew Pottinger.
    Belle Property Glebe agent Mark Tooth agrees, noting that p…
  • The Australian suburbs that have been in fashion since the 1800s
    We all know and love them, and if not personally then by repute.
    Theyre the nations most prestigious suburbs in our major cities and while pricegrowth has been patchy for some over the last year, none are about to yield theircrowns anytime soon.
    It would be very difficult for Toorak to lose its shine, says Ross Savas, jointmanaging director of Melbournes Kay Burton, who has our Toorak coverproperty on the mar…
  • Goldman Mortgage Pact: Bank to Pay $5 Billion in US Justice Dept Mortgage Bond Pact
    The charges said Goldman misled mortgage bond investors during the … Administration and the Federal Home Loan Banks of Chicago and Seattle.
  • Goldman Sachs pays $7b for role in global financial crisis
    Goldman Sachs knew pools about risks in mortgage-backed securities but didn’t disclose the issues to investors during the lead-up to the US financial…
  • Falling yields to drive up mortgage delinquencies
    … residential property investors and therefore for residential mortgage-backed securities backed by loans on … Get help choosing the right home loan…
  • Falling yields to drive up mortgage delinquencies
    Declining rental yields have further increased the likelihood of an increase in Australian mortgage delinquencies over the next two years according to a global credit rating firm.
  • Depressing news for househunters
    The average Aussie will take as much as a decade to work up enough savings to get in the door for a home loan, according to the latest Housing…
  • Helping First Home Buyers
    Taking a step up into the property ladder in the Melbourne real estate market can be an overwhelming experience. As always, its whom you know that can that can help you avoid common mistakes of real estate
    The post Helping First Home Buyers appeared first on Australian Property Investor magazine.
  • Next Generation of Banknotes: $5 Banknote Design Reveal
    The Bank has today released images of the new $5 banknote that will be issued into circulation from 1 September 2016.
  • Investor, owner occupier finance increases over February
    Lending to both the investor and owner occupier market increased during February, with a certain variety of property proving popular with buyers

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