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 this time, OzHarvest was able to deliver more than one million…
- Paddington’s Four in Hand hotel listed for $6 million as a private residence
Paddington localsmay have bought intothe neighbourhood for its charming cottages and grand terraces but for those lured by itsmuch-loved corner pubs, they will soon have one less drinking hole to choose from.
Just three years after the landmark Four in Hand Hotel wasbought by hotelier brothersMitchell and Ashton Waugh, the pokie and liquor licence is set to be transferred to another venue and the property sold as a house for $6 million.
- Housing OK but RBA warns on China, assets
Locally, a slowdown in house price growth, an easing in the amount of lending to property investors and a shift away from interest-only loans have cooled conditions in the Australian housing sector. The RBA had become alarmed as house prices soared in recent years, fuelled by record low interest…
- ANZ demands strict new rules for mortgage broker loans
ANZ is asking mortgage brokers, who account for more than half of its property lending, to “continue earning its trust” following bruising revelations about lax lending standards at the financial services royal commission. The nation’s third-largest residential property lender is warning brokers that their…
- Wells Fargo faces $1 billion fine to settle loan abuses
N a penalty of $1 billion to resolve outstanding investigations related to auto insurance and mortgage lending abuses, the third-largest U.S. bank by … and Office of the Comptroller of the Currency were readying a fine of up to $1 billion for Wells Fargo’s auto insurance and mortgage lending abuses.