Today’s trending stories in Australian home ownership and Home Loans.
- Melbourne’s auction clearance rate remains robust
The Melbourne auction market has recorded another robust result, with buyers and sellers confidence clearly on the rise.
A clearance rate of 76 per cent was recorded on Saturday, which was just below the 76.3 per cent recorded the previous weekend but remained behind the boom-time strong 82 per cent result recorded over the same weekend last year.
Clearance rates over the past fortnight have continued to track above the weekend average of 75.5 per cent…
- Sydney’s auction clearance rate lowest of 2016
The Sydney weekend auction market continues to weaken, reporting its lowest clearance rate of the year on Saturday.
It was the third consecutive weekend the clearance rate hadfallen, witha 67.7 per cent rate on Saturday, down from70.3 per cent the previous weekend, and well below the 88.2 per cent recorded over the same weekend last year.
Sydney clearance rates have averaged 70.6 per cent since Easter, compared with 75.1 per cent before the break.
- Underquoting: NSW laws appear to have remedied price baiting; can Victoria improve?
New laws to combatunderquotingin NSW appearto bekeeping price baiting at bay, withdata suggesting agentsquoteshavebecomemore accurate since higherpenaltieswere introduced….
- Bendigo Bank's Homesafe faces earnings shortfall
UBS banking analysts are now suggesting the reverse mortgage business will contribute just $5m to Bendigo in the six months to the end of June,…
- Perth home auctions rise as prices fall
… where the number of homes being sold at auction was rising, along with home prices, Perth auction rates were rising as house prices fell.
- Osborne says Brexit would push higher mortgage costs
LONDON (Reuters) – Chancellor George Osborne said the country’s home-owners could face higher borrowing costs if voters decide to leave the…