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 quarter, owners inCanterbury Bankstown and Sydneyswest were waiting an&nb…
  • APRA puts its focus on financial system stability
    In its response, obtained by The Australian, APRA said the enforcement of a 30 per cent cap on lending to interest-only borrowers and the 10 per cent annual growth limit for property investors was specifically designed to temper competitive outcomes that were not consistent with long-term community…
  • Demand, developers push along capital growth in Norlane
    But that couldn’t be further from the case now in Norlane, where house prices are racing along at 21 per cent over 12 months and the median house price approaching $300,000. What’s changed is the level of demand for property in the suburb, sparked somewhat by a public investment in building new…
  • CBA hits high-risk borrowers twice: tougher rate plus lender insurance
    Scrutiny on lenders’ mortgage insurance (LMI) has dramatically increased following the draft report on competition in the financial system by the federal government’s policy adviser, which was released in early February. LMI, sold to borrowers who have not saved enough for a home loan deposit of at…
  • Score the cheapest home loan deal possible
    But despite this the home loan market has remained extremely competitive with lenders itching for new business. New analysis by financial comparison website Mozo has found on the average $300,000 30-year loan, a customers making principal and interest repayments can save up to $2600 per year…

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