Today’s trending stories in Australian home ownership and Home Loans.
- Average US 30-year mortgage rate ticks up
Long-term US mortgage rates edged higher this week, marking a fourth straight week of increases though rates remain at historically low levels.
- Ron Medich’s opulent and not-so glamorous housing options
Fallen property developer Ron Medich has been linked with some of Sydneys most glamorous homes, including the $37 million waterfront residence in Point Piper he sold two years ago to aged-care industry boss Peter Wohl.
But as the trial date is reset for early next year on his alleged murder of wheeler-dealer Michael McGurk, Medich is looking at spending time in a far less glamorous house for a much longer period of time.
Medichs taste for fine real estate goes back…
- Former Louis Vuitton boss Julia King finds fitting shelter
Former Louis Vuitton chief Julia King and her husband Peter have secured a glamorous shelter to replace their recently sold Elizabeth Bay digs, bunking down at a parkside spread inDarling Point.
Records show King, a former Fairfax Media board member, paid $4.9 million for the three-bedder through Michael Pallier, of Sothebys International,who was enlisted to sell the long-time Sydney base of expat LA producer Em Tardy-Green.
The block of four was developed by …
- No barbecue ban but pets on notice as strata regs lay down the law
Balcony barbecues will not be banned, but pets still can be, as a raft of contentious strata rules is revealed in the new strata regulations released today.
The regulations a dense mixture of rigid rules and optional by-laws provide the details of how the reformed NSW strata laws, due to come in on November 30, will work.
They propose by-laws on pets and smoking as well as hard and fast rules on on everything from electing tenant representatives to removing cars …
- What life is like on an organic, permaculture farm
Behind a forest of fruit trees close to the regional town of Maitland in NSW lies Purple Pear Farm. Home to permaculture and organic food gurus Kate Beveridge and Mark Brown, Kates daughter and her family as well as a gaggle of geese, 80 chickens, pigs, guinea pigs and hundreds of vegetables, this picturesque little farm is a rural idyll….
- More Australians getting in over their heads in personal debt, Westpac report finds
Westpac has reported a rise in the number of Australians who cannot keep up with their mortgage payments, as well as more stressed assets on its…
- Westpac shares dip as stressed assets rise
Westpac says the number of customers more than 90 days overdue on their mortgage repayments has increased, with mining-related areas under…
- Census and the importance for the property market
The downward shift in home ownership will result in a need for less new houses. Current … Increase in multi-property investors dominating the market.
- Non-bank cuts rates, offers up to 65bps discount
A non-bank lender has reduced home loan rates for new and existing customers, giving some the opportunity to receive a rate discount of up to 65 basis points
- Franchise breaks settlement record
Franchise brokerage reports record results over FY2016, increasing home loan settlements by 10% and broker numbers by 20%