Today’s trending stories in Australian home ownership and Home Loans.
- Melbourne's dwelling price growth could hit 12% next year
Despite data from CoreLogic showing a 0.4% decline in the value of units, townhouses, and semi-detached dwellings in the three months to September, the Victorian property market is benefiting from population growth and incoming migrants. More recent data from CoreLogic shows that Melbourne…
- Interest-only loans growing threat to banks
Higher mortgage rates and tighter lending standards increase the risk of unintended consequences, including more pressure on household cash flows, weaker economic growth, higher non-housing loss rates and lower house prices, he said. UBS analyst Jonathan Mott also issued a lengthy report on…
- NAB chairman Ken Henry buckles down for unwarranted royal commission
The mortgage market has grown at a 12 per cent compounded annual growth rate to $1.7 trillion as the population has increased, the economy has grown and banks were allowed to assign less capital to home loans. But as these trends reverse, the banks will face a battle to reprice home loan rates to…
- From Freemasons hall to family home: A five year Mount Lawley renovation
Mount Lawley is famous for many things. A lively, bohemian vibe, fuelled by its diverse population, thriving cafeand small bar scene, and eclectic mix of stores.
Its also renowned for its high entry price; an apartment will set you back a minimum $300,000, and youll get little change from a million smackers for a basic freestanding abode. And its also famed for its beautiful heritage buildings.
These are all reasons serial renovators Nichol and Andrew …
- What Australians are doing to enhance their outdoor areas
- Record fine imposed on Melbourne real estate firm for underquoting
In addition to levelling a historically large penalty, the Federal Court ordered the firm to implement a program to educate its agents about their legal obligations.
- The ATO is cracking down on these three ‘cleverly disguised’ illegal property traps
Property investments are at the heart of a crackdown by the Australian Tax Office, whichcould see duped retirees risk half of their savings or pay hefty unpaid tax bills.
The ATOs new Super Smart Scheme program, which zeroes in ontax-dodging self-managed super funds (SMSFs),is yet to penalise trusteesbut warnsof illegal scheme spruikers that target people on the verge of retirement hoping to boost their savings.
If a taxpayer becomes i…