Top Stories in Australian Home Ownership December 16, 2017

Today’s trending stories in Australian home ownership and Home Loans.

  • Gunpowder Capital Corp., Continues to Grow Real Estate Base
    The Corporation funded the purchase by making a Seventy Nine Thousand Dollars ($79,000.00) CDN down payment and by securing a five year fixed rate mortgage from a major Canadian financial institution. The mortgage bears interest at a rate of 3.1% per annum and is being amortized over a 25…
  • ASX chief Dominic Stevens buys $21 million mansion in Bellevue Hill
    Late settlements on some of this years top sales have revealed an interesting line-up of buyers, including the more than $21 million purchase by ASX chief executive Dominic Stevens and his wife Emma.
    The couple are trading up from one Bellevue Hill home to another after they bought thehistoric Belhaven trophy home of fellow corporate heavyweight Stephen Johns.
    The <a href="https://www.domain.com.au/news/bellevue-hills-belhaven-estate-of-stephen-johns-sold-for-about-…
  • Switch banks? Aussies are shifting to smaller lenders for better mortgage deals
    Data from mortgage broker HashChing has found 53 per cent of their 1800 home loan refinancing applications each month are from Big Four customers on the lookout for a better deal. The data shows 37 per cent were from Commonwealth Bank, 23 per cent from ANZ, 21 per cent from National Australia…
  • HashChing hires former Westpac exec as founder steps down
    Online mortgage marketplace HashChing has announced that it has appointed a former Westpac solutions architect to its leadership team, following founding partner … Since its launch, HashChing has processed over $14 billion worth of home loan applications, and it has more than 700 broker partners.
  • Melbourne auctions outperform Sydney but experts warn of looming downturn

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  • Whittlesea council creates guidelines to make suburbs friendlier, more welcoming
    It seems obvious, but its not happening that often in Melbournes new suburbs.
    In a bid to focus on building communities, not just housing, a local council has created guidelines to prevent greenfield estates from becoming hotspots of disadvantage.
    The initiative will be piloted in the development of Donnybrook, a new suburb 32 kilometres north of Melbourne. It is one of 17 new suburbs the state government has pledged to create in Melbourne&…
  • No principal was paid in Westpac's interest-only loan glitch
    Using a very rough calculation and assuming the mortgage principals are all at their initial face value, then based on the average mortgage lending rate of about 6.2 per cent between 2009 and 2016, from comparison tool finder.com.au, it would appear that around $176 million in principal could be…
  • Home Loan Eligibility Criteria
    While every lender will have their own specific lending criteria, all banks and private lenders will look for a few of the same things. Here’s what to prepare for when you apply for a home loan.

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