Top Stories in Australian Home Ownership December 23, 2017

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

  • Republican tax plan to dent US home sales next year
    The Republican tax bill, approved by Congress on Wednesday, slashes the amount of mortgage interest that home buyers can deduct to $750,000 from $1 million, potentially hurting buyers in California and other costly markets. The tax plan will also cap the deduction for state and local taxes at $10,000,…
  • Why a court ruling on Airbnb in the Caribbean could affect Australian bylaws
    A ruling in Britains highest court on a holiday letting dispute in a tiny group of Caribbean islands could lead to bans on Airbnb in unit blocks here in Australia.
    Four law lords in Britains Privy Council, once also the highest court of appeal for Australia, on Friday morning unanimously ruled that strata corporations can enforce bylaws to restrict short-term letting for stays of less than 30 days.
    And they did so by overturning a…
  • Sydney suburbs that set the most impressive house price records in 2017
    Despite prices stagnating across Sydneys broader market in the second half of 2017, there was no stopping dozens of Sydney suburbsscoring record high resultsthanks to ashortage of top-end homes for sale.
    At least 40 suburbs set a suburb record in 2017, down from last years more than 52 suburbs that reset their market highs.
    It was blue-chip suburbs like Point Piper, Northbridge, Centennial Park and Warrawee on the upper north shore that were…
  • Ballarat, Bendigo, Geelong, Shepparton, Warrnambool, Wodonga property: The year that was and the 2018 outlook
    For property pundits that look beyond Melbournes sprawl, regional cities across the state are currently an appealing option.
    The major citiesBallarat, Bendigo, Shepparton, Geelong,Wodonga and Warrnambool have all recorded steadyhouse price growth over the past year.
    Decentralised government departments andrail infrastructure upgrades have boosted confidence in regional real estate, whilefirst-home buyer grants have e…
  • University of Wollongong Professor Alex Frino reviews the 2017 housing market, looks to 2018
    Given the relationship between Sydney and Illawarra house prices, the outlook is not great. At best, the market will be flat. Worse still, a continuation in the decline we have seen in the second half of the year since the Australian Prudential Regulation Authority introduced severe measures to curb…
  • Top 5 resolutions for property success in 2018
    Is your home loan rate still competitive? When was the last time you checked? Mortgage rates are even lower now than they were 12 months ago, so now is the ideal time to compare options and snare a red hot rate. The lower your rate, the faster you’ll be able to pay down your loan and build equity in…
  • House prices expected to fall in 2018
    House prices dropped one per cent from September, 2015 to March, 2016. “The first round of macroprudential measures introduced by APRA resulted in a temporary slowdown in the market,” Mr Lawless said. “However, a loosening of credit availability and lower mortgage rates threw a lifeline to the…