Today’s trending stories in Australian home ownership and Home Loans.
- Two Melbourne suburbs had the highest number of bankruptcies in 2017
The Melbourne suburb of Craigieburn had the third highest rate of people declaring bankruptcy as a result of mortgage stress and lacklustre wage growth in 2017, according to a new report from the credit information bureau Illion (formerly Dun Bradstreet). Eighty-eight people in Craigieburn recorded…
- Hobart rises to become the fastest capital city housing market
Figures from CoreLogic reveal that Hobart properties are amongst the fastest selling across the nation, taking slightly over a month to sell. CoreLogic’s Cameron Kusher said the Hobart market took 33 days for a property to find a buyer in 2017, just one day less than the same period a year earlier.
- Mining magnate Travers Duncan’s daughter-in-law Francesca buys $15.8 million Mosman house
The little-known daughter-in-law of mining magnate Travers Duncan, Francesca Duncan, has made an impressive purchase on Sydneys trophy home market with records revealing she has bought the $15.8 million historic Mosman property known as Glasslyn.
The16-room mansion with separate studio, swimming pool and harbour views on more than 2000 square metres is a first home buy for Francesca Duncan, wife of 30-year-old property investor Campbell Duncan.
Built in 1906 and&nbs…
- Experts reveal the best techniques for bidding at auction
In a hot market, many vendors prefer selling at auction as its perceived to be the most effective way to get the highest price for a property.
For buyers, auctions can be high-pressure situations where its easy to get swept up in the drama and if youre not careful paymore for a property than you had planned.
But luckily there are a handful of strategies buyers can use to help secure the property at the lowest price.
- Affordable housing projects across Australia stifled by patchwork funding: AHURI
Affordable housing across Australia could be rolled out much quickerand on a larger scale if organisations werent reliant ona hodgepodgeof variouslimited funding opportunities, new research shows….