Today’s trending stories in Australian home ownership and Home Loans.
- Bob Blann spends $40m on whole-floor apartment in Sydney Crown casino development
Veteran venture capitalist Bob Blann has laid claim to one of Australias highest apartment sales paying more than $40 million for a whole-floor apartment in Crowns One Barangaroo tower….
- Sydney auction numbers surge as sellers return to market
Sydneys property market is set to face its first big test of the year on Saturday, with almost 1000 homes scheduled to go under the hammer.
There are 942 properties scheduled for the bumper auction day, an 85 per cent increase on the 510 homes up for grabs last Saturday.
Much of the action will take place in thecitys eastern suburbs, wherea whopping186 auctions are scheduled, but buyers will also be spoilt for choice in the inner west where …
- Soaring household debt points to a mortgage crisis on our doorstep
But if house prices have been fuelled by rapidly accumulated debt, can high house prices be sustained, and can investors take comfort? In the US, lax lending standards prior to the GFC saw large loans provided to borrowers with no income, no job and no assets (NINJA and subprime borrowers).
- Why we shouldn't be fixed in our mortgage mindset
Fixed rates lock in your mortgage interest rate for a set period, typically between one and three years. That’s a potential negative if rates drop and you’re … Do your research when starting or refinancing a home loan, and don’t be fixed in your mortgage ways. Like those nerves-of-steel Winter Olympics…
- Scrimp, save and borrow: how parents pay for private school fees
About 15 per cent of 500 families surveyed by Edstart say they are using their credit cards and about 10 per cent are extending their mortgage to pay the fees. That leaves about 25 per cent who are drawing from savings, selling assets to raise the money, taking out personal loans or tapping the child’s…
- Major bank tightens screw on IO renewals
As Australian Broker reported two weeks ago, the bank is clipping the discretion of its frontline mortgage assessors. It also added “a higher level of approval for some discretions” used in assessing loan serviceability. A spokesperson for the bank told Financial Review that the move was not a change to…
- Aggregator's home loan book hits $6.5bn
Non-majors now account for more than 37% of the group’s flows
- First test of the market: Melbourne gears up for a huge auction weekend
Melbourne is set for its first big auction weekend of the year, as 1396 properties go under the hammer across the city on Saturday more than double lastweek.
Brighton East and Reservoir top the list with 19 properties each, followed closely by Camberwell and Glen Iris, each with 18 homes up for grabs, according to Domain Group data.
The west, including Yarraville, Werribee and Essendon, hasthe largest number of listings of any area with 265…
- Payments System Board Update: February 2018 Meeting
The Bank has released a media release Payments System Board Update: February 2018 Meeting.