Top Stories in Australian Home Ownership February 27, 2018

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

  • US new home sales drop to five-month low in January
    The 30-year fixed mortgage rate rose to an average of 4.40 percent in the week ended Feb. 22, the highest level since April 2014, from 4.38 percent in the prior week, according to mortgage finance agency Freddie Mac. It has increased for seven straight weeks. Mortgage rates are increasing in tandem…
  • Memo to Racism Rob, Jess Irvine, Adam Creighton & Greg Jericho
    Population growth (read immigration) drives house prices. When you take all of the balderdash out of it the truth is simple. The pervasive housing shortage argument is driven by two overwhelming factors. The first is mass immigration on the demand side. The second is the broken planning system that…
  • Investment firm buys non-bank
    The transaction follows acquisitions of two mortgage lenders by private equity firms
  • Mortgage franchise sees decline in loan settlement
    The company attributes this to a reduction in its number of branches
  • The middle-ring Brisbane suburbs ripe for investment
    Inner-city suburbs always seem to get the media love, but its Brisbanes middle-ring which could be about to steal the investment limelight.
    With affordability and infrastructure as two imperative criteria, Domain has identified which Brisbane middle-ring suburbs should be on the radar of all buyers.
    According to the Real Estate Institute of Queensland (REIQ), renters are flocking to Brisbanes middle with the vacancy falling from 3.4 per cent to 2.1 per cent…