Today’s trending stories in Australian home ownership and Home Loans.
- Cut back on cars, stem urban sprawl to improve Melbourne and its suburbs, authors say
Fewer cars and anend to urban sprawl is the way forward for Melbourneand its suburbs, according to the authors of a new book taking stock of the citysplanning past….
- Good design threatened by Sydney’s rapid development, leading architects say
The rapid rate of construction in Sydney and rise of developers looking to maximise profitsis threatening good design, twoleading architects warn.
The pair, whosefirm was behind one of Sydneys most iconic buildings, saySydneysplanning anddesign processes needtoslow down if we want to create a city future generations will be proud to call home.
Development in Sydney is always done at…
- Brokers' share of home loan market hits $52.2bn
Brokers settled just under $200bn in residential mortgage loans in 2017
- Banking royal commission should put a spotlight on interest-only loans
The bigger the loan the more money everyone in the finance system from mortgage brokers to bank executives gets to make. In 2011, interest only loans were restricted to business owners and richer clients among the banks they were about 30 per cent of the home loan market. Six years later in 2017…
- The right time to buy an investment property
I am currently focusing on paying off my first home loan. Would you recommend I buy a new investment property for the future of my family, or keep paying off the first home loan quickly? I have only an average middle-class income. The first step is to get your mortgage under control, and then think about…
- Tighter lending restrictions might be on the way
Some of these lending curbs will come directly from loan providers
- The dangers of spending less time inspecting a property
A new poll reveals that more than half of home buyers spend less than an hour inspecting a property they are about to purchase
- How and where to land a Perth property whale
These are often the areas that were developed in the last five to 10 years and typically have families with big mortgages. They could be vulnerable to future interest rate rises. Data shows mortgage delinquencies and property repossessions is already on the rise, even with historically low interest rates.
- The Interest-Only Craze Is Setting Us Up for Disaster
A particularly large share of property investors has chosen interest-only loans because of the tax incentives, although some owner-occupiers have also not been paying down principal. … mortgage. And with house prices climbing in recent years much faster than inflation and salaries that is a worry.
- ‘Smoke and shadow’ keep would-be borrowers from identifying the best mortgage deals
The chairman of the Productivity Commission recently bemoaned the lack of transparency in the market