Today’s trending stories in Australian home ownership and Home Loans.
- Car dealer Neville Crichton swaps $60 million Sydney mansion for a $33 million ‘mini-me’ up the road
Luxury car importer Neville Crichton has pulled off the ultimate trophy home deal swapping his recently sold $60.8 million Point Piper mansion to buy a mini-me version up the road for almost half the price….
- Aussie John withdraws $100m mansion from sale but says trophy values will double
Australias chances of securing a house sale of more than $100 million has suffered a setback after Aussie John Symond withdrew his Point Piper mansion from sale.
But in an exclusive interview with Domain the founder and executive chairman of Aussie Home Loans said there were still trophy homes in Sydney that would crack into the nine-digit range in coming years as values at the top end move to a whole new level.
Sydneys increasingly prom…
- Housing affordability: low interest rates push up property prices
The rate of home ownership is falling. … In the early 1980s, house prices in our capital cities were about three times household median … the repayments on any given mortgage more affordable (as long as interest rates remain low).
- House-price rises fastest in the world
A study of global house prices going back to the 1870s shows Australian prices have risen faster than anywhere else, with soaring land costs mainly…
- Property guarantees: parents can get kids into that first home
The issue of home affordability is back on the front pages as house prices keep rising. … Accept that property home ownership is not achievable right now and … Paradoxically, servicing a home loan is easy but getting the deposit…
- Scope 2017 economic survey: Stephen Anthony, Bill Mitchell; and Renee Fry-McKibbin tie for …
But like most he was far too cautious on house prices (expecting growth of only 3.5 per cent in Sydney and 6.5 per cent in Melbourne), far too keen on…
- Increase in delinquencies predicted for 2017
Arrears performance in the coming year is expected to deteriorate despite low interest rates and stable employment levels
- NAB drops floor interest rates
The major bank has changed one of the key measures used to assess the likelihood that a borrower can repay his or her mortgage
- Only 28% see big banks as best service option
When it comes to getting mortgage support, new research examines who borrowers would generally approach in a financial emergency