Today’s trending stories in Australian home ownership and Home Loans.
- Key workers shut out of Sydney: report
“Australia’s key workers are increasingly locked out of home ownership, particularly in the metropolitan housing markets of Sydney and Melbourne,” the report said. “High house prices and rents are ‘pushing out’ some of Sydney’s key workers.” Port Stephens, Lake Macquarie, Maitland and Cessnock are…
- New rules could discourage off-the-plan buyers
The Australian government’s strategy to address the so-called phoenixing amongst development companies will make it complicated for property hunters to buy off-the-plan. In a report for the Domain News, experts warned of the implications the new rules might have for buyers. Under the previous rules,…
- Auction watch: Rapid bidding at Griffith home
Despite afternoon showers, pleasantly sunny morning weather helped to kick off the first big weekend of auctions in Canberra on Saturday with success under the hammer in the inner south at 97 La Perouse Street….
- Rate fear rising as wages stagnate: ME Bank survey
Nearly half of households paying off a mortgage are considered to be in mortgage stress as they are spending at least 30 per cent of their disposable … The research comes after five years of spiralling house prices on the east coast left many households with substantial debts, while wages growth has…
- Real estate is separating Australia’s haves from the have-nots
Many of the countrys richest people now derive their wealth from property, while ordinary Aussies struggle with housing stress