Top Stories in Australian Home Ownership January 17, 2018

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

  • HIA: It's high time stamp duty was reformed
    Stamp duty bills have increased nearly three times faster than house prices since the 1980s, and this trend will continue unless stamp duty is reformed, according to the … In this way, stamp duty increases mortgage repayments by $1,247 per year equivalent to over $37,000 over a 30-year loan term.
  • Moody's: Home loan arrears are declining
    Home loan arrears declined from the June to September quarters, with the shadow lending sector experiencing the biggest improvement in arrears rates, according to … Moody’s said the additional protection afforded to lenders and investors via lenders’ mortgage insurance (LMI) further reduced losses.
  • These housing markets are poised to thrive despite the downturn this year
    However, there are property hotspots across the New South Wales which could defy the downturn. O’Malley said Mosman, Surry Hills, and Paddington are three places in NSW where median house prices are expected to increase from 3.8% to 18.8%. In Victoria, Ringwood is the location to watch out for,…
  • Would homebuyers be better off without negative gearing?
    While most property investors are seeing the merits of negative gearing, a recent study presented to the Reserve Bank of Australia shows that a third of … “We find that removing negative gearing would result in lower house prices, higher rents and homeownership rate … the welfare analysis suggests…
  • Stamp duty across Australia doubled in past four years, according to Housing Industry Association
    Stamp duty paid by homebuyersacross Australiaalmost doubled in the past four years, totalling a massive $20.6 billion by 2015-16, according to a new report.
    The latest Stamp Duty Watch report released by the Housing Industry Association (HIA) showed stamp duty bills weresnowballing due to high property prices in hot markets such as Victoria and New South Wales.
    The figures found the typical stamp duty bill in Victoria increased from 1.9 per cen…
  • These housing markets are poised to thrive despite the downturn this year
    While most of the capital cities could be stuck in the doldrums this year, other places are beginning to rise as property hotspots.
  • HIA: It’s high time stamp duty was reformed
    Stamp duty eats into buyers deposits, forcing them to settle for smaller homes or take on heftier mortgages