Top Stories in Australian Home Ownership January 29, 2017

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

  • Tenants 'desperate to buy' but prices and rents rising faster than incomes, data shows
    Sydney house prices have grown at twice the rate of incomes over the past 20 years, leaving today’s first home buyers in a near-impossible situation,…
  • Stawell at a turning point: the Victorian town’s road map for change
    Karl Meyer left for work at the Stawell Gold Mine just like any other morning, arriving to discover his world and home town had been shaken up.
    About 150 people were made redundant before Christmas, though many would quickly be re-employed by local industries going from strength to strength, and others soon by new players in the close-knit community.
    It is the dawning of a new era for the quiet Victorian country town, just under three hours drive north-wes…
  • Tenants ‘desperate to buy’ but prices and rents rising faster than incomes, data shows
    Sydney house prices have grown at twice the rate of incomes over the past 20 years, leaving todays first home buyersin a near-impossible situation, experts say.
    Butits anotherpart of the housing affordability equation rent increasesthatpolicymakers are being urged to look at.
    For most moderate and low income householdsthe rental market is now where theyll be for the rest of their lives, a…
  • Only snobs can't afford a house in Sydney
    It still wasn’t enough so my parents kindly went guarantor handing over the deeds of their house to the bank in case we defaulted on our mortgage.
  • Gold Coast apartments: the high life beckons with a new level of luxury
    Ordinarily, Surfers Paradise and the Upper East Side of New York do not go hand in hand but then there is absolutely nothing ordinary about a Surfers Paradise penthousethat is now on the market for $12.5 million. Its not just the sheer size of it, although it has that in spades nearly 1000 square metres of living, 20 private car spaces and 600 square metres of additional storage but its the very essence of it that sets it apart as something…
  • Nicola Powell: Higher interest rates will not necessarily take heat out of the housing market
    The housing market was in full recovery mode throughout 2016. High demand, a later than anticipated influx of new housing stock and falling interest rates dictated market performance. Interest rate cuts in May and August added momentum to an already fuelled market. Towards the end of the year two key events could have motivated buyers to act. Banks started to move rates in the opposite direction to the Reserve Bank of Australia and the speculation surrounding the RBAs next rate move.<…
  • WEEKEND READ: The two elephants in the housing-affordability argument
    But if a politician said they wanted house prices to fall, dwelling owners … watching the debt burden of the mortgage being eroded away by inflation,…

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