Today’s trending stories in Australian home ownership and Home Loans.
- Nearly a third of Australian households suffer mortgage stress – study
Household debt continues to rise to new record levels
- Record debt threatens economy
The Reserve Bank’s analysis shows that despite record debts, spending on mortgages still accounts for only an average of 7.2 per cent of all household incomes across the population, which is the same as in 2004 when mortgage rates were above 7 per cent. The Reserve Bank has been concerned by…
- Easing property values to put a brake on spending
The boom in Sydney and Melbourne house prices over the past four years has not been accompanied by the withdrawal of household equity that marked the boom in the early 2000s, when savings rates went negative. … Property investors, however, had not moderated their consumption patterns at all.
- Could Australia be mirroring Norway's house price reversion?
Both housing markets have started to reverse in recent months, after a period of rapid growth in house prices and mortgage debt. Housing prices … Australia’s APRA has twice intervened directly in lending markets to ration the amount of credit that property investors can have, with caps on investor loans.
- It's cheaper to buy a house in this town than it is to rent one
Russell and Emily Janson and their son Oliver, 18 months, have made the leap and are paying less in mortgage repayments than they were in rent. The couple have bought a three-bedroom home in Kingaroy for $160,000. They were renting a home in the area for $280 a week and their mortgage…
- How to beat the competition and secure your dream rental