Top Stories in Australian Home Ownership July 27, 2016

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

  • Twist in FIRB rules opens up Port Douglas mansion to foreign buyers
    An award-winning hillside residence in Port Douglas that was completed in the early 2000s is still eligible as a new residence underFIRB rules, thanks to the fact the wealthy Singapore owners never had time to live in it.
    Its a fortuitous twist in the rules that stipulate foreign buyers can buy only new properties, opening up the market for this $7.2 million mansionto overseasbuyers.
    WhileSothebysInternational agent PaulArthur d…
  • Growing demand for ‘turn-key’ homes in Australia
    When the new owner of a prestige property in Sydneys Mosman moves into the neighbourhood dont expect to see any large removal trucks parked in the street.
    The four-bedroom home, the Balmoral Residence thathas a price guide of $26 million, already has every luxury that anyone could desire.
    There is the designer furniture from renowned French furniture studio Christian Liaigre; the handpicked artwork from around the globe; there is even fine glassware and a Ver…
  • Bellevue Hill home to media magnates, merchant bankers and plastic surgeons
    Home to media magnates, merchant bankers, property developers and plastic surgeons, this prestigioussuburb repeatedly ranks in Australias top five most expensive suburbs with a median house price hoveringaround $4.2 million….
  • The Insider: James Pratt, Director of Auctions Raine & Horne and CEO James Pratt Auctions
    James Pratt, Director of Auctions Raine Horne, CEO James Pratt Auctions Beverly Hills Los Angeles and Australia
    What was your first listing?
    It was a phone call to the office by a very sweet olderlady who was about to get divorced andneededto sell her house.When I arrived at the property todothe appraisal she said to me: Youre too young to sell my house. However,I went on to sell the&nbsp…
  • House owners set to net $1K
    Should the banks pass on next week’s expected cut, mortgage holders would save $30 a month on a $300,000 loan. If the cash rate goes down as…
  • Vancouver slaps new tax on foreign property investors
    Vancouver slaps new tax on foreign property investors … cooling markets such as Sydney’s, where average house prices have soared in recent years.
  • Investors borrow billions to buy NZ houses
    New figures from the Reserve Bank of New Zealand for June show property investors borrowed $NZ2.56 billion ($2.4bn), just fractionally below the…
  • Price gap between Brisbane houses and units hit record high
    Median house prices jumped 1.2 per cent to $521,915 in the June quarter, while units … to know whether to get a variable rate or fixed rate mortgage, and what features are important. … Get help choosing the right home loan … Why lower home ownership is worrisome By Your Mortgage | 26 Jul 2016.
  • Frozen loans produce property funding problems
    The tougher borrowing rules for Australian property investors are taking their toll as thousands of investors are struggling to complete their purchases.
  • Franchise launches branded asset finance arm
    A major mortgage franchise has expanded its product offering to include a branded asset finance offering.
  • Australians blame foreign investors for sky high house prices
    More than nine in 10 Australian homebuyers believe that foreign buyers are placing upwards pressure on house prices