Today’s trending stories in Australian home ownership and Home Loans.
- Press scion Alexander Ma trades up to $27 million Vaucluse house
Alexander Ma, the son and heir apparent of Hong Kong press baron Ching-KwanMa, has staked his place on Sydneys trophy-home market by buying aVaucluse mansion for about $27 million.
It is a substantial step up for the 28-year-oldfrom the Dover Heights home in which he owns a minority share with his father, who bought itin 2002for $2,525,000.
Ching-KwanMa isbest known internationally asthe owner of Hong Kongs media empi…
- Melbourne: Coast and Country
15 The Promenade, Somers $2.9 million-$3,245,000 4/5 bedrooms, 3 bathrooms, 3 car spaces
Virtually on the sand, with a gate to the beach, and just near the mouth of the Merricks Creek, this four-bedroom weatherboard is a rare offering with no road obstructing the view that stretches to Phillip Island.
The house is set at the back of a large triangular block…
- Quandary for regulators as house prices take off again
House prices have surged ahead in July, led by a 3 per cent jump in Melbourne, defying efforts by regulators to cool the property market. The rebound…
- $51 billion budget bonus in Greens plan to curb negative gearing
The Greens plan would cut the capital gains discount for property investors to zero within five years. … “Negative gearing and capital gains tax discounts have driven house prices sky high, making it easier for wealthy people to buy…
- Christmas comes in July for real estate investors — here's why
Christmas comes in July (or August) for property investors because many have a big tax refund heading their way soon, or at least some big tax…
- Broker commissions pushing rates up: UBS
A leading analyst has said a blow-out in commissions is adding 16 basis points per year to every Australians mortgage
- Lender reports rejuvenated mortgage growth
The second tier bank has presented a stronger upsurge in its mortgage portfolio after reporting relatively flat results last financial year