Today’s trending stories in Australian home ownership and Home Loans.
- Should broker remuneration be reformed?
In an article entitled Governance of Mortgage Brokers, published last week, Rice Warner criticised aspects of the mortgage broking industry in light of…
- More people suffering rent stress leads to extra demand for social welfare
Government policies are skewed towards supporting home ownership … Those who are paying a mortgage are still far better off than those facing…
- First-home buyers utilise stamp duty cuts and upper end of Melbourne auction market slows
Generation Y buyers upped the ante to purchase properties at the weekend as new stamp duty concessions for first-home buyers revved up sections of Melbournes auction market.
The Domain Group reported a clearance rate of 73.5 per cent from 558 reported auctions on Saturday.
It is a pretty good result that has been inflated by first-home buyers or certainly supported by them, the Domain Groups chief economist Andrew Wilson said.
In Richmond, a yo…
- Total number of Melbourne auctions slides down to 732 despite cuts to stamp duty
New changes to stamp duty were met without much notableexcitement from Melbourne buyers, with auction numbers down and clearance rates only up marginally on Saturday….