Today’s trending stories in Australian home ownership and Home Loans.
- Why super has lost its lustre
… more current income to pay their rent or service a mortgage and to fund living expenses. …. To the extent that compulsory super reduces the ability to achieve home ownership in working life, the incentive in retirement will be to use…
- Falling home ownership points to rising inequality
Falling home ownership points to rising inequality …. The surge in house prices has also been a major factor. … also come under added pressure as more people enter retirement without owning property or still paying off a mortgage.
- Rents ease but tough times remain for Canberra tenants: Domain Group report
The Canberra home rental market remains challenging for tenants despite recent flat and falling rents and an easing of vacancy rates.
The latest Domain Group rent report reveals that the median asking rent for a Canberra house was steady over the June quarter at $500 a week. Although house rents have remained stable over recent months, the annual growth rate remains high at 6.4 per cent, which is clearly the steepest of all the capitals.
Canberra median asking unit rents fell ov…
- Fierce bidding for park-side home in Camp Hill on the market for the first time
Location, elevation, and orientation drew 14 bidders and nearly 100 spectators to the auction of 51 Perth Street, Camp Hill. The old family home was perched across from the popular Perth Street Park, with a direct view on to the grounds….
- $51 billion budget bonus in Greens plan to curb negative gearing
Only 583,000 out of Australia’s 1.5 million property investors invest in two or more investment properties. … “Negative gearing and capital gains tax discounts have driven house prices sky high, making it easier for wealthy people to…