Today’s trending stories in Australian home ownership and Home Loans.
- Future looking solid for housing in Far North Queensland
House prices in Cairns are likely to rise on the back of CBD developments, government spending and investment in tourism infrastructure, according to … price growth in and around Cairns are better than recent years, with rental returns providing income along the way for residential property investors.
- US mortgage rates hit 2014 levels
The rate for a 30-year fixed-rate mortgage rose to 4.46 per cent, the highest in more than four years and the ninth consecutive week of increases, according to data on Thursday from mortgage-finance giant Freddie Mac. At the start of the year, the average rate was 3.95 per cent. If the trend continues,…
- NAB, ANZ cut interest rates as mortgage war heats up
National Australia Bank and ANZ Bank have joined a home loan war for owner-occupiers and investors now that the major banks have complied with lending caps … The regulator told banks to limit the flow of new interest-only lending to 30 per cent of their total new residential mortgage lending.
- How to buy real estate with a zero-cash deposit
To scrape together the 20 per cent that’s required by many lenders and help you avoid an expensive lenders mortgage insurance charge, you’ll need … save $50,000-$80,000 for a deposit, especially when wages growth is almost non-existent while house prices steadily rise further beyond their reach.
- Sunset clause drama leaves couple’s home ownership dream in tatters
They were supposed to be celebrating. Thesame-sex marriage postal survey results were in their favour, andFabiano Nigro and Matthew Di Domenica were narrowing down a wedding guest list, deciding on a celebrant and had started talking about having children….
- Major banks slash fixed rates
The latest round of rate reductions comes as data shows demand for fixed rate home loans has fallen for the sixth month in a row
- Non-bank makes $600m securities issue
The company has now issued more than $20bn in residential mortgage backed securities