Today’s trending stories in Australian home ownership and Home Loans.
- Yachtsman Matt Allen lists Darling Point home after being inspired by recent $65 million sale
Yachtie Matt Allen took handicap honours in last Decembers Sydney to Hobart race but hes hoping for a far more lucrative win this year afterlistinghis Darling Point mansion to buyers with $70 million-deep pockets….
- Easing APRA's investor curbs would boost competition: mutuals
Any move to loosen the curbs on lending to property investors would deliver a much-needed shot in the arm to competition, say two of the country’s biggest member-owned financial institutions. Australia’s largest credit union, CUA, and the country’s biggest member-owned bank, Heritage Bank, on Friday…
- Commonwealth Bank cuts as Westpac raises interest rates
Data this week showed the growth in credit throughout the economy at its slowest pace in four years as the number of loans to investors slumped and falling house prices reduced mortgage size, which together could suggest APRA now faces concerns about dampening growth in a sluggish economy.
- Regulators force a rethink on interest-only loans
Ken Peng, managing director of Sydney mortgage broking firm Vestyn Finance Solutions, says traditionally banks would offer the same interest rate regardless of whether the … There is now a growing argument to pay both the home loan and investment loan on principal and interest repayment terms.
- City of Sydney now in favour of apartment buildings making their own decision on allowing Airbnb
The City of Sydney haschanged itsoriginal stance onAirbnband is now infavour of owners having the final say on whether short-term lets should be allowed in their apartment buildings….
- Demand for fixed rate loans now down for 6 months
Demand for fixed rate home loans has fallen for the sixth month in a row amid growing expectations that the cash rate is not likely to rise soon or will not rise at all this year. Mortgage Choice’s national home loan approval data found that a total of 78.25% of borrowers opted for variable home loans in…
- Melbourne house prices: Does being near a tram push them up?
Trams are part of Melbournescultural identity, but do they make property in your suburb more valuable?
Of the 18 suburbs with a tram terminus and no train station,11 had medians that were higher than the nearest suburb with a train station, an analysis of Domain Group data showed.
Higher medians were found inseven suburbs where there were train stations compared withthe nearest suburb with a tram terminus. All of those seven were accessible b…