Top Stories in Australian Home Ownership March 30, 2018

Today’s trending stories in Australian home ownership and Home Loans.

  • Barclays to pay $2 billion US fine over mortgage fraud claims: Justice Department
    WASHINGTON (Reuters) – Barclays BARC.L has agreed to pay $2 billion for allegedly causing billions of dollars of losses to investors by engaging in a fraudulent scheme to sell residential mortgage-backed securities between 2005 and 2007, the U.S. Justice Department said on Thursday. Barclays to…
  • Impact of financial services Royal Commission already being felt
    It already seems likely Commissioner Kenneth Hayne will recommend sweeping changes to the home loan industry arising out of just the first few weeks’ hearings. He has uncovered dreadful lending practices by banks and mortgage brokers. The worst was NAB employees in Greater Western Sydney…
  • March financial wrap up
    … to new owner occupiers making principal and interest repayments on their mortgage. This might all look like great news for Australian homeowners but our Product Data Manager, Peter Marshall still thinks long term, home loan rates are heading north meaning now is primetime to secure a competitive…
  • EXCLUSIVE: Australian rental price growth lowest in 20 years
    … analyst says renters may soon be shocked by added price pressures as the effects of stricter regulation on Australian property investors materialises. … rents are between $5,000 to $10,000 more out of pocket today because of APRA’s credit policy tightening that is directly targeted at property investors.
  • The Melbourne suburbs where it’s quickest – and slowest – to sell a house or unit
    Homes in the outer suburbs are the fastest selling in Melbourne, thanks to high demand from first-home buyers, experts say.
    Of the 10 suburbs where houses spent the shortest time on the market last year, seven had medians less than the $600,000 threshold for first-home buyer stamp duty concessions, according to Domain Group data on private sales.
    Rowville, in the outer east, was the fastest-selling suburb for houses and also had the highest median in the top 10 $856,500 …

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