Top Stories in Australian Home Ownership November 24, 2017

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

  • Is New Zealand better than Oz at tackling housing affordability?
    Foreign ownership of real estate is a growing concern in New Zealand, Australia, and Canada, mainly because it’s widely believed that foreign acquisitions drive up house prices and reduce the stock that locals can acquire. In terms of affordability, New Zealand virtually mirrors developments in Australia,…
  • NAB chief urges regulators to take responsibility for interest rate hikes
    National Australia Bank (NAB) chairperson Ken Henry is imploring the regulators, specifically the Australian Prudential Regulation Authority (APRA), be more explicit in explaining why banks have lifted mortgage interest rates. In a report on the Australian Financial Review, Henry said the regulators’…
  • Almost half of home-owners fail to ask for a better interest rate on mortgage
    Of almost 1300 homeowners with a mortgage that were surveyed last month, 9 per cent didn’t know they could ask for a discount, while a further 36 per cent simply did not bother to ask. That’s despite … [But] on average you want to be looking at revisiting your home loan at least once a year, if not more.
  • Almost half of home-owners fail to ask for a better interest rate on mortgage
    Almost half of Australian home-owners taking out mortgagesare failing to ask the No.1questionthat could save tens ofthousands of dollars on their loan repayments.
    In NSW, an average owner-occupier mortgage is $433,800, with interest at the standard 4.73 per cent. With a 0.2 per cent discountit could potentially save a homeowner $52 a month or more than$18,698 over a 30-year loan.
    Yet about 45 per cent of ho…
  • Is New Zealand better than Oz at tackling housing affordability?
    Both countries are struggling with surging house prices in their hottest markets, as well as strong demand from foreign investors

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