Today’s trending stories in Australian home ownership and Home Loans.
- Brett Lee in fast work to buy $5 million Clontarf home
Legendary fast bowler Brett Lee has traded up his property stakes, buying a hillside residence in Clontarf for more than $5 million.
The cricketer-turn-commentator was in Chennai, India, at the time of last weeks exchange, but according to excited local chatter that didnt prevent him from securing the property.
The 1138 square metres was only on the market fora month with a guide of $5 million to $5.5 million by Geoff Smith and Richard Harding,of LJ Hoo…
- Interest rate cuts hurt some but overall we gain, says Reserve Bank
Lowering required mortgage payments by one dollar is associated with durables spending rising by over 20c on average, a Reserve Bank study…
- CUA's Rob Goudswaard flags lower loan volumes in tough climate
CUA, the nation’s biggest member-owned lender, has flagged weaker mortgage growth as hot price competition and falling official interest rates…
- Mortgage insurance providers forcing homeowners into bankruptcy
Struggling homebuyers are being forced into bankruptcy over mortgage insurance policies that most consumers believe are designed to protect…
- Fintech 'uno' snares $16.5 million investment from Westpac
… benefits of having greater power in the home loan search process, and direct access to the technology and information that traditional mortgage brokers use. uno’s offering also includes full-service support and advice for customers…
- Property investor confidence remains strong
Despite talk of property price bubbles, tightening investor lending policies and ongoing debate about the future of negative gearing, Australian property investors remain optimistic about the long-term merits of residential real estate
- Still room for improvement around interest-only loans: ASIC
Australias home loan industry has improved its standards around interest-only loans, but still has work to do according to ASIC