Today’s trending stories in Australian home ownership and Home Loans.
- Hotelier Rod Salmon sells Drummoyne mansion for $12 million Inner West record
Hotelier andrace car driver Rod Salmon has sold his waterfront mansion in Drummoyne for more than $12 million, setting an all-time new high for the inner west.
The three-level residence set at the end of Wrights Point was expected to hit the market in time for the start of the spring this weekend, but after being quietly shopped around in recent weeks by at least three agencies it wassold to a local buyer in an off-market deal.
Salmon, a long-time property developer …
- Melbourne auction market in spring: First-home buyers tipped to shine
Tis the season for first-home buyers. At least, thats what economists are predicting ahead of the first weekend of the spring auction market.
Along with other owner-occupiers, young buyers in the market for their first home are tipped to dominate auctions across the state over the coming months.
Emboldened by stamp duty cuts introduced in winter, they are also expected to face less competition from investors, according to ME Banks Patrick Nolan.
- Case study
The appearance of spring cherry blossom put the final piece into place in Tania and Michael Kellys plan to sell their Torrens home ahead of a relocation to the south coast.
Our weeping cherry is just coming into bloom and that coincided nicely with our timing in putting the house on the market, Tania says.
The Kellys spotted the original three-bedroom, two-bathroom home in late 2007 and were attracted by its elevated position backing on to the Mount Taylor w…
- Commercial: Hume sale highlights industrial investment interest in the ACT, NSW
Demand for quality industrial properties has seen a 10,000-square metre Hume site sold pre-auction to a Sydney-based institutional investor for $4.45 million.
The sale of 78 Sawmill Circuit, negotiated by Colliers International, continues the competition for industrial assets in the ACT.
Director Tim Mutton says there had been strong enquiries from local and interstate investors.
The vendor indicated an interest in receiving offers before the auction, he say…
- Superannuation sacrificed for housing
The same could be said about superannuation and inflated house prices. … into superannuation, the money still ends up with the bank as mortgage…
- Best mortgage offers for spring property buys
… writing new loans for property investors because of regulatory growth limits. … Westpac has cut mortgage interest rates by up to 85 basis points and is … The bank has also extended its 350,000 NAB Rewards Points home loan…
- It's Official: Everything is happening later in life
Key life-events highlighted include moving out from the family home, living in a shared household, renting, having a home loan, and owning one’s own…
- Home loan lenders cut mortgage rates as spring heats up
A host of lenders have cut the headline home loan rates of fixed and variable loans for owner occupiers ahead of what is expected to be a busy spring…
- Major bank eases IO lending conditions
The lender has dropped fixed rates for IO loans and brought in a two-year introductory discount for one of its IO variable products