Top Stories in Australian Home Ownership February 24, 2019

Today's trending stories in Australian home ownership and Home Loans. Rose Bay trophy home passes in at $23.25m as negotiations drag into the evening About 150 people were in attendance on Saturday to see the Rose Bay trophy home of property baron Stephen Burcher passed in at auction on a bid of $23.25 million, with negotiations continuing upwards of that late into the afternoon.... Paved paradise: The fight to save Victoria’s last church square from becoming a parking lot St Kilda residents a...
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Top Stories in Australian Home Ownership February 23, 2019

Today's trending stories in Australian home ownership and Home Loans. Olivia Newton-John to sell her Ballina getaway for $5.5m after almost 40 years Decades before the Far North Coast became a mecca toHollywood heart throbs like Matt Damon and Chris Hemsworth, the then-hippie hinterland was a secret getaway for one of our most enduring stars. Olivia Newton-John shot to global stardom on the back of the 1978 hit movie Grease, and two years later flew to Ballina with lifelong friend Jillian McGra...
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Top Stories in Australian Home Ownership February 22, 2019

Today's trending stories in Australian home ownership and Home Loans. NSW state election 2019: Greens to mandate affordable housing targets, abolish priority precincts All new Sydney developments would be subject to a minimum 30 per cent affordable housing target in a bid to address the citys housing crisis under a NSW Greens proposal. The Saving Sydney package, announced on Friday by Greens MP and planning spokesman David Shoebridge, would also abolish priority precincts and restore planning p...
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Top Stories in Australian Home Ownership February 21, 2019

Today's trending stories in Australian home ownership and Home Loans. 90-day arrears hit record high in December According to a recent report by SP Global Ratings, Australian home loan arrears rose in December How to avoid wasting money on a rental that’s not right for you Finding the right rental can be hard. Many get put off by a high asking price, while others ultimately regret paying too little for something that doesnt meet their needs. But prospective tenants need to look beyond the bas...
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Top Stories in Australian Home Ownership February 20, 2019

Today's trending stories in Australian home ownership and Home Loans. Foreign buyers are ditching Australia's housing market She said the demand downturn from Chinese investors was due to higher foreign stamp duty, capital controls, and cancellation of mortgage loans. ANZ plans ramping up investor lending ANZ's home loan portfolio went down by $534m over the December quarter, with both owner-occupier and investor lending hitting below average. Bendigo eyes charming new borrowers with rat...
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Top Stories in Australian Home Ownership February 19, 2019

Today's trending stories in Australian home ownership and Home Loans. Parents worry children won't afford property A new report suggests concerns for the next generation's financial future Bank interim CEO takes conversation to Canberra She added, We recognise that mortgage brokers support competition and choice by helping smaller banks compete against their larger rivals. Changes to broker pay may hinder growth of lending industry Instead of moving the home loan market forward, some ind...
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Top Stories in Australian Home Ownership February 18, 2019

Today's trending stories in Australian home ownership and Home Loans. CBA accused of having an agenda 'to destroy' brokers He (Matt Comyn) was really out to destroy the mortgage broker market, Mr Kolenda said. It (royal commission evidence) shows a well-thought-out... Why the decline in lending is not due to fewer mortgage applications Mortgage lending has been on a downtrend for some time now, with the latest figures from the Australian Bureau of Statistics (ABS) the 13.4% decline.....
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Top Stories in Australian Home Ownership February 17, 2019

Today's trending stories in Australian home ownership and Home Loans. Amid slowing Sydney house prices, what effect is WestConnex having? When Jess and Georgia Scanlon bought their home last year, it had been on the market for little over a week. Already unusual in Sydneys cooling property market, it was a rarer sale still because of its location in Haberfield an inner-west suburb taken over by WestConnex construction works. Despite Parramatta Road being a shambles, allegations of homes damaged...
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Top Stories in Australian Home Ownership February 16, 2019

Today's trending stories in Australian home ownership and Home Loans. Yass queen: The NSW region defying trends While house prices are either on the downturn or slowing across the nation, one region just outside of Canberra is defying trends. According to Domain data, Yass Valley experienced a 14.7 per cent growth in house prices over 2018 and it was the second best-performing region in NSW, behind Richmond Valley. The median house price of the regio... Banks hope friendly talking robots won&...
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Top Stories in Australian Home Ownership February 15, 2019

Today's trending stories in Australian home ownership and Home Loans. Consumer groups shun mortgage broker forum The consumer groups that were part of a forum with the mortgage-broking industry have ... The forum was initiated by the mortgage-broking industry. ... trail commission payments to brokers for the life of a home loan and phasing out... Victoria eyes rezoning land to create 12 new suburbs As part of the state's efforts to spur low house prices, Victoria is set to create 12 new suburb...
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Top Stories in Australian Home Ownership February 14, 2019

Today's trending stories in Australian home ownership and Home Loans. Thousands sign broker petition A mortgage broker started the campaign last week after the Royal Commission report Feature launches to connect brokers and borrowers Borrowers can now search for brokers as they search for property The five best optional extras to include when building a new house  Display homes look good for a reason. Not only are they professionally styled, they are also decked out with lots of optional extr...
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Top Stories in Australian Home Ownership February 13, 2019

Today's trending stories in Australian home ownership and Home Loans. Fee-for-service 'failed' in Netherlands Mortgage broker commissions from lenders were completely banned in 2013, ... for everyday Aussies who are looking for the best home loan solution. Expect larger price declines ahead as lending slumps JPMorgan chief economist and managing director Sally Auld told the Herald that this could have a potential impact on house prices. "It would be quite... Melbourne’s most expensi...
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Top Stories in Australian Home Ownership February 12, 2019

Today's trending stories in Australian home ownership and Home Loans. Mortgage lender streamlines specialist product A non-bank mortgage lender has announced changes to its applications in order to make applying for a mortgage easier. Now on Resimac's specialist... Meet Mia: UBank unveils digital home loan assistant As part of its efforts to improve its client relationship, National Australia Bank-owned UBank has introduced My Interactive Agent Mia for short an... Landmark Paddington house ...
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Top Stories in Australian Home Ownership February 11, 2019

Today's trending stories in Australian home ownership and Home Loans. Property locusts swarm rate cuts bank funding costs are still very high implying at least 50bps of further mortgage rate hikes to support bank margins;; lending ... form of some kind of first buyer grant, it's conceivable house prices will slide straight through rate cuts. Digital platforms the new focus for NAB subsidiaries The platform, dubbed Mia, short for My Interactive Agent, is designed to help NAB customers get their...
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Top Stories in Australian Home Ownership February 10, 2019

Today's trending stories in Australian home ownership and Home Loans. Relisting for sale: Vendors change their approach as Melbourne house prices drop Home owners are relisting properties that earlier failed to sell,dropping their asking prices or making minor upgradesto attract buyers as Melbournes housing market weakens. Some vendors who see their homes languish on the market are making the tough decision to switch agents and lose thousands of dollars in fees already paid. It comes as a choru...
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