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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Top Stories in Australian Home Ownership February 9, 2019

Today's trending stories in Australian home ownership and Home Loans. Banking royal commission: We're the 'fall guy' for banks - mortgage broker THERE are fears Sunraysia borrowers will face higher interest rates and a less competitive home loan market if royal commission recommendations... Ann Wason Moore: On the Royal Commission's decision of upfront payments for a mortgage broker Which is why my internal Scrooge McDuck alarm started ringing when Commonwealth Bank boss Ma...
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Top Stories in Australian Home Ownership February 7, 2019

Today's trending stories in Australian home ownership and Home Loans. Why there's no reason to fear the downturn in Melbourne Recent news stories show that the Victorian capital has already recorded up to a 9% decline in house prices over the past year. Does this downturn... Will applying for home loans get harder post-Royal Commission? For home-loan borrowers who want to make sense of what the ... Applying for a mortgage will not get more difficult after the release of the report. Big 4...
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Top Stories in Australian Home Ownership February 6, 2019

Today's trending stories in Australian home ownership and Home Loans. Finally going for brokers Applying for a home loan was a major event 40 years ago. ... Mortgage brokers performed a great service, by substantially increasing competition... Mortgage brokers warn banks will cash in on loan changes after banking royal commission The mortgage broking industry, which has grown from almost nothing three decades ago to 55 per cent of the home loan sector, says the move would... Banks hungry for ...
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Top Stories in Australian Home Ownership February 5, 2019

Today's trending stories in Australian home ownership and Home Loans. What the financial services royal commission recommends on mortgages and loans Banks may be forced to check whether borrowers can repay their home loans, rather than relying on estimates of household spending, in the wake of the financial services royal commission.... Banking royal commission: Coalition rules out broker crackdown With Labor giving in-principle support to adopting all the recommendations, the political flashp...
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Top Stories in Australian Home Ownership February 4, 2019

Today's trending stories in Australian home ownership and Home Loans. First-timers and upgraders active on quiet auction day but investors still missing in action Early signs suggest Melbourne remains a buyers market in 2019, with the clearance rate for the first auction weekend of the year coming in at 44.7 per cent from 80 reported auctions. But with such a small sample of auctions, market watchers are awaiting the weekends of February 23 and March 2, when numbers will ramp up, for a clearer ...
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Top Stories in Australian Home Ownership February 3, 2019

Today's trending stories in Australian home ownership and Home Loans. The case for and against fixing your home loan rate in 2019 The case for and against fixing your home loan rate in 2019 ... BORROWERS have been urged to think twice before fixing their mortgage rate as... Run-down Castle Hill house on quarter-acre block sells for $425,000 above reserve As economists fear Sydney property prices will continue to tumble, buyers were out in force on a wet Saturday morning in the citys north-west...
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Top Stories in Australian Home Ownership February 2, 2019

Today's trending stories in Australian home ownership and Home Loans. Will 2019 be the year for first-home buyers in Canberra? Slowing house price growth, sharp unit declines and the upcoming abolition of stamp duty on all properties for first-home buyers in the ACT for those wanting to enter the market, this year is definitely presenting itself as an opportunity to do so. Cass McGilvray and Sam Moorby are looking to make their first step into the market this year. They are searching for an es...
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