Top Stories in Australian Home Ownership March 23, 2019

Today's trending stories in Australian home ownership and Home Loans. Sydney’s prestige property market feeling ripple effect of wider downturn Sydneys prestige home owners are feeling the ripple effect of the housing downturn with longer sales campaigns and more discounting before they score a sold sticker. Across Greater Sydney it is taking an average of 85 days to sell homes in the $3 million-plus prestige range, up 18 per cent on February last year. Domain data also shows discounting from t...
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Top Stories in Australian Home Ownership March 22, 2019

Today's trending stories in Australian home ownership and Home Loans. Banning commissions is the best option for brokers and borrowers, says industry figure In an open letter addressed to the mortgage community, Welcome Home Financial Advice founder Mitchell Johnston said eliminating mortgage... More Aussies to struggle with mortgage repayments: Moody's A combination of falling house prices, high household debt, and the conversion of interest-only loans to principal and interest is expect...
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Top Stories in Australian Home Ownership March 21, 2019

Today's trending stories in Australian home ownership and Home Loans. Tax office figures reveal WA property investors 'at risk' in ALP property tax plan The Federal Government is using new tax office figures on negatively geared properties to convince voters in potentially vulnerable WA seats to stick... Mildura housing market a 'top performer' MILDURA'S real estate market has made a top performers list for Australian property investors. A low vacancy rate and good rental r...
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Top Stories in Australian Home Ownership March 20, 2019

Today's trending stories in Australian home ownership and Home Loans. Borrowers feeling property market pressure Survey reveals top concerns tied to rising prices and restricted lending Borrowers feeling property market pressure Milburn reaffirmed that brokers are the most widely-preferred channel for securing a mortgage and urged those in the industry to use their platform to... Non-bank lender and aggregator team up The aggregator has over 3,600 members and provides services to mortgage, co...
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Top Stories in Australian Home Ownership March 19, 2019

Today's trending stories in Australian home ownership and Home Loans. Five essential checks you should do before buying a home that everyone forgets For most of us, its the biggest purchase well every make, yet many home buyers dont complete the necessary due diligence before signing a contract. Research conducted by Australian bank ME last year revealed 26 per cent of 1000 property owners surveyed discovered issues with their property post-purchase, with 23 per cent experiencing a degree of bu...
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Top Stories in Australian Home Ownership March 18, 2019

Today's trending stories in Australian home ownership and Home Loans. Young couples and upsizing families target warehouse-style homes Warehouse-style homes sold strongly at the weekend as young couples and upsizing families both targeted the citys more idiosyncratic auction properties. A former shopfront in Fitzroy North attracted about 80 bids from four families before selling under the hammer for a bullish $1.584 million, $184,000 above reserve. Nelson Alexander sales director Arch Staver sa...
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Top Stories in Australian Home Ownership March 17, 2019

Today's trending stories in Australian home ownership and Home Loans. The home builder boss who bought Bob Hawke’s $14.5m Northbridge home As Northbridge locals mull this weeks sale for about $14.5 million of the home of their most high-profile resident, former prime minister Bob Hawke, the mystery buyer can be revealed as Peter Rawson, co-founder of the land-subdivision and home-building giant Rawson Group.... International students in Melbourne increasingly at risk of unscrupulous landlords ...
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Top Stories in Australian Home Ownership March 16, 2019

Today's trending stories in Australian home ownership and Home Loans. Fixed home loan rates still on the move Banks making changes to encourage borrowers at higher end of LVR scale How climate change will affect your mortgage In ordinary times, a person standing up to make a statement of the bleeding obvious isn't news. But the times, my friends, are anything but ordinary. Caltex chairman Steve Gregg trades in Point Piper for Double Bay Caltex chairman Steve Gregg has listed his Point Piper ...
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Top Stories in Australian Home Ownership March 14, 2019

Today's trending stories in Australian home ownership and Home Loans. Industry-wide shift in fixed home loan rates The trend is expected to continue into subsequent months Industry-wide shift in fixed home loan rates New data has revealed an ongoing industry-wide reduction in fixed home loan rates. Canstar's weekly rate summary showed 168 decreases and zero... Lending slump weakens home-building market Also Read: Why the decline in lending is not due to fewer mortgage applications. Housing In...
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Top Stories in Australian Home Ownership March 13, 2019

Today's trending stories in Australian home ownership and Home Loans. Mortgage brokers safe from change for now Thousands of Australian mortgage brokers may continue receiving trail commissions beyond next year, after the federal government backflipped on... Government reneges on trail commission position In the statement, mortgage brokers were said to be critically important for securing better consumer outcomes in the mortgage market. Why rate cuts will be futile in boosting the housing mar...
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Top Stories in Australian Home Ownership March 12, 2019

Today's trending stories in Australian home ownership and Home Loans. How Airbnb is putting pressure on rent prices The RBA's report also explored the relationship between investor speculation and house prices, and found that a 2.5 per cent dip in expected capital... Pat Conroy to meet with mortgage brokers to explain Labor's response to Banking Royal Commission Member for Shortland Pat Conroy will hold a roundtable with mortgage brokers this week to explain Labor's response to the Bankin...
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Top Stories in Australian Home Ownership March 11, 2019

Today's trending stories in Australian home ownership and Home Loans. Historic Victorian landmark that was a bank and a nightclub is up for sale The AMP building in Sale is back on the market after four years, with the Melbourne-based owner hopeful new life can be breathed back into the historic landmark. ... New Farm home smashes Brisbane residential auction record A grand waterfront estate in New Farm has smashed Brisbane residential auction records, selling for a staggering $7.75 million. S...
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Top Stories in Australian Home Ownership March 10, 2019

Today's trending stories in Australian home ownership and Home Loans. The Sydney suburbs where tenants are not getting their bond back More than one in 10 renters in some of Sydneys most well-heeled suburbs are forgoing thousands of dollars in bond money, new figures reveal. Tenants in affluent suburbs such as Vaucluse, Watsons Bay andBellevue Hill collectively lost hundreds of thousands of dollars in bonds last year, Fair Trading data shows, with one eastern suburbs tenant surrendering $50,000...
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Top Stories in Australian Home Ownership March 9, 2019

Today's trending stories in Australian home ownership and Home Loans. Georgian estate Loombah could smash Hunters Hill’s price high with $30m sale Hunters Hill is poised to reassert its place at the forefront of the north shores trophy home market as the historic Georgian estate Loombah hits the market with $30 million hopes.... Canberra homes that have sold for more than $2 million this year Canberras upper end of the market has experienced a surge in sales over recent weeks, after a slowdown...
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Top Stories in Australian Home Ownership March 8, 2019

Today's trending stories in Australian home ownership and Home Loans. Darren Palmer shares his top transformation tips for designing on a budget While Ive worked on many multi-million-dollar projects, one of the things closest to my heart in the design realm is making a silk purse out of a sows ear, figuratively speaking.... The Design Files: Inside the home of Kabinett owner Melissa Macfarlane Who: Melissa Macfarlane owner of Kabinett, and Frank Moylan What: Converted Victorian Cottage. Where...
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