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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Top Stories in Australian Home Ownership February 1, 2019

Today's trending stories in Australian home ownership and Home Loans. ANZ-owned ING hikes interest rates...again In a statement, the online lender said the variable rates for all its existing mortgage customers will increase by 0.15% per annum. This means that a... Will the royal commission's report trigger the worst housing downturn? Given that many interest-only loans will switch to principal and interest, banks are also anticipated to record an increase in mortgage arrears. No Regrets...
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Top Stories in Australian Home Ownership January 31, 2019

Today's trending stories in Australian home ownership and Home Loans. Aggregator campaigns for brokers As mortgage brokers, we are a significant industry in our own right Canberra’s best and worst performing suburbs The latest Canberra median house and unit prices reveal there are differing fortunes across suburbs in the nations capital. According to Domain data, Barton, Phillip and the City are the worst performing suburbs in Canberra. Among suburbs with more than 50 sales in 2018, Barton u...
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Top Stories in Australian Home Ownership January 30, 2019

Today's trending stories in Australian home ownership and Home Loans. Stephen Akehurst-designed home in Flinders sells for about $11 million A lavish mansion on Victorias Mornington Peninsula is set to change hands after being listed with a price guide of $10 million to $11 million. TheStephen Akehurst and Adrian Cannata-designed home, known asLower Lower Steading in Flinders, had been on and off the market since 2016 when its initial asking price was $12 million. Suellen Mansour, married to fa...
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Top Stories in Australian Home Ownership January 29, 2019

Today's trending stories in Australian home ownership and Home Loans. Australia’s biggest auction event draws crowds of more than 2000 in a property bonanza Nearly $20 million in property sold under the hammer in just five hours at Australias biggest auction event on the Gold Coast on Sunday. On a picture-perfect hot and sunny day, more than 2000 people turned out to buy and sell and, by 4pm, the ripple of excitement that had kept the atmosphere charged with anticipation, translated to $19 mill...
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Top Stories in Australian Home Ownership January 28, 2019

Today's trending stories in Australian home ownership and Home Loans. Canberra auctions to kick into full swing next weekend After a quiet January, Saturday auctions in the nations capital are set to recommence next weekend. There are 34 properties scheduled to go under the hammer next Saturday with more than one-third of them in the Belconnen region. Agents are confident the market can recover from the lacklustre clearance rates experienced at the end of last year. While Canberras auction per...
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Top Stories in Australian Home Ownership January 26, 2019

Today's trending stories in Australian home ownership and Home Loans. The Canberra region that’s bucking the trend of falling unit prices: Domain data Canberras unit market has experienced the sharpest decline in two decades and this has been felt across most regions, but one south side district has greatly defied the trend, according to Domain data. ... A tale of two cities: Melbourne’s median sales prices reveals suburb divide Melbournes median house prices are revealing a tale of two cities...
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Top Stories in Australian Home Ownership January 25, 2019

Today's trending stories in Australian home ownership and Home Loans. Queensland’s regional towns emerge as top house price performers for 2018 Queenslands regional towns have emerged as the strongest house price performers of 2018, with some recording growth more than seven times that of Brisbane. House prices in Mackay went up 7.4 per cent in the 12 months to December 2018, while the Scenic Rim was up by 7.2 per cent, Ipswich by 5.4 per cent and Gympie up 6.3 per cent. The Sunshine Coast cont...
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Top Stories in Australian Home Ownership January 24, 2019

Today's trending stories in Australian home ownership and Home Loans. Canberra house prices stall while units experience sharpest decline in 20 years Canberra house prices have stagnated after six consecutive years of annual growth and unit prices have experienced the steepest decline in 20 years, according to Domain data. ... Sydney house prices fall 9.9 per cent in 2018: Domain report Sydneys median house price has dropped almost $120,000 in the past year as the city faces its steepest prope...
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