Top Stories in Australian Home Ownership April 16, 2018

Today’s trending stories in Australian home ownership and Home Loans.

  • Key workers ditch Sydney, flock to other NSW cities
    They are forced out of Sydney and are looking at moving to Orange, Dubbo or Wagga Wagga, where their mortgage payments are a third of what they’d be in Sydney, Ward said. According to figures from View.com.au, Sydney’s median house price have climbed to $878,325 in March, significantly…
  • The sustainable Michael Mobbs house in Chippendale is off-the-grid and up for rent
    Its Australias most famously unusual house and its now about to go on the rental market.
    One of the first inner city off-grid houses in the world, Sydneys Sustainable House a three-bedroom terrace in Chippendale with solar power, rainwater collection, recycled water and a composting waste system is being put up for rent, with or without its three resident chooks.
    And its…
  • RBA warns of 'reset shock' as loans convert to principal-and-interest
    Nearly half a trillion dollars in interest-only mortgages will convert to principal-and-interest over the next four years, increasing monthly repayments for almost 1.5 million borrowers by as much as 40% and unleashing a fresh threat on house prices, according to the Reserve Bank of Australia (RBA).
  • Feverish bidding pushes North Balgowlah house to $1.7 million
    Property punters targeted mid-market homes between $1 million and $2 million on the weekend in Sydney, with one North Balgowlah house landing bids from six would-be purchasers before selling for $1.7 million.
    There was solid demand in some areas for older-style homes above $2 million, too, although market watchers say buyers are now choosier and the sales results between properties can be very inconsistent.
    The health of the $1 million to $2 million price segment has become a cr…
  • Inner city yet affordable: Freehold townhouses in Brisbane
    As Brisbane becomes an ever more popular homeowners destination, its rare to find inner-city homes for less than a small fortune.
    Freehold townhouses might just be the answer.
    When you buy freehold, you purchase the property and the land it stands on, which means no strata fees or body corporate payments.
    Weve found five townhouses close to the CBD that could be your very own patch of <a href="https://maps.google.com/?q=Brisbane.+%C2%A0+%0D%0A+%0D%0A+%0D%0A+…
  • Key workers ditch Sydney, flock to other NSW cities
  • South Yarra fixer-upper soars $825,000 beyond auction reserve
    Properties on larger blocks close to the CBD triggered the hottest bidding duels at Melbournes weekend auctions, with a dilapidated house in South Yarra eclipsing its reserve by $825,000.
    The five-bedroom fixer-upper at 95 Millswyn Street was auctioned in its lounge room amid Saturdays hammering rainfall.
    Auctioneer Philippe Batters from Williams Batters initi…