Today’s trending stories in Australian home ownership and Home Loans.
- Remaining majors respond to recent rate cuts
… home ownership dreams without having to compromise on their lifestyles. … flyer points on eligible new applications for the Reward Me home loan.
- 5 Ways to Lower the Cost of Retirement
Many seniors enter retirement on the hook for the same mortgage payments they were responsible for during their working years. But if you manage to…
- Properties in Melbourne’s inner city, outer fringe risk lower valuations than buyers paid
Home buyers in Melbournes inner city and outer fringes risk paying too much for their properties as the housing market weakens, experts say.
But the risk is lower for buyers looking at suburbs in between, or the prestige market, as both purchasers and vendors adjust to the markets new normal.
Residential property valuers focus on recent similar sales when estimating the worth of a home in a falling market.
But purchases made off the plan can take two years t…
- Scott Morrison writes to mortgage brokers warning of the potential risks of a Shorten led government
Prime Minister Scott Morrison has reached out to mortgage brokers across the country warning them a Bill Shorten-led government would deliver a…
- Buyer beware: Warnings of ‘rorts’ for new apartment buyers
Its been branded the biggest new rort in apartment living: a way of locking unwary new unit owners into expensive long-term contracts to pay for basic services the developer of the building should have provided.
Instead of paying to install the necessary building infrastructure, such as gas, electricity, water, stormwater filtration, heating, airconditioning and internet access, some developers are transferring the costs onto owners via inflated service contracts.
- Sydney suburbs where rents are cheaper than five years ago
Rents in more than two dozen Sydney suburbs are now the same price or cheaper than five years ago, with tenants saving up to $120 a week, data shows.
With median weekly asking rents falling across the city, some tenants can now find a rental property for less than they would have paid back in 2014, according to new Domain data.
Apartment rents in 14 suburbs are now lower, with the biggest decline seen in North Ryde, where rents dropped $120 or 18.5 per cent&md…
- Non-major joins fixed-rate cut trend
Heritage Bank is the fourth lender to reprice fixed mortgage products over the past two weeks