Top Stories in Australian Home Ownership August 11, 2016

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

  • NZ parliament vigorously debates housing affordability
    If one looks at the 2009 to 2016 level, national house prices across the … If one looks at Auckland over the period 2009 to 2016, house prices grew 82 … afford the $1,000 a week mortgage needed for the average Auckland house?
  • We need to look after shareholders, deposit customers hurting: CBA
    Just like the home loan customers, these are Australians from all walks of life. … In his last speech as RBA governor, Glenn Stevens yesterday said the big banks’ mortgage and business loan rate decisions had not been surprising.
  • Brisbane’s surprising million-dollar suburbs
    Brisbanes top suburbs for million-dollar-plus sales havebeen revealed, and Bulimba has been named as No.1.
    The latest data from Domain, which based the numbers on million-dollar-plus sales recorded so far this year, showed 67 properties worth $1 million or more had been sold in Bulimba.
    While New Farm came in a close second to Bulimba, suburbs in Brisbanes eastern corridor dominated the top 10 and included Hawthorne, Coorparoo, Camp Hill and Carindale.
  • Commonwealth Bank's call to arms
    Within seconds of the Reserve Bank’s 0.25 percentage point cut to the cash rate last week, the CBA announced it would cut rates for home loan…
  • Broker group expands into property services
    A leading mortgage broker network has expanded its service portfolio to include buyer advocacy, vendor advocacy and property management
  • Variable rate cuts will not last long, says mortgage veteran
    Consumers and brokers should not expect the recent variable rate cuts to last for long, a mortgage industry veteran has cautioned