Today’s trending stories in Australian home ownership and Home Loans.
- High costs of construction threaten Queensland’s industry, developer claims
Construction costs in Queensland are rising as building approvals plummet, whicheconomists and property industry experts say is a recipe for disaster for the states struggling economy and has almost scared off developers completely.
Economist Michael Matusik recently published research which showed a 5 per cent rise in construction costs for the sunshine state, the highest in the country.
I think Queenslands in for a tough period of time, he sai…
- Patterson Lakes: ‘Sensational’ Melbourne waterfront in retiree heartland
On a sunny day in Patterson Lakes, 35 kilometres from Melbourne (Mornington Peninsula-way), the harbour waters glimmer mirage-like. Were talking mirage-like as in Sheraton Mirage Port Douglas. Palm trees, thousands of them, grow from perfectly maintained front gardens. You could be in a resort….
- ANZ to make major overhaul of staff pay arrangements
The bank’s net interest margin a key profit metric was stable and Mr Elliott said the mortgage business was growing faster than the rest of the…
- Owner-occupier focus pays off for ANZ
Mr Elliott attributed ANZ’s 1.3 per cent growth in mortgage lending during … it above the combined average growth of the home loan market, at 1 per cent. … regulator cracks down on property investors amid fears of a price bubble.
- Home loans lift ANZ to $1.8b Q3 profit
ANZ made a cash profit of $1.79 billion in the third quarter of its fiscal year, helped by above system growth in owner-occupier mortgage lending.
- The RBA is 'less confident' house price excesses are cooling say economists
… on lending that were imposed in late March, including a measure to limit interest-only lending to no more than 30 per cent of new mortgage lending.