Today’s trending stories in Australian home ownership and Home Loans.
- ‘Impossible to value’: Australia’s most unique beach property with 500m of beach frontage
This could be Australias ultimate and most unique beachfront estate….
- Mortgage warning: 8 per cent is the new 17 per cent
When mortgage holders were enduring the agony of the 1980s, various ABS figures reveal the average Australian home loan was only 2.5 times the…
- Young couples losing home dream, research shows
The majority of young families are now renting or living with their parents, according to new data which shows soaring house prices have robbed…
- Ashwood: Screaming with ‘buy in’ opportunity and plenty of tears for design lovers
Architecture lovers must bawl when they come to Ashwood. Serious tears streaming. Its here, in this little wheres that? suburb, that a couple of architect Robin Boyds classics stand, and they are seriously unloved….
- The rise of the grown-up gap year: Meet the couples escaping the rat race
When youve just finished high school or university, its almost a rite of passage to flit off into the sunset for the trip of a lifetime.
But what about when youre a little older and taking the conventional route of climbing the career ladder, paying off a mortgage or raising kids?
We asked three couples why they believe a grown-up gap year is just the ticket.
Happily spending the house deposit
<img alt="Stu and Ali…
- Interest rate risk for under-40s as debt burden balloons
The average mortgage burden on home owners aged under 40 doubled … released on Wednesday, demonstrates how high house prices are affecting the lives of …. Home ownership among 18-39 year olds is also in sharp decline.
- 'A social crisis': Number of homeowners under 40 falls dramatically in four years
Home ownership for Australians under 40 dropped dramatically from a third to a quarter … Melbourne’s house prices undertook a similar trajectory. … into their 70s, considering the high cost of housing and 30-year mortgage terms.
- ‘A social crisis’: Number of homeowners under 40 falls dramatically in four years
Home ownership for Australians under 40 dropped dramatically from a third to a quarter in just four years, a new survey released on Wednesday shows.
Latest figures show 31.2 per cent of 18 to 39 year olds owned a home in 2010, compared with 25.2 per cent in 2014, the Household, Income and Labour Dynamics in Australia (HILDA) Survey found. In 2002, 35.7 per cent owned a home.
And while six in every 100 people between the ages of 18 and 24 owned a home in 2002, this figure has now…
- Statement by Philip Lowe, Governor: Monetary Policy Decision
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.
- Households in mortgage stress rose in July
The main drivers of stress are rising mortgage rates and living costs. This is set against a backdrop of plummeting real incomes and growing underemployment.
- YBR brings in cash surplus of $600k
The mortgage franchise has reported another positive quarterly result with strong figures particularly in its commercial lending arm
- Resi lending surges by $10bn in June
Total owner occupier and investment loans have surpassed $1.57trn, according to the latest APRA banking figures