Top Stories in Australian Home Ownership August 5, 2017

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

  • City of Sydney council area emerges the clear winner at UDIA awards
    The City of Sydney council area has emerged as the clear winner at the UDIA NSW | Crown Group Awards, the urban development industrys night of nights.
    The awards, which are organised by the Urban Development Institute of Australia (UDIA) and judged by a panel of industry heavyweights, were presented at a glitzy dinner in Sydney last night.
    Big winners included the Tramsheds at Harold Park, which won for Excellence in Retail Development; Connor at Central Park in Chi…
  • Older Australians are choosing renovation over retirement villages
    After living in Brighton for almost 50 years, Trevor and Jenny Tiller are in no rush to leave.
    But as the years go by, they have had to face some hard truths.
    Aged 81, Mrs Tiller, a former school psychologist, is living with a degenerative neurological disorder.
    In two and a half years, Jen has gone from walking slowly to barely walking, Mr Tiller said.
    Their son, an architect, convinced the couple to look into renovation options to make their ground-…
  • Tech entrepreneurs in Sydney’s east: Patrick Grove buys $28m Darling Point home
    Sydneys technology entrepreneurs have again made a big impression on the local trophy market, this time with internet boss Patrick Grove buying a $28 million knock-down-rebuild in Darling Point….
  • ‘Times have changed’: The surprising spots young Sydneysiders are moving to
    Many assume millennials are perennialrenters lured to Sydneys inner-city suburbs for the smashed avocado but new data paints a different picture of where our 25- to 34-year-olds areliving.
    In the past 10 years, its suburbs in Sydneys middle-ring, to the west of the city, that have seen the biggest surge in this younger demographic, census data shows.
    In particular, council areas like Strathfield, Cumberland, Burwood, Parram…
  • Rate rise talk has homeowners fixing mortgage interest rates
    Rate rise talk has homeowners fixing mortgage interest rates … safety of a fixed-rate home loan, Mortgage Choice chief executive John Flavell said. … Because house prices have been going up, people have been saying I can’t…
  • The overlooked victims of Australia's runaway property market
    On top of that, between 2002 to 2014, the average mortgage debt of young homeowners increased … Unfortunately for singles, the dream of home ownership is even tougher because they need to service a mortgage on one income.
  • Fixed rate demand highest in three years
    More borrowers are flocking to fixed rate loans as market activity and bank pricing changes create added uncertainty for consumers