Top Stories in Australian Home Ownership August 6, 2016

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

  • “It’s not just a tourist attraction” – Three of the best in Bondi Beach
    Its a suburb that makes regular appearances on lists of Australias top places to visit and remainsa popular day-trip for Sydneysiders, but theres a subtle shift in demographics taking place inBondi Beach as the population becomes less transient.
    Its not just a tourist attraction anymore, its become somewhere people want to live, says agentJason Pantzer,of Phillips Pantzer Donnelley.
    Developments like the Pa…
  • Make most of low rates and pay off debt
    If you’re delaying a switch to a cheaper home loan because you think the … Had she shopped around and got her mortgage through online lender…
  • Buying a house in Melbourne: map shows boom in $1m median price suburbs
    Depending on where you sit on the property ladder, this animation could either be heartening or soul-destroying.
    For anyone who owns property in the red areas, it shows you are probably sitting on at least $1 million. For anyone looking to break into the market, it is a guide to all the no-go zones.
    These areas are all members of the million-dollar club, places where the median house price is more than $1 million.Many suburbs have blossomed ormutated,&nb…
  • Smaller lenders follow big banks, hold back interest rate cuts
    ING customers with an orange advantage variable home loan will see rates … At least 18 lenders have cut mortgage rates since the RBA’s 25-basis-point … They also tweaked a range of home loan products and lifted rates for term…
  • Banks not bad guys you think they are
    With all the attention that is paid to how much mortgage holders will save whenever there is a rate cut, it was largely overlooked that the banks…
  • Home equity: Homeowners pumping up mortgage to pay for school fees, holidays
    Home loan broker Mortgage Choice yesterday said it was common for … Official data reveals that home ownership rates in Sydney have plunged to 58…
  • Warning not to rely 100% on technology
    Technology is making it easier to assess property but the REBAA says its risky business to invest based on technology alone
  • More non-majors slice interest rates
    Bank of Queensland, ME and Virgin Money are the latest lenders to announce home loan interest rate reductions following the RBAs decision to cut the cash rate to 1.5%
  • Non-major increases use of third party channel
    Suncorp Bank has reported home lending growth of 5.9% in FY2016, with mortgage brokers now responsible for almost two thirds of home loan flows