Today’s trending stories in Australian home ownership and Home Loans.
- One in six Sydney homeowners withdrew homes from auction in November
Sydney homeowners are losing confidence in the auction market, with the proportion of sellers withdrawing their properties from auction surging in November.
Last month one in six sellers got cold feet and called off their auction almost twice the rateof apprehensive homeowners during thesame time last year.
Its the most deflated homeowners have been in at least three years.
Clearance rates have also been in decline over the year, with…
- How a property price slump would affect existing homeowners
Two-way traffic: Australian house prices don’t always rise: they fell in the early 1950s, the early 1990s, in 2008 and 2010. Realise that the market will always … Advice: if you’re worried about values, stay close to experts such as mortgage brokers and real estate agents. Don’t be panicked be informed.
- Dilapidated Reservoir home sells for nearly $100,000 over reserve
A local investor beat out downsizers to buy a dilapidated weatherboard home in Reservoir at auction on Saturday.
There wasnt a spare spot on the footpath as the bidding for 8 Ameily Crescent got underway, with more than 50 people turning out to see the two-bedroom home go under the hammer.
Investor Shaun Campbell walked away with the keys after making the winning bid…
- IN TOO DEEP: Our $1.7 trillion bender could end in disaster
Banks set their mortgage rates by reference to the official interest rate, so the interest Australians pay on housing loans is currently low too. So far so good. But Australia has really … As 2017 ends, Australia’s east coast house prices have finally started falling. If that continues in 2018, the government will…
- Another big warning on debt for Australia. When will we listen?
The Reserve Bank likes to point out that Australian household debt is not as bad as it seems, because we have a lot of money in mortgage offset accounts. Australians are ahead on their debt … As 2017 ends, Australia’s east coast house prices have finally started falling. If that continues in 2018, the…
- Trump says fines against Wells Fargo could be increased
Reuters reported on Thursday that the new acting head of the U.S. consumer finance watchdog agency was reviewing whether Wells Fargo should pay tens of millions of dollars over alleged mortgage lending abuse, according to three sources familiar with the dispute. It was not clear whether Trump was…