Top Stories in Australian Home Ownership December 20, 2017

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

  • NAB refunds millions of overcharged home loans
    After failing to properly establish mortgage offset accounts, the National Australia Bank (NAB) has refunded a total of $1.7 million to 966 home loan customers. The bank self-reported the issue to the Australian Securities Investments Commission (ASIC) and has sought the help of PwC to review the…
  • How soon will the central bank raise interest rates?
    In fact, he even noted that the house prices in Australia is about 20% overvalued and could painlessly be corrected with 0-5% price growth over the next few years. “Don’t expect a property crash, at least not until you expect a recession, which we don’t. Property prices are not a bubble about to burst.
  • Hot Seat: Barry Oxley
    A: After the Commonwealth Bank made me redundant in 1998, I joined forces with a risk insurance adviser, writing loans for his clients. Up until that time, I hadn’t come across too many mortgage brokers and wasn’t aware there was actually a full-fledged mortgage broking industry. I had always enjoyed…
  • Seaholme: The relatively unknown enclave with some of Melbourne’s best beach views
    The beachside suburbs of Melbournes west have long been disregarded, only coming up on the radar when crazy stuff happens, like thiscocaine disguised as coffee bust last month, and then there was the famous <a href="…
  • Wealthy families in the market for Toorak trophy homes worth up to $50 million
    Two super wealthy Melbourne families are on the hunt for luxury trophy homes worth up to $50 million.
    In a sign of the extraordinary riches held in the citys bricks and mortar, a prominent real estate agency has confirmed it hastwo clients looking to drop between $35 million to $50 million each on a housein Toorak or its surrounds.
    Marshall Whitehas ta…
  • 5 property market trends to expect in 2018
    Banks have been using their oligopoly pricing power to lift home loan standard variable rates relative to the RBA’s cash rate since 2008, primarily by … Whether the Reserve Bank does find a way to raise interest rates in 2018 or not, one thing is clear mortgage rates are unlikely to decrease in the near…
  • NAB refunds millions of overcharged home loans
    The bank will be refunding a total of $1.7 million to nearly one-thousand home loan customers after administration errors caused loans to be overcharged.
  • How soon will the central bank raise interest rates?
    The projected fall in the unemployment rate to 5% next year may signal the bank to raise cash rates.
  • NAB refunds $1.7m for overcharging interest
    The bank has compensated 966 home loan customers after failing to properly set up their mortgage offset accounts
  • More Aussies gain access to 22-minute mortgage
    The fintech, which promises Australias fastest home loan, is now offering its products to borrowers in yet another state and territory