Today’s trending stories in Australian home ownership and Home Loans.
- US home sales surge, signalling upward momentum
… Donald Trump soon, will cap the deduction for mortgage interest at $US750,000 in home loan value for residences bought from January 1, 2018, through December 31, 2025. … “The hit to national house prices is estimated to be near 4 per cent at the peak of their impact in summer 2019,” said Zandi.
- US mortgage activity falls to 10-month low – MBA
NEW YORK (Reuters) – The weekly volume of U.S. mortgage applications decreased to its lowest in February, even as some 30-year home borrowing costs fell to a two-month low, the Mortgage Bankers Association said on Wednesday. The Washington-based group’s seasonally adjusted weekly index…
- What you need to know before renting your home on Airbnb
- How open is the housing market to Bitcoin?
Without a doubt, the current Bitcoin boom has led some investors clamouring to increase national exposure to the cryptocurrency market. This unregulated digital coin is shaking up the financial and investment space, and many believe it will not take long for Bitcoin to dominate the property market.
- Today will be the biggest day of the year for Australia’s property industry
Today, four times as many property transfers will take place in 24 hours than usually take place in an entire week, as buyers prepare to spend the holidays in their new homes.
In a normal week, GlobalX chief executive Peter Maloney would expect to see 5000 properties changing handsthroughout Australia. Tomorrow, 20,000 transfers will take place.
Mr Maloney said it was a combination of the spring selling season and rush to be in a new home by Christmas that caused the spike…
- The role amateur investors play in home price movements
The proportion of new mortgages written to non-institutional investors is at an extreme level by international standards
- Appointment of Assistant Governor, Corporate Services
The Governor, Philip Lowe, is pleased to announce the appointment of Susan Woods to the position of Assistant Governor (Corporate Services) at the Reserve Bank of Australia.