Today’s trending stories in Australian home ownership and Home Loans.
- Canberra vendors relying on post-auction negotiations in wake of lower clearance rates
A total of 66 properties are scheduled for auction today in Canberra, and if recent clearance rates are anything to go by, less than half will sell. But Domain analysis shows passed-in houses are still selling faster than those via private treaty….
- Foreign buyers hit Sydney’s trophy market with a run of listings
Foreigners are again making an impression on Sydneys trophy home market but it isnt the purchase of high-end mansions and penthouses keeping agents busy. Its all about selling the Sydney home….
- ‘Eye of the storm’: Sydney off-the-plan apartment buyers caught out by lower valuations
Sydneysiders who snapped up off-the-plan apartments at the peak of the property boom are now short-changed, with banks valuing their properties well below the agreed price.
Buyers unable to borrow the required amount to settle on their apartment are being forced to turn to friends and family, take out personal loans or even sell off assets to bridge the gap between what banks will now lend them off the back of lower property valuations and what they need to pay.
Many who purchas…
- RBA and ASIC call for enhanced financial literacy for young Australians
If household budgets, tax returns, loan repayments and superannuation investments make you anxious, youre not alone.
Recent ASIC figures indicate just over 40 per cent of Australian women find dealing with their finances stressful and overwhelming, while only a third of all Australians know the value of their super and only 59 per cent of Australians pay off their credit card in full each month.
The findings may come as no surprise, given the falling rates o…
- Be ready for the falling values in 2019
… 15-20% decrease from peak house prices in Sydney and Melbourne, and at the same time, stopped urging … Get help from a local mortgage broker.
- Bank hikes rates, reintroduces home loan fee
A regional bank has increased interest rates on its investor loan products and has introduced an establishment fee on its owner-occupied home loans.
- Bank to end white-label offering
… informed brokers that, effective early next year, it will no longer offer white-label mortgage products, as it moves to simplify its home loan offering.
- Use of bank branches dwindling: Roy Morgan
The ANZ CEO added that the branch network is not a terribly efficient or well used avenue for home loan origination. Conversely, the Roy Morgan…