Today’s trending stories in Australian home ownership and Home Loans.
- Richard Gu’s AXF Group pulls out of another Sydney home after failing to buy Cate Blanchett’s home
Chinese property developer Richard MingfengGu made his name in Melbourne as one of the rising stars in property development, butin Sydneys property circles his family company isbetter known for defaulting on the $19.8 million purchase of Hollywood star Cate Blanchetts Hunters Hill mansion….
- Spread of $1m-plus suburbs reaches across Sydney, Melbourne
A slight fall in house prices gives little hope to some locked out of the property market, with the affordability challenge looking stark after a five-year bull run. The rise of million-dollar-plus suburbs has spread to the outer reaches of Sydney and Melbourne, CoreLogic research shows, while affordability is…
- Wayne Byres: APRA to maintain vigil on lending
… Byres has warned banks that the regulator will continue its controls on home lending, saying that it is not declaring victory yet on home loan quality. … strengthened capital adequacy for mortgage lending that had been imposed by APRA, and the comprehensive credit reporting being mandated by…
- Crocodile Dundee's wise words for the world of real estate
Sydney and Melbourne in 2018 (5.5 and 4.9 million people) are not quite New York of 1986, but their strong population growth is a key reason for some of the world’s most expensive house prices. Oscar nominee Margot Robbie appears in the fake Crocodile Dundee movie trailer. Put simply, house…
- Melbourne property prices soar in areas popular with first-home buyers
House prices have soared in city fringe areas where first-home buyers have flocked to since stamp duty concessions were introduced, sparking criticism the popular Andrews government policy has inflated prices in traditionally affordable areas.
An influx of first-home buyers has been recorded in municipalities including Melton, Wyndham, Hume and Casey since the concessions were rolled out on July 1last year, coinciding with strong price growth for houses and units.
- Melbourne property market in 2018: Suburbs to watch and where to buy
Its that time of year. As we all pause to draw breath after a scorchingly hot 12 months in real estate, Domain gazes into its crystal ball to see what the new year has in store with the hottest areas and sought-after properties. Can 2018 hope to live up to the standards set by its predecessor, in which all records were smashed at auction and the $2 million club became the new standard for blue-chip Melbourne? Lets see.
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- House of the Week: Home resembling a geometric puzzle lists in Carlton North
Seriously,if you had your way, wouldnt you live in Carlton North?
The majestic north-south streets sweep their palm-lined way up to the city skyline; the two-storey terraces are as classic as they come and the parks and proximity to the best of inner Melbourne makes this patch irresistible.
The period features of this superb home have been handsomely retained, while a brilliant reno…
- Bank to monitor struggling property borrowers
The lender will compare monthly mortgage repayments with borrowers income ratios
- Group calls for scrutiny of trail commissions
It says that trail commissions are most perverse in the buying and selling of mortgage loan books