Today’s trending stories in Australian home ownership and Home Loans.
- Property locusts swarm rate cuts
bank funding costs are still very high implying at least 50bps of further mortgage rate hikes to support bank margins;; lending … form of some kind of first buyer grant, it’s conceivable house prices will slide straight through rate cuts.
- Digital platforms the new focus for NAB subsidiaries
The platform, dubbed Mia, short for My Interactive Agent, is designed to help NAB customers get their home loan queries answered by a chatbot rather…
- Home loan hit: ASIC will seek to change laws if it loses key case
The corporate regulator will ask the government to change mortgage rules that could make it harder and more expensive for borrowers to get a new…
- Support of broker channel ramps up
Non-bank mortgage provider Resimac has backed the ‘Don’t Kill … the broking sector is vital in achieving the best outcomes for home loan borrowers.
- Crown Group chief executive bullish about prospects for Sydney apartment market
With demand for new Sydney apartments seemingly in free-fall in the wake of jitters over the banking royal commission, the Opal Tower cracks and another cladding fire, one developer is bucking the trend and actually raising his prices.
He is convinced that the series of strata scandals and continued lending restrictions will hit new and inexperienced developers hard but will actually increase home buyers appetite for product from better-established players in the market.
- Real estate agents report seeing ‘more zing’ from buyers at weekend auctions
Real estate agents reported stepped-up buyer enthusiasm for inner-suburban properties at the weekend as bidders turned out in reasonable numbers for about half of the citys auctions.
In Richmond, the bids flowed easily for an extended double-fronted timber house on 300 square metres at 124 Gwynne Street. The auction attracted 70 onlookers, mainly couples in their 20s and 30s.
- Nundah: Why it’s a property hotspot for Brisbane singles
In Aboriginal, Nundah means chain of water holes and there sure were watering holes aplenty as I drove down its impressive high street recently.
There were so many, in fact, that even though I missed the turn-off to Sandgate Road from the Airport Link, I found myself gawking left and right at the myriad upmarket retail offerings on either side of the road.
On one side of the street there were trendy barista coffee and…
- Moonee Valley council a global finalist for plan to grow urban forest
An ambitious plan to create an urban forest and plant 30 per cent more trees by 2040 has the City of Moonee Valley shortlisted for a major new international prize.
A panel of judges including entrepreneur Arianna Huffington and architect Daniel Libeskind recently gave the nod to the Melbourne municipality, which takes in Airport West, Essendon, Moonee Ponds and Flemington.
The prize, known as the Wellbeing City Awards, is divided into four categories: Community, Economy Op…