Today’s trending stories in Australian home ownership and Home Loans.
- Insurers brace for payouts as claims spike from Sydney’s huge rain event
With roofs collapsing under the weight of the wild weather, floodwaters running into homes and new builds suddenly discovering damaging leaks all around, the home insurance industry is bracing for another huge round of payouts.
Already, by 7am Monday, insurers had received over 10,000 claims stretching from the south coast of NSW to south-east Queensland, inland and the ACT, totalling around $45 million.
We expect the total bill will be much higher, but we dont spe…
- New refuge to open in Melbourne’s west as youth homelessness soars by 76 per cent
The number of young people seeking crisis accommodation in Melbournes booming outer suburbs has grown so large, Melbourne City Mission is moving its youth refuge from Maribyrnong to the City of Wyndham.
The new project was announced last week with MCM chief executive Vicki Sutton saying the new refuge would house up to 10 young people at a time, with space for parents with young children.
The number of young homeless people in Wyndh…
- Check out this month's lowest five-year fixed rates
These home-loan offers bear mortgage rates below the 3% mark
- How to get a mortgage with bad credit
Missed payments and unpaid debts are hurdles that may deter you from getting a home loan, but it doesnt mean its impossible! We lay out how you could get a mortgage even with a not-so-ideal credit rating
- Here’s why borrowers need to check their mortgage rates
Borrowers whose mortgages are four years old pay $1,000 in extra repayments yearly