Today’s trending stories in Australian home ownership and Home Loans.
- Fee-for-service 'failed' in Netherlands
Mortgage broker commissions from lenders were completely banned in 2013, … for everyday Aussies who are looking for the best home loan solution.
- Expect larger price declines ahead as lending slumps
JPMorgan chief economist and managing director Sally Auld told the Herald that this could have a potential impact on house prices. “It would be quite…
- Melbourne’s most expensive suburbs and where to look instead
Property prices are dropping in Melbourne, but it doesnt mean every suburb is offering the ultimate bargain.
Domain data has revealed the most expensive suburbs are still well out of reach for most buyers unless you are already well established in the area or are expecting a decent pay bump at work.
Even though prices are dropping, Domains latest house price median data shows Toorak is Melbournes most expensive suburb with a …
- Number of new home loans plunges nearly 20 per cent in 2018, ABS data shows
The number of new home loans approved last year plunged almost 20 per cent, signalling further price falls and cheaper houses, according to economists.
Tighter lending conditions, cooling investor demand and the then-impending banking royal commission final report were the major factors for the decline.
The number of mortgages taken outacross the country dropped by 19.8 per cent in the year ended December 2018, Australian Bureau of Statistics data released on Tuesday showe…