Top Stories in Australian Home Ownership February 6, 2018

Today’s trending stories in Australian home ownership and Home Loans.

  • Regulators mull easing lending restrictions
    Last year, APRA limited the flow of interest-only loans to 30% of new mortgage loans. It also introduces a 10% annual growth cap on … According to CoreLogic, Sydney house prices have already declined by 3.1% since the market’s peak in July. Melbourne prices, on the other hand, have flattened out…
  • ME Bank: The overall financial comfort of Aussies has stalled
    Rather worryingly, more than half (56%) of households renting or paying off a mortgage reported they were contributing more than 30% of their disposable household income towards this cost, a common indicator of financial stress. Furthermore, the proportion of households who ‘worried about their…
  • Declining living standards are impacting mortgage repayments
    … the burden of mortgage repayments has been restrained by declining interest rates. However, this is offset by the fact that many people have bigger home loans than they did a decade ago, and those trying to save a deposit are under greater budgeting stress due to the substantial rise in house prices.
  • Tingalpa, Geebung, Keperra best Brisbane suburbs for first-home buyers in 2018
    The numberof first-home buyers in the national market is the highest in five years, according to the Australian Bureau of Statistics (ABS).
    South-east Queensland first-home buyers have it better than their southern counterparts because of the Sunshine States more affordable property prices.
    So with demand strong, which south-east suburbs should first-timers target this year to secure long-term performance?
    Hot Property Buyers Agency senior buyers agent…
  • Ready, set, go: This Hendra home comes with its own traffic lights
    If you have to live on a main road, you may as well do it with your own traffic lights.
    This Hendra home, in Brisbanes inner north, is located on busy Nudgee Road but has been fitted with its own set of traffic lights.
    Much like homeowners with an electricgarage or fence, any time you want to leave your house, all you do is press a remote button and the li…
  • ME Bank: The overall financial comfort of Aussies has stalled
    Rising mortgage stress and other factors have been blamed
  • Declining living standards are impacting mortgage repayments
    Weak wage growth, in addition to high medical expenses, has been blamed for the drop