Top Stories in Australian Home Ownership February 9, 2018

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

  • Mortgage interest rates continue to rise despite a stagnant cash rate
    The cost of servicing a mortgage for most Aussies has risen at its fastest rate in more than seven years despite the Reserve Bank’s 16-month freeze on the cash rate, according to the latest cost of living data from the Australian Bureau of Statistics (ABS). Interest charges on mortgages for employed…
  • New online tool helps NSW homeowners check insurance coverage
    This Friday, the NSW government will officially unveil a new online tool called the HBC Check. This tool allows NSW homeowners to assess whether building projects worth more than $20,000 on their property are covered by insurance. Coverage will safeguard homeowners against risks, including…
  • Interest-only loans spur fears of a time bomb of debt
    “APRA’s action could very well lead to a nice smooth diversification of the home loan books of the major lenders, on the other hand they could kind of burst this bubble of interest only loans and that the real concern is that they cause if you like a sort of a hard landing in the home loan market,” he said.
  • NSW homebuyers are turning to regional areas
    While the outskirts of Sydney were once considered undesirable, improved infrastructure coupled with soaring house prices has meant many property seekers are look further afield for their homes, including high-income earners, said Stephen Thompson, director at Allworth Homes. According to the…
  • Modern country: The off-grid pod home providing a welcome rural retreat
    South Africas Route 62 is something of a road less travelled, a route that winds its way for some 800 kilometres through the mostly arid Klein (little) and Groot (great) Karoo, taking its passengers through placid small towns, ramshackle hamlets and sprawling farmlands….
  • Interest-only loans spur fears of a time bomb of debt
    While regulators efforts to tighten lending seem to be working, it could still lead to a hard landing
  • Brokers cry foul over scathing report
    The mortgage broking revolution is now part of the establishment, says the Productivity Commission