Today’s trending stories in Australian home ownership and Home Loans.
- Suburbs where residents are saving $50-plus a week buying vs. renting
Typical Wellington rent is $240 per week while paying down a mortgage on a home at the town’s $149,000 median house price was $97 cheaper at $143 per week. The savings for buyers in Tamworth ranged from $60 to $69 a week, while in Wagga purchasing a home was roughly $50 cheaper.
- Wells Fargo 2018 expense guidance in line with expectations
(Reuters) – Wells Fargo Co WFC.N set aside more money in the fourth quarter to cover legal expenses related to probes into its mortgage and sales practices, but its 2018 cost outlook met analyst expectations as the bank tries to rebound from the scandal in its consumer banking business. The bank…
- Hobart is gentrifying, but not everyone is better off because of it
University of Tasmania housing expert Kathleen Flanagan said the increase in high-end shops in Hobart’s city centre, rising house prices and the tourism boom were all signs of gentrification. However, she said the benefits were not evenly distributed, and some people were worse off because of it.
- Hotel mogul Jerry Schwartz the buyer of Chio Kiat Ow’s $67 million Vaucluse trophy estate
Hotel developer Dr Jerry Schwartz and his wife Debbie are making a significant upgradefrom their Vaucluse waterfront home, Loch Maree, to the nearby estate Phoenix Acres, which they recently bought fromSingaporean tycoon Chio Kiat Ow for close to $67 million….
- What are the best times of year to buy a house?
My biggest goal for 2018 is to buy a home with my husband. After a decade of renting, its an exciting step for our little family.
We have been keeping an eye on listings for a while now;sending each other links of potential properties and discussing the realities of our must have verses nice to havelists. But now that our loan application is under way, we are ready!
Unfortunately, the market isnt ready for us new list…
- Broker skills in high demand for 2018
New research suggests mortgage broking will be a hot career in the year ahead
- How mortgage lenders assess an application
We take a look at what lenders are looking for when they examine your loan application, and how you can make yourself look great in their eyes.