Today’s trending stories in Australian home ownership and Home Loans.
- One bedroom v two bedroom apartments – which is better for the first home buyer?
Its a tricky proposition for the first time buyer faced with a steep entry point, especially in Sydneys inner suburbs, is it worth stretching the budget even further to get a second bedroom?
According to Domain Group data, two-bedroom apartments cost an average of 13 per cent more across Sydney, although this can varydepending on the suburb.
In Sydneys south and south-west, an extra bedroom will cost you 14 per cent more, while in the inne…
- Lowest loan rate since 1956 sparks regulatory fears and raises pressure on debt
Investment bank JP Morgan argues macroprudential controls will remain most restrictive for property investors and that the rotation from investor to … of higher interest rates and changes to lending standards,” according to the investment bank, which claims the 25-year mortgage bull market is ending.
- PricewaterhouseCoopers found negligent over Colonial Bank failure
The lawsuit concerns a fraud scheme centring on Taylor Bean Whitaker Mortgage Corp, once one of America’s biggest mortgage companies. Taylor Bean was a major customer of Colonial’s and authorities have said Taylor Bean overdrew its Colonial account for years to cover its own cash shortfalls.