Today’s trending stories in Australian home ownership and Home Loans.
- US ambassador Joe Hockey lists Hunters Hill mansion for $8 million
The ambassador to the United StatesJoe Hockeyand his investment banker wife Melissa Babbage look like they are settling into Washingtons diplomatic life for the foreseeable future given they have decided to list theirSydney home in the exclusive suburb of Hunters Hill.
The couple have been one of the suburbs most high-profile residents since they bought their Federation mansion 14 years ago in Babbages name for $3…
- Murray warns against SMSF property borrowing
Borrowing magnifies risk irrespective of the asset, and in self-managed funds, given the average size of savings versus median house prices around … to borrow and invest in residential property was not the smartest investment, particularly when house prices around the country were starting to slide.
- Beware of long-term reverse mortgages that eat up too much equity in your home
If you’re not sure your superannuation will last the distance when you’ve retired but you’ve paid off the mortgage, there’s a temptation to regard equity in your home as a source of income down the track if you ever need it. The way most people do this is via a reverse mortgage borrowing against the…
- Lenders offering discounts on interest-only investment loans
Bank of Queensland is also launching a new range of discounts for new borrowers with a loan-to-value ratio of at least 20 per cent, or 10 per cent with loan mortgage insurance. Investor interest-only loans at the bank are being discounted by 40 basis points to 5.04 per cent for loans between $250,000…
- Smart dishwasher for small apartments doesn’t need plumbing
A dishwasher that only washes dishes seems so 2017 compared to a new smart model.
TheTetracounter-topdishwasher a collaboration fromwater heater companyHeatworksandindustrial engineering company Frog Design doesnt need to be plumbed through the walls, making it ideal for smaller and rental kitchens.
Instead users plug it into a wall-socket, pour in the desired amount of water and co…