Top Stories in Australian Home Ownership January 22, 2018

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

  • ASIC 'secret shoppers' to probe mortgage brokers
    As part of our ongoing review of mortgage broking practices, we are undertaking consumer and broker research to better understand the home loan purchase process, ASIC senior executive Michael Saadat told The Australian. He said the intention was to find out which factors, aside from commissions,…
  • Parramatta is catching the attention of property experts
    Guildford West and Granville are close behind, with median house prices of $807,500 and $824,500, respectively. Meanwhile, House and Co Realty’s Chandelle Lord said the recent drop in prices in the region could eventually stir up a competition. “I believe it will be a repeat of the conditions from about…
  • The household debt-to-income level is dangerously unsustainable
    The nation arrived at this unwelcome milestone following a change in the classification of mortgage debt owed by self-managed super funds (SMSFs). Since late … There has been an explosion in SMSF borrowing to buy into the property market amid surging house prices earlier this decade. Borrowing…
  • Parramatta is catching the attention of property experts
    Despite its slowdown last year, the Parramatta is expected to be a hotspot for affordable properties.
  • Gold Creek’s iconic The Green Herring up for sale
    An iconic local restaurant business is for sale that offers new owners the opportunity to be part of an ongoing story that began nearly 160 years ago
    The Green Herring Restaurant is located in the historic Ginninderra Village in Gungahlin near the popular Cockington Green and the George Harcourt Inn.
    Its housed in one of Canberras oldest buildings; a 150-year old slab hut that was raised in 1860 in the small NSW town of Bookham (in the Yass valley shire).
  • Did you buy an apartment while on a beach holiday? It might not have been the best idea
    White sand, bath-temperature waterand everlasting sunshine would beenough to make anyone fall in love with a place while on holidays. Maybe even dropa cool half a million on a new holiday home.
    Unfortunately, investment experts say that can be a recipe for a making asuboptimal purchase, leading to high turnover rates for properties in holiday regions.
    Propertyologys Simon Pressley said the same things that make a holiday a fun and relaxing ex…