Top Stories in Australian Home Ownership January 25, 2018

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

  • US home sales fall as record low inventory boosts prices
    In December, existing home sales fell 7.5 percent in the Northeast and dropped 6.3 percent in the Midwest. Sales slipped 1.7 percent in the South, which accounts for almost half of the existing homes sales market. They fell 1.6 percent in the West, which has seen a strong increase in house prices.
  • The cure to Australia's severe housing unaffordability: get rid of tax breaks
    If house prices decline and nothing else happens, then 70% of households would be worse off, he said. The government could also try to redistribute the tax savings achieved from scrapping negative gearing to households that need it. However, this would leave young, wealthy investors in a bad…
  • MyState Bank drops home loan rates
    Hobart-based MyState Bank recently announced it had dropped rates for new fixed-rate owner-occupied home loans, as well as fixed- and variable-rate investment home loans. Effective from Tuesday, MyState is slashing its owner-occupied three-year fixed home loan rate by 75 basis points for…
  • Home is where the yurt is: Four alternatives to a traditional house
    The fair majority of us, if we can afford it, tend to shackle ourselves to a hefty mortgage that can take decades to pay off.
    But plenty of people choose to take a more unconventional housing route, either to avoid a mortgage altogether, or lessen the financial strain. We meet four people who have created awesome alternatives to a traditional living arrangement.
    Vinnie the Valiant
    Emily Uebergang has spent the past year paying $20 a week in utilities to live in her cara…
  • New Year’s resolutions for the Australian property market, that we will all quietly ignore
    Hows 2018 treating you, friends? By now that hopeful first blush of the new year should have been replaced by the sickly pallor of mid-January and that makes this a perfect time to ask: so, how are those New Years resolutions going?…
  • ‘January as busy as December’: Shortage of stock forces buyers’ hands
    January may traditionally be one of the quietest months for real estate in Brisbane buta supply and demand issue has kept competition amongbuyers as strong as it was in December, agents say….
  • Victorian government to co-purchase houses with 400 first-home buyers
    Hopeful first-home buyers across Victoria will soon be able to apply for the state government to cover up to a quarter of their mortgage.
    The shared equity scheme, known as HomesVic, will be available to low-income earners looking to buy in select growth areas and regional centres.
    The state government announced it wouldco-purchase up to 400 properties, taking an equity share of up to 25 per centof each home.When the properties are sold, the government w…
  • The cure to Australia's severe housing unaffordability: get rid of tax breaks
    For some homeowners, it makes more sense to look at property as an investment to speculate on
  • MyState Bank drops home loan rates
    Rates were dropped for fixed-rate owner-occupied home loans, as well as fixed- and variable-rate investment home loans