Top Stories in Australian Home Ownership July 12, 2018

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

  • Macquarie rate hike may lead other banks to follow suit
    Although the Reserve Bank of Australia did not raise its rate last week, Macquarie pushed through with its own hike and said that its mortgage rates…
  • Heritage bank allows borrowers to fast-track loan applications
    Toowoomba-based regional lender Heritage Bank unveiled its newest offering for borrowers: It will expedite the approval of home loan applications…
  • Is Brisbane's oversupply problem a myth?
    A local property specialist suggested that the idea of Brisbane suffering a supply glut may be overstated, as its apartment and townhouse markets…
  • Slowdown in lending will hamper building activity, expert says
    However, Reardon said ABS’ housing finance data point out to a general slowdown in the market, as home loan growth remained subdued for the first…
  • ‘It’s a renter’s market’: Asking rents fall across pockets of Sydney
    Renting a house in some of Sydneys most expensive neighbourhoods has become cheaper over the yearas they compete withnewly built apartments on therental market.
    While themedian asking rent for houses across Sydney remained at $550 for six quarters in row, renters in the city and east are now paying $60 less than they were a year ago.
    The median house rentin Sydneys inner citydropped 5.5 per cent year on yea…
  • Positive outlook for Perth rental market: Stock comes down, yields go up
    Perths rental market may start to attract more investors, experts say, as gross yields continue to grow.
    The Domain Group Rental Report, released on Thursday, showed that while rental house prices were down for the quarter and the year, yields were among the highest in the country.
    Perths median weekly rental price fell by 1.4 per cent for houses to $350 per week, and unit prices held steady at $300 per week in the June quarter.
    Despite th…
  • Melbourne rental market feels chill as house and unit rental prices flatten
    Rental prices have held steady across Melbourne as winter sets in and demand for properties slows.
    The latest Domain Group Rental Report, released on Thursday, showed both median house and unit rents stayed at their March quarter levels of $430 and $400 per week respectively.
    This was typical for the June quarter, Domain group data scientist Nicola Powell said, as the rental market tended to slow in the colder months.
    Particularly in that inner a…
  • Canberra weekly house rents have topped the nation: Domain report
    Renters in Canberra are being faced with the most expensive weekly asking rents for houses in the nation, according to the latest Domain quarterly report.
    Domains State of the Market Rental Report for the June quarter shows Canberras median weekly asking rent for houses is currently $550, on par with Sydney.
    Domain chief data scientist Dr Nicola Powell said Canberras tightening rental market has contributed to the rise.
    Its unsurprising …