Today’s trending stories in Australian home ownership and Home Loans.
- Tighter lending standards badger home sales
The availability of credit has tightened over the past 12 months with banks responding to the decline in house prices and the Banking Royal…
- Bank deposit cost rise tipped to spark mortgage hikes
Bank deposit cost rise tipped to spark mortgage hikes … news for savers and self fund retirees, but not such a good sign for home loan borrowers.
- Does stamp duty make housing unaffordable?
Over the current financial year, home buyers paid out around $21bn in stamp duties
- Vendors warned to give reserves a ‘hair cut’ as Sydney clearance rate drops
The Sydney weekend auction clearance rate fell below 55 per cent on Saturday as home sellers reduced their reserve prices in some suburbs.
Agents are upping the pressure on vendors to take a haircut on the prices they had hoped to achieve.
This is being driven in part by a desire by agents to keep sales transactions ticking over and partly by the borrowing constraints being placed on buyers, which is reducing the sums that many are able to bid. But this is not so m…