Top Stories in Australian Home Ownership July 29, 2017

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

  • Press scion Alexander Ma trades up to $27 million Vaucluse house
    Alexander Ma, the son and heir apparent of Hong Kong press baron Ching-KwanMa, has staked his place on Sydneys trophy-home market by buying aVaucluse mansion for about $27 million.
    It is a substantial step up for the 28-year-oldfrom the Dover Heights home in which he owns a minority share with his father, who bought itin 2002for $2,525,000.
    Ching-KwanMa isbest known internationally asthe owner of Hong Kongs media empi…
  • Melbourne: Coast and Country
    15 The Promenade, Somers $2.9 million-$3,245,000 4/5 bedrooms, 3 bathrooms, 3 car spaces
    Virtually on the sand, with a gate to the beach, and just near the mouth of the Merricks Creek, this four-bedroom weatherboard is a rare offering with no road obstructing the view that stretches to Phillip Island.
    The house is set at the back of a large triangular block…
  • Quandary for regulators as house prices take off again
    House prices have surged ahead in July, led by a 3 per cent jump in Melbourne, defying efforts by regulators to cool the property market. The rebound…
  • $51 billion budget bonus in Greens plan to curb negative gearing
    The Greens plan would cut the capital gains discount for property investors to zero within five years. … “Negative gearing and capital gains tax discounts have driven house prices sky high, making it easier for wealthy people to buy…
  • Christmas comes in July for real estate investors — here's why
    Christmas comes in July (or August) for property investors because many have a big tax refund heading their way soon, or at least some big tax…
  • Broker commissions pushing rates up: UBS
    A leading analyst has said a blow-out in commissions is adding 16 basis points per year to every Australians mortgage
  • Lender reports rejuvenated mortgage growth
    The second tier bank has presented a stronger upsurge in its mortgage portfolio after reporting relatively flat results last financial year