Today’s trending stories in Australian home ownership and Home Loans.
- Slow wage growth and high home prices force children to stay at home with their parents
Recent economic conditions have given rise to generation rent or boomerang kids, as slow wage growth, high house prices, and skyrocketing living…
- Developer Growland unveils plans for luxury St Kilda Road apartments featuring ‘sky garage’
A new high-endapartment development in Melbourne will feature fingerprint recognition software and a cutting-edgelift system that allows residents to parktheir luxury vehicles intheir penthouse suites.
Local developer Growland has announcedplans toinclude Australias firstsky garage in its lavish 20-storey project at 613St Kilda Road, the site it acquired in 2015 for $12.1 million.
But the German-en…
- Deloitte: Mortgage slump suggests property downturn will continue
Deloitte has released its Australian Mortgage Report 2018, which forecasts that Australia’s housing correction will continue on the back of falling…
- Investors sharpen watch on RMBS
Issuance of residential mortgage-backed securities hit record levels in Australia last year, led by non-bank lenders. And even though the residential…
- How to get the best result from your valuation when refinancing, even if the property market is falling
Falling property prices across the nation would understandably give vendors the jitters, but a market downturn could also be putting some home owners in a tricky position, even if they arent planning to sell any time soon.
Home owners and investors looking to refinance especially those who bought at the peak of the boom could face an uphill battle if valuations of their properties come back lower than expected, or worse still, below purchase price.
- Low clearance rate shows Melbourne sellers determined to hold out for desired prices
Properties in tip-top condition offering a move in now solution to buyers were the best-performers in Melbournes weekend real estate market.
But the citys auction clearance rate dipped to 56.1 per cent.
The run of low clearance rates recently reflects the determination of many sellers to hold out for their desired prices. Real estate agents are increasingly in a tug-of-war with vendors, with some agents claiming that particular suburbs are now routine…
- Sydney’s auction clearance rate continues to drop with 51.4 per cent preliminary figure
A 1949-built house in a prized pocket of Kogarah Bay attracted enormous interest at the weekend amid signs that green shoots are emerging in some segments of Sydneys property market.
Sixteen buyers registered for the auction of the three-bedroom home at 34 Bruce Street.
Laing Simmons St George selling agent <a href="https://www.domain.com.au/real-estate-agent/john-kastellorios-12…
- UBS estimates a 20% cutback on Aussies’ borrowing capacity
UBS estimates a 20% cutback on Aussies borrowing capacity