Today’s trending stories in Australian home ownership and Home Loans.
- Sydney’s prestige property market feeling ripple effect of wider downturn
Sydneys prestige home owners are feeling the ripple effect of the housing downturn with longer sales campaigns and more discounting before they score a sold sticker.
Across Greater Sydney it is taking an average of 85 days to sell homes in the $3 million-plus prestige range, up 18 per cent on February last year.
Domain data also shows discounting from the advertised price to the sales result in the prestige market has hit 10 per cent, the first time it has hit double digi…
- The areas of Melbourne where houses are taking longer to sell
It took just three days for Paul Heath and his partner David McLean to sell their investment property in West Footscray.
The couple listed their townhouse on Dongola Roadon a Wednesday earlier this month. By the Sunday they were celebrating success.
Under normal circumstances, this would…
- A garden studio in Moonee Ponds to capitalise on what would otherwise be ‘dead’ space
Two or three times in discussing a small backyard project in Moonee Ponds, architect Michael Ong refers to the double-level structure as a tin shed. And thats accurate because, save for the recycled brick facade to the laneway entry of the garage, it is clad in corrugated iron….
- Unisuper pumps stunning $1.3bn into major bank hybrids + banks cutting for RBA
Finally, I contend that with national house prices plummeting, SP may be compelled to look at downgrading recently issued RMBS deals in which…
- What does rising unemployment do to house prices?
But it is a standing warning for the lunatic RBA that if it waits for unemployment to rise before easing then it is also be waiting for house prices to fall…
- Banks could do the RBA's job on rates
Let’s talk about plummeting house prices, why the banks could cut rates for the RBA, and Unisuper’s hitherto undisclosed $1.3 billion bet on hybrids.
- Is The ANZ (ASX:ANZ) Share Price Worth Buying For The 6% Dividend Yield?
The current level of dividends from ANZ seems entirely sustainable if Australia’s house prices don’t keep falling at such a fast rate. However, some…