Top Stories in Australian Home Ownership May 10, 2016

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

  • More non-majors join rate cut frenzy
    Effective Monday 23 May 2016, the AMP Bank standard variable home loan interest … For new owner occupied home loans the AMP Essential Home Loan … move home, refinance, or invest in property, a mortgage broker can help.
  • Housing affordability worsens: Moody's
    … monthly income on mortgage repayments, up from 27.0% for the 12 months to 31 March 2015,” Moody’s analyst Natsumi Matsuda, a Moody’s Analyst. … however low interest rates could place upward pressure on house prices.
  • The hidden headache of unit renos
    More Queenslanders are buying older units with the aim of renovating to modern standards, but many dont understand their legal obligations and risk big fines.
    Older units and apartments, especially those built pre-2000, were much larger than they are today, which makes them attractive investments and ripe for renovation.
    But renovating a unit is not like upgrading a house, because permission from the body corporate must be sought for many additions or alterations….
  • How to turn outdated wood panelling into a contemporary feature
    Is the wood panelling in your home giving you renovation nightmares and putting off home buyers?
    Wood panelling might have been one of the most popular trends in the 1950s, 60s and 70s when it was widely used to decorate interior walls, giving rise to the look you probably remember in your grandparents house. But what if you are stuck with it in 2016?
    We tend to think of wood panelling as being a bit old-fashioned or out of date and often it is the sheer quantity o…
  • Negative gearing: RBA memo suggests curbing property investors' tax deduction 'may be good'
    The Reserve Bank of Australia has given some support to curbing negative hearing, saying it could be a good thing for financial stability.
  • Possible spring property boost thanks to election
    July federal election could “provide the Australian property market with a significant shot in the arm”
  • Cash Rate Total Return Index
    Media Release Number 2016-12: The Reserve Bank of Australia (RBA) has commenced publishing a Cash Rate Total Return Index (TRI), which members of the public can use as a benchmark with a risk-free rate of return. The TRI measures the performance of an investment earning the Cash Rate, where interest is reinvested.
  • More non-majors join rate cut frenzy
    More non-major lenders have joined the rate cut frenzy, announcing interest rate reductions across all variable rate home loans