Top Stories in Australian Home Ownership May 13, 2018

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

  • The government-backed scheme that beats a reverse mortgage
    Dear Nicole,. I wonder what you think about the budget’s changes to the Pension Loans Scheme. Our story is a familiar one: my wife and I (both 70)…
  • Respected Melbourne planning expert Michael Buxton retires from RMIT
    One of Melbournes most respected and outspoken planning experts, Michael Buxton, has retired after a long career spanning academia, local and state government.
    Professor Buxton was farewelled at RMIT University earlier this week, where he taught for two decades.
    In that time, the citys populationballooned by1.5 millionandhundreds of high-rise towers were stacked into the sky.As he putit: Its just a completely …
  • Sydney’s wealthy home owners dodge price correction
    As homeowners brace for falling sale prices,some of Sydneys wealthiest residentsmay be toasting their success this week, with new data revealing their homes are selling faster than a year ago.
    Stock at the ultra-prestige level, regarded as having a value of $10 million or more, is notorious for taking longer to sell.
    ButDomain Group data shows the average days on market at that level fell 9.2 per cent in the year to February to227days, down f…
  • Five Dock home sells for $2.3m at hot auction on a cool Sydney day
    While the property sold above Five Dock’s median house price of $1,722,000, house prices in Sydney dropped 2.6 per cent over the March quarter.
  • Spirited auction bidding, but Richmond house just squeaks past $2.03m reserve
    Spirited bidding on a renovated house in one of Richmonds well-known pockets saw an auctioneer and a buyers agent at odds on Saturday.
    The property at 5WertheimStreet eventually sold just over its $2.03m reserve price but buyers agent Mark Brilliant and auctioneer Andrew Macmillan, of Jellis Craig, ended up at odds over a withdrawn bid.
    It was one of 7…
  • Leading economist predicts Sydney unit demand to outgrow house demand
    One of Australia’s leading economists has claimed unit prices in Sydney will overtake house prices, and Sydney’s market will stay Australia’s strongest.
  • The trap with house prices
    Brisbane buyers agent Darren Piper is warning buyers about sneaky agent tricks to hook buyers in and the trap with house prices.