Top Stories in Australian Home Ownership May 16, 2016

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

  • Melbourne auction market remains steady as first home buyers rise
    Melbournes auction clearance rate steadied on the weekend following recent falls, with cuts to mortgage rates yet to significantlyimpact market activity.
    Melbourne reported a clearance rate of 74.3 per cent on Saturday, higher than the 73.1 per cent recorded onthe previous weekend, but below the 78.6 per cent recorded onthe same weekend last year.
    The market continues to produce consistently solid results for sellers with clearance rates tracking in a na…
  • Negative gearing is a tax debate masquerading as housing affordability
    Some have argued that it is investors that are driving up house prices. … spends more than 35 per cent of its income on mortgage repayments and in…
  • Sydney auction market soars as investors stage a comeback
    The Sydney auction market reported a remarkable result at the weekend, with newdata confirminginvestors are re-enteringthe market ahead of possible changes to negative gearing.
    The city recorded a clearance rate of 80.3 per cent on Saturday, the highest result since the 83.1 per cent recorded on July 18 last year at the peak of the house prices boom.

    Saturdays year-high clearance rate was significantly above than t…