Top Stories in Australian Home Ownership May 27, 2019

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

  • Couple blames $430000 loss on Westpac's 'irresponsible lending'
    … Westpac Banking Corp for failing to assess their home loan applications properly after it underestimated their living expenses by $6570 a month.
  • The $5 million-plus Toorak house set to be knocked down for apartments
    A $5 million-plus Toorak house is set to be knocked down for prestige apartments by a company linked to the original developer of Melbournes Eureka Tower.
    The Edwardian residence, sold by a downsizer, was said to be in good condition but ready for a renovation.
    Set on about 1100 square metres, the property at 763 Malvern Road is between the sought-after boulevards of Clendon and Irving roads, and close to trams and trains.
    A private company directed by Tab Fried, D…
  • Lender unveils lowest mortgage rate in Australia
    The interest rate will be available to new borrowers and refinancers
  • ‘A good feeling out there’: Agents upbeat as bidders return to Sydney auctions
    Optimism has returned to the Sydney auction market following last weekends surprise federal election results, with a big weekend of sales and renewed interest from buyers.
    On Saturday, 583 auctions were held across the city, with a clearance rate of 62 per cent.
    Domain economist Trent Wiltshire said the Coalitions win coupled with the Reserve Banks hints of interest rate cuts and the loosening of lending criteria which…
  • Confidence returns to Melbourne’s auction market, pundits suggest, in second-biggest weekend of the year
    Bigger crowds and optimistic buyers marked auctions across Melbourne at the weekend, the first since the re-election of the Coalition that pundits say has contributed to a feeling of confidence.
    On Saturday, 865 auctions were held across the city, the second-largest number of auctions in Melbourne so far this year.
    Domain economist Trent Wiltshire said the Coalitions win coupled with the Reserve Banks hints of interest rate cuts and…
  • Lenders adjusting mortgage rates
    Beyond Bank has slashed fixed rates across a range of mortgage products, including its Total Home Loan Packages and Pinnacle Plus Packages.
  • Dividend Story of Bank of Queensland
    These bearings were partially offset by the mortgage repricing, which … which is now comprised of a home loan portfolio of greater than $2.1 billion.