Top Stories in Australian Home Ownership November 11, 2017

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

  • Pokie heir Mark Ainsworth sells Birchgrove’s Clifton Villa for $9.5 million
    The sons of Sydneys billionaire pokie king Len Ainsworth and luxury car dealer Ian Pagent have done a $9.5 million deal on the historic Birchgrove residence, Clifton Villa.
    Mark Ainsworth,one of seven sons of the Aristocrat Game Technology chairman, set a Birchgrove record when he bought Gothic-style residence on the Birchgrove clifftop with his then wife Belinda in 2000 for $3,525,000.
    Records show Nick Pagent, chief executive of the familys Auto Sports Grou…
  • Roy and Anthony Medich pay $12 million for Potts Point terrace
    AnItalianate terrace in Potts Point, Highclere, has sold for more than $12 million to fatherand son property investors Roy and Anthony Medich.
    The result more than doubles the $5.18 million the property last traded for in 2010 when bought by Joanna McNiven, wife of businessman John McNiven.
    Settlement will reveal the exact result,but sources say the more than $12 million s…
  • After the party must come a hangover for loan-happy banks
    Surging house prices have been pushed along by generous tax breaks for … when it grew to an unprecedented 17 per cent of the mortgage market.
  • Investors use property gains as ATM for plunge into new assets
    One in four property buyers with an average mortgage of between … Melbourne and Sydney property investors, who are the nation’s biggest real … The last time home loan demand was this strong for this long was over a year ago.”.
  • Home loan lenders continue to slash home loan rates for borrowers
    HOME loan customers should be pouncing on rock-bottom deals as dozens of lenders continue to slash their mortgage interest rates. Competition in…
  • Building permits: The fastest and slowest Victorian councils for processing
    Victorians building permitsare being delayed for months on end as processing times balloon in some local councils, government data shows.
    Manningham council, in Melbournes north-east, isthe slowest council, according to a statewide analysis of the median number of days each council took to decide on a planning application in 2015-16. In Manningham, the median was 166 days more than double the state average of 69 days.
    Dandenong …
  • Fintech first to hit $500m of SME loans
    The small business lender has also managed to double the size of its loan book over the past 12 months
  • Home loan demand dives
    The number of mortgage approvals and the value of housing finance commitments have both decreased over the last month
  • Investors given vacant home warning
    One state government has told investors to sell or rent their empty homes in light of a new property tax coming into effect next year