Today’s trending stories in Australian home ownership and Home Loans.
- Historic North Melbourne converted cable tram shed hits the market
If you owned six classic cars, where better to put them than your own car showroom, attached to your own enormous inner-city house?
Complete with a functioning mechanic business, of course.
That was the appeal for car collector Chris Page when he purchased an historic cable tram shed and workshop in North Melbourne three years ago to convert it into a…
- Private island to the stars is up for sale
Its just a small slice of real estate, but this picturesque little island near New York Cityhas an interesting history.
Tavern Island, in Norwalk, Connecticut, was once a fortress and part of the Battle of Norwalkwhen the Americans fought the English, but in the past century the island has hosted a more gentlelifestyle.
<img alt="A stone sea wall provides protection from storms. There is also deep water dock." src="http://www.smh.com.au/conten…
- Debt and retirement worries are high
People are in a rush to pay off their home loans, with almost nine out of 10 mortgage holders trying to get out of debt sooner, while three in five Aussies are worried they wont have enough money in retirement.
- Non-banks stealthily increase fixed rates
A number of non-bank lenders have quietly raised interest rates by up to 45 basis points on fixed rate mortgages
- RBA puts spotlight on rising debt levels
The Reserve Bank governor has talked about rising household debt levels and the habits of mortgage holders across Australia