Today’s trending stories in Australian home ownership and Home Loans.
- The 19 Melbourne suburbs where it’s cheaper to buy than rent: new analysis
Paying down a mortgage on a unit is now cheaper than renting in 19 suburbs across Melbourne as interest rates fall, new figures show.
Apartments in inner-city locations offer the biggest opportunity, with CBD owners able to save about $104 a week on their unit repayments compared to renting, Domain figures show.
The tiny suburb of Travancore is close behind at a $99 discount, while Carlton offers an $83 gap and Southbank $61.
The discounts come as interest rates have been…
- Melbourne auctions: Bold bidder snags $938,000 Essendon North home with clever tactics
A bold bidder has used smart strategies to snag a three-bedroom house in Essendon North for just $2000 short of his maximum budget in a hard-fought auction.
Five parties battled it out for the keys to the side-by-side home at 10 Raleigh Grove, in a test of tactics that pushed the price to $938,000, some $58,000 above its reserve.
It was one of 165 auction…
- Sydney auctions: First-home buyers left behind as apartment-hopper drops $807,000 on one-bedroom Cronulla unit
An apartment-hopper in the Shire has out-bid first-home buyers for a waterfront pad,splashing $807,000 for a unit with only one bedroom….