Top Stories in Australian Home Ownership November 4, 2017

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

  • Wells Fargo says it faces lawsuits over mortgage and auto loans
    (Reuters) – Wells Fargo Co WFC.N disclosed in a regulatory filing on Friday that it is facing litigation over previously disclosed sales problems…
  • Steven Lowy expands beachfront holding with $14.2 million buy of semi next door
    Westfields co-chief executive Steven Lowy has long had a penchant for Camp Cove. He first bought on the Watsons Bay beachfront in 1991 for $2.5 million, commissioning a contemporary house on the double block by Allen Jack Cottier architect Peter Stronach, which won the 1994 WIlkinson Award foroutstanding architecture. He added a sandstone residence next door in 2003 for $9 million and soon after outlaid $2.5 million amalgamating theminto one residence….
  • Do certain areas of Melbourne have greater auction success?
    Vendors often ponder whether to sell by private treaty or auction. Recommendations may vary depending upon the state of the market. To a certain extent, insight into current conditions and buyer sentiment can be judged by clearance rates. Clearance rates are a statistic of particular importance to vendors but ultimately market forces dictate a successful auction sale.
    Melbourne median house prices grew1.3 per centto $880,902 in the three months to September.
    House pr…
  • Central Equity books record $145m profit
    The comments follow global investment bank UBS on Thursday “officially” calling an end to Australia’s golden years of record rising house prices,…
  • Genworth Mortgage Insurance Australia says more mortgage delinquencies to come
    Genworth, Australia’s largest lenders mortgage insurer, said on Friday said it expected an uptick in home loan delinquencies, particularly in WA and…
  • Why Gen Ys are getting shortchanged on money management
    When it comes to money, Cooper Watkins and his stepsister Olivia Flint are polar opposites.
    Cooper, 17, is fascinated with finances. He wants to know how to make money, how to invest it, how to buy a house, and whats really going on with interest rates.
    Im looking at getting into the property market as quickly as possible, even just getting a really crappy investment property, the year 11 studentsays.