Top Stories in Australian Home Ownership October 10, 2019

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

  • Canberra rents stagnate but still the most expensive capital city to rent a house
    There has been no change to Canberras median weekly asking rent but renters in the territory are continuing to pay the highest price for houses across the capital cities.
    Canberras median weekly asking rent for houses has stabilised at $550 per week, Domains latest rental report showed. There was no change to units over the quarter with the median staying at $470 per week, but year-on-year this is up 4.4 per cent or $20.
  • China’s shopping centre tycoon Dai Yongge hopes to recoup $17m on Rose Bay mansion
    The Rose Bay mansion owned by Zhang Xingmei, wife of Chinas shopping centre tycoon Dai Yongge, hit the market this week amid hopes of recouping the $17.68 million the couple paid for it in 2007.
    The couple bought the grand three-level residence from rag trader Ray Pillion amid little fanfare at the time, but Dais prominence in the Chinese community has soared since his shopping centre development company Renhe Commercial was listed on the Hong Kong Stock Exchange …
  • Sydney records steepest decline in annual rents, but it likely won’t last: new report
    Sydney rents have recorded their biggest annual fall in more than a decade thanks to the last remnants of the citys record construction boom, but cheaper rent may not last much longer, according to property experts.
    Across the city, the median weekly asking rent for houses dropped $25 to $525 in the year to September, according to the latest quarterly Domain Rental Report, released on Thursday.
    The weekly median unit rent declined …
  • Brisbane rents: Landlords in ‘rosier position’ as unit oversupply eases
    Brisbane rents are creeping up and the proportion of vacant homes is inching down, as the citys rental market recovers from years of oversupply, experts say.
    Asking rents for units rose 1.3 per cent to a median $380 a week over the past year, the latest figures from theDomain Rental Report for the September quarter show.
    House rents also edged up 1.3 per cent to a median $405 over the same time period, according to the report released on Thursday.
  • Treasurer asked to stand up for borrowers
    Mr Harris said ending the so-called “loyalty tax” on existing home loan borrowers required a stern best interest duty for bankers and mortgage brokers…
  • The property downturn is over
    The metrics of housing sales turnover, mortgage approvals, and even the latest construction numbers are … House prices are also encouraging.
  • Only one in five Australians are actively looking to switch banks
    The banning of mortgage exit fees back in 2011 also removed another … Only five per cent of mortgage holders have switched banks in the past…
  • Falling interest rates spook consumers with confidence plummeting to a four-year low
    Despite home loan interest rates at record lows, confidence among respondents with a mortgage dropped by 4%. The table … The housing-related sentiment was more mixed, with rising house prices driving down sentiment about now being a good time to buy a house. … canberra property investors.