Top Stories in Australian Home Ownership October 28, 2018

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

  • First-home buyers the ‘winners’ in cooling Sydney property market
    First-home buyers in Sydney are finding their feet again for the first time in years as house prices take the steepest annual decline in more than 20 years.
    The citys median house price dropped 6.5 per cent or $76,616 for the year to September, due to a regulation-led downturn.
    While the median house price of $1,101,532 rem…
  • Kings Cross backpackers squeezed out as well-heeled downsizers continue their march
    First it was the strip joints and bars being squeezed out of Kings Cross to make way for the throngs of well-heeled downsizers. Now its the backpackers.
    Leading the charge among savvy property investors eyeing off budget accommodation properties to make way for high-end homes is businessman Theo Onisforou.
    Two terraces that jointly make up the Zing backpackers hostel were snapped up this week for $6 million $3 million each&mda…
  • Melbourne’s auction results: Clearance rates drop below half
    On Melbournes busiest weekend of auctions for the spring selling season, aroundone in two homes up for sale passed in.
    The clearance rate for more than 1400 scheduled auctions across Victoria was 48 per cent according to Domain Group data.The result is a continued reflection of the softening property market according to agents and experts.
    While there were hard luck stories for those wanting to sell,there were some successes, including that o…
  • Where to find a bargain in Melbourne’s cooling property market
    As Melbournes median house price slides and clearance rates hover at about 50 per cent, property pundits say the market has firmly shifted in favour of buyers.
    The latest Domain quarterly house price report released this week put the city median at $852,980, a drop of 6.2 per cent from the peak nine months ago.
    The usual budget suburbs on the fringes of the city were still considered affordable for price-sensitive buyers, but experts said…
  • Australians fall behind in understanding mortgage language
    Home Loan Experts managing director Otto Dargan said if borrowers failed to understand mortgage lingo it could result in them setting up their…
  • Truth about first home lending brings hope in the ACT
    Taking on a mortgage is the biggest commitment you are likely to make financially. So find out for … Ultimately, that is what home ownership is about.
  • Digital bank founder talks brokers
    In volt bank’s case we’ll even have our own mortgage team, but if we’re going … They’ll get them in the right home loan and then the broker’s role will…