Today’s trending stories in Australian home ownership and Home Loans.
- Is Airbnb changing the housing market?
A property research group says it is putting pressure on affordability
- Collette Dinnigan flips Southern Highlands homestead for $7.25m after 18 months
ColletteDinniganmade her name as an international fashion designer, but shes making a fortune by flipping high-end property.
In the two years sinceDinniganturned her designer eye to interiors, she has bought and sold more than $33 million worth of luxury weekender and Sydney real estate, the most recent of which is the sale of herSouthern Highlands homeSpringfield Farmfor $7.25 million 18 months after she bought it.
- More than 50 NSW real estate agencies caught underquoting in Fair Trading crackdown
More than 50 real estate agencies have been caught underquoting in the most recent crackdown by NSW Fair Trading.
The businesses were slugged with $105,000 in fines after a targeted blitz found more than half the agents examined were using the illegal sales tactic.
Agents in the St George and Illawarra region and Dubbo have been the latest to be zeroed in on by Fair Trading, which inspected 77 businesses in the region in August.
None of the 30 agencies inspected in Dubbo …
- From steel to smart: How Wollongong is transforming
Adam Stanshall had had enough of the punishing Sydney grind.
Qualified as both an accountant and school teacher, Stanshall had skills he could take anywhere.
So in 2006, he uprooted from bustling Double Bay in Sydneys swanky east to a town of just 900 on the tranquil NSW mid-north coast, halfway between Sydney and Brisbane.
Things ticked along nicely. Stanshall, 42, had an accounting business, surfed and soaked up the …
- Australia slips from top-five for Chinese property buyers in Golden Week holiday
Chinese tourists taking advantage of the national Golden Week holidayused to flock to Melbourne at this time of year, looking to investin Australian property.
But agents and industry insiders say Chinese investors justarent arriving in the same numbers they once did.
Last year for instance, there were loads oftourists getting out of cars with cameras and looking at the houses, RT Edgar Toorak director Jeremy Fox said. &ldq…
- Rising mortgage costs to impact affordability: PIMCO
The firm also expressed its concern about the outlook for domestic consumption due to a negative wealth effect from falling house prices and tighter…
- 24 ways to get the mortgage monkey off your back faster
Your home loan is probably the biggest investment you will make in your life, and a debt that most people would like to pay off as quickly as possible.