Today’s trending stories in Australian home ownership and Home Loans.
- Melbourne apartment buyers cautious on new properties amid cladding, defects worries
Melbournes new apartment market is showing the strain of high-profile cladding and defects problems, with buyers cautious and in some cases dropping out of purchases altogether.
Demand has been picking up faster for established apartments, new figures show, while some property developers are pulling out all the stops to woo potential purchasers.
It comes as the Victorian government has committed $600 million to address flammable cladding used on hundreds of buildings. A r…
- Sydney’s trophy home market goes from bad to worse amid fears top sale set to fall over
As the spring selling season kicks off on Sunday, the trophy home market is on track to record the worst run of big-ticket sales since 2012 amid fears one of the years few such top-end deals is set to fall over….
- Sydney auctions: Young family splashes $3,261,000 on Brighton-Le-Sands beachfront
A highly sought after beachfront house at Brighton-Le-Sands has sold for $3,261,000 to locals looking for an upgrade, smashing its reserve by more than half a million dollars.
Bidding for 44 The Grand Parade opened right on the price guide of $2.5 million.
Four of the eight registered bidders pushed the price up for the four-bedroom property in $100,000 and $50,000 increments early on.
McGrath Brighton-Le-Sands selling agent Ge…
- Port Melbourne tenant stretches $35,000 past his budget but misses out on buying his rental at ‘emotionally charged’ auction
A Port Melbourne renter has been left heartbroken after missing out on buying the home hes been living in from his landlord at auction, losing out to another residentfrom the same apartment complex.
Shane Stafford stretched $35,000 past his budget in the rapid-fire auction, in an effort to win the right to stay in the unit, where he and his wife have raised their daughters this past year.
Im probably too emotionally attached to it by the fact tha…
- Sydney suburbs where it's cheaper to buy a home than rent one
Suburbs where monthly mortgage repayments on a median priced unit were … Stamp duty, strata fees and other costs associated with home ownership … If your home loan rate doesn’t have a ‘3’ or in some cases a ‘2’ in front of it,…