Top Stories in Australian Home Ownership September 10, 2017

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

  • Melbourne’s priciest rentals on the market for $250,000 per year
    Only a select few walking among us can drop a quarter of one million dollars on rent for the year.
    But for the most cashed-up tenants out there bank accountspresumably spotted with zeroes andcommasmoney is hardly an issue.
    For a cool $4000 per week, a small pool of people are rentingsprawling mansions in the citys most esteemed postcodes.
    There are little more than a handful of ultra-luxuriou…
  • You can quote me on this: Just one phone call saved $7000
    It’s not a service, but a home loan is many households’ biggest expense, so shopping around for a better interest rate can deliver huge savings. … cut in your mortgage rate can save tens of thousands of dollars over many years.
  • Auction watch: High demand for high-end homes in Canberra’s inner south
    The second weekend of the busy spring season brought a string of million-dollar sales and a suburb record to the nations capital.
    Most of the big sales were exchanged in the prestigious inner south where apartments, dual occupancies and large family homes alike were hotly contested.
    A penthouse apartment in Barton attracted five registered bidders and sold for $1.36 million under t…
  • Modest cottage in ‘quiet pocket’ of Tempe sells for $1.22 million
    A modest but well maintained two-bedroom cottage at 4 Edwin Street in Tempes western corner fetched $1.22 million at auction on Saturday, leaving both the sellers and the buyers beaming.
    The painted-timber house with a white picket fence last traded hands for a paltry $490,000 in 2006. Its position on one of Tempes quietest and most tightly held streets all but guaranteed a sale, according to agent Rosalie Gordon of Planet Properties.
    An unexpectedly high opening b…
  • Downer suburb record smashed by more than $300,000
    The Downer suburb record was broken for the third time this year with the sale of a brand new house at 30 Swinden Streeton Saturday.
    The house smashed the suburb record by more than $300,000, selling for $1,385,000 under the hammer.
    It was among the first new homes on a …
  • Finally things are looking up for first home buyers
    The gap is even bigger if you have an interest-only mortgage. Graph showing differences in home loan rates. … A future where home ownership is out of reach is not one I’d like to live in. … It is not in anyone’s interest to see house prices rise up to bubble levels and then crush the economy when they fall.