Top Stories in Australian Home Ownership September 15, 2018

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

  • Home loan products rated on Canstar
    There were more than 3000 home loans that met the rating eligibility criteria
  • Hordern family sell Bellevue Hill heirloom for $21m to their Baillieu relatives
    A historic Bellevue Hill mansion owned by the Hordern retail dynasty since it was built in 1934 will stayin the family after it was bought by their Melbourne-born relatives, the Baillieus.
    Marshall Baillieu, chief executive of investment bank Rothschild Australia, and wife Michelle have agreed to pay more than $21 million for the historic family home, regarded as one of the best-preserved examples of the work of noted architect Leslie Wilkinson.
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  • CBA delivers fresh blow to property market
    … in the year to 30 June 2018, down to 31.1 per cent ($117.5 billion) of new home loan approvals. … Perhaps they [the Commonwealth Bank] are just wanting to mitigate their risk if house prices were to drop another five-10 per cent.
  • Banks just 'ticking the boxes' on reverse mortgages
    For older Australians who own their home with few other assets, a reverse mortgage can allow them to draw on the wealth locked up in their homes,…
  • Yarra Ranges council overruled after blocking townhouses in sleepy Kilsyth
    Jane Stephens and Judy Hatfield are what you could call rusted-on Kilsyth residents.
    Ms Stephens and her family and Ms Hatfield and her husband moved to the area to enjoy a more rural lifestyle. They wanted the true Australian dream with big blocks of land, gum trees and fresh air.
    We moved to the area 30 years ago because of the trees, birds, wildlife and the atmosphere of the place, Ms Stephens said. We love it. I see magpies in the fron…
  • Interest-only loan approvals plummet 55%
    Investor home loan approvals also dropped by 12.4 per cent over the … Australia’s overall mortgage portfolio totalled $1.62 trillion as at 30 June 2018,…
  • How Labor is crushing house prices
    While declining house prices fundamentally threaten the credit ratings on the subordinated tranches of residential mortgage-backed securities (RMBS)…
  • Hotelier Marcus Levy gives up on off-market, lists Vaucluse house for $21.5 million
    The optimism of spring often shakes a few secret high-end offerings onto the market for all to see, and this season is no different. Take the launch of the Vaucluse residence of hotelier MarcusLevy and wife Vanessa Sanchez-Levy for $21.5million….