Five easy and inexpensive ways to make over your home

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Isabelle Lane| The New Daily| 23 June 2018 Five easy and inexpensive ways to make over your home If your home’s looking drab and uninspired don’t despair. With stylish homewares and furnishings increasingly available at affordable prices, it’s easier than ever to give your home an inexpensive yet impactful makeover. The New Daily asked two interior design experts for their top do-it-yourself budget …

The cities tipped to lead property price growth as Sydney slows

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David Chau| The New Daily| 25 June 2017 https://thenewdaily.com.au/money/property/2018/06/25/property-price-growth-cities-bis-report/ In the next three years, house prices in Brisbane, Perth and Canberra are expected to surge most — while the Sydney market slows to a crawl. Though in the short term, property price growth will remain weak, or even decline in some markets, according to industry analyst BIS Oxford Economics in …

‘There’s no question’: Why the kitchen is the most important room when selling your home

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Sue Williams| Domain| Jun 22, 2018  https://www.domain.com.au/news/theres-no-question-why-the-kitchen-is-the-most-important-room-when-selling-your-home-20180622-h115mx-441022/  MasterChef Australia is regularly topping the ratings, The Great Australian Bake Off is dishing up huge serves of Maggie Beer. And chef Gordon Ramsay is shouting at everyone from jail inmates to rubbish restaurateurs. Suddenly it seems as though Australia is obsessed with cooking. “We really are,” Degabriele Kitchens’ Sydney showroom manager and …

Interest-only mortgage holders face $7000 a year hit: RBA

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Clancy Yeates| Sydney Morning Herald| 24 April 2018 https://www.smh.com.au/business/the-economy/interest-only-mortgage-holders-face-7-000-a-year-hit-rba-20180424-p4zbb9.html Borrowers with a typical interest-only home loan face a $7000 jump in their annual mortgage costs when their interest-only period ends and they are forced to start paying back principal, the Reserve Bank says. With almost $500 billion in interest-only mortgages set to expire in the next four years, RBA assistant governor …

Record-breadking RBA keeps rates on hold in May: Here’s when to expect a hike

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Chris Kohler| Domain| 1 May 2018 https://www.domain.com.au/money-markets/recordbreaking-rba-keeps-rates-on-hold-in-may-heres-when-to-expect-a-hike-20180501-h0zh01/ The Reserve Bank has left official interest rates on hold in May for a 19th-consecutive meeting, deepening the record-breaking period without a rate movement. The central bank opted to again leave the official cash rate on hold at 1.5 per cent, where it has sat since August 2016, and RBA governor Philip Lowe remains …

Courting co-owners to buy a house online may be riskier than it looks

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Garrick Small| The Conversation| 4 April 2018 https://theconversation.com/courting-co-owners-to-buy-a-house-online-may-be-riskier-than-it-looks-93058 Digital platforms are offering people who couldn’t afford a house on their own, the opportunity to divvy up the costs with others. But co-ownership of real estate can be a risky and potentially costly business. In an environment of high residential prices where families are becoming a smaller proportion of households, and …

Australia will need to build a stack of new homes if population growth continues on its current trajectory

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David Scutt| The New Daily|10 April 2018 https://www.businessinsider.com.au/australia-population-growth-housing-affordability-supply-forecasts-hia-2018-4 Australia’s population is about to tick over 24.9 million, and is growing at an annual pace of 1.6%, according to data from the ABS. If that pace of growth is maintained over the next few decades, it will see Australia’s population rise to over 41.4 million by the year 2050, putting pressure …

ANZ says Australia’s housing slowdown is almost over with prices set to rise again

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David Scutt| Business Insider| 5 April 2018 https://www.businessinsider.com.au/anz-australia-house-price-forecasts-2018-4 ANZ Bank remains confident that Australia’s housing market is on track for a “soft landing”, predicting that rather than heralding the start of a prolonged slump, prices will actually increase this year. “We retain our view that prices will not materially decline,” say Daniel Gradwell and Joanne Masters, senior economists at ANZ. …

You’re probably paying more for your car loan or mortgage than you should

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Christopher Palmer| The Conversation| https://theconversation.com/youre-probably-paying-more-for-your-car-loan-or-mortgage-than-you-should-90993 The Federal Reserve makes headlines from New York to Hong Kong anytime it lifts its benchmark interest rate. Rightfully so, as any increase tends to drive up borrowing costs on everything from credit cards to auto loans and mortgages. There’s a more important factor that determines how much you’ll pay when you borrow money to …

The attractions of interest-only loans

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https://www.smh.com.au/money/borrowing/the-attractions-of-interest-only-loans-20180315-p4z4il.html Despite tighter regulations, interest-only loans offer substantial benefits to potential borrowers. It’s true there is heightened risk for lender and borrower because the loan is not paid down over time. With interest-only loans, the risks will fall only if the value of the property or asset increases. For the lender, a fall in value can substantially affect the loan …