The huge mistake most mortgage holders don’t know

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Adapted from: The huge mistake most mortgage holders don’t know. Nicole Pedersen-McKinnon| Sydney Morning Herald| 27 February 2021 As the coronavirus pandemic hit last year and budgets threatened to break, CBA sent a letter to mortgage holders saying their repayments would be automatically cut to the minimum. Sounds helpful, doesn’t it? Yes, it eases the purse-string pressure but… it also …

Investors Look at Options in Downward Market

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REAL ESTATE RENEE MCKEOWNMON 30 MAR 20 Investors are looking at their options with homes pulled off the market, leases extended and auction clearance rates dropping in-line with Covid-19 economic uncertainty. Forty per cent of auctions were pulled from the market and clearance rates dropped to 51.4 per cent on the weekend according to Corelogic. Buyers and sellers were urged to …

Australian banks will defer loan repayments for small businesses affected by COVID-19 for six months.

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20 March 2020. Australian Banking Association CEO Anna Bligh today announced a small business relief package from Australia’s banks. “This Assistance Package will apply to more than $100bn of existing small business loans and depending on customer take up, could put as much as $8 billion back into the pockets of small businesses as they battle through these difficult times,” …

Housemate horror: How your flatmates affect your mortgage rates

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Kilian Padstow| The New Daily| 25 February 2020 https://thenewdaily.com.au/finance/your-budget/2020/02/25/housemate-credit-rating-mortgage/ Share house living is common practice among money-conscious people, but research shows picking bad housemates could cost Australians almost $180,000 in later life. The exorbitant expense arises because renters typically share the responsibility for paying bills and rent on time. This means if one person misses the due date – or …

‘Fear of missing out’ back for Sydney first-home buyers as prices rise

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Kate Burke| Domain| 23 February 2020 https://www.domain.com.au/news/fear-of-missing-out-back-for-sydney-first-home-buyers-as-prices-rise-932720/ First-home buyers are pressing ahead with their dreams of home ownership, rushing to buy in inner and middle-ring suburbs as rapid price growth threatens to push them further out of reach. The number of first-home buyers jumping into the market and how much they are prepared to borrow has soared in recent months, …

Value recovery driven by expensive houses

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Annie Kane| Mortgage Business| 4 December 2019 https://www.mortgagebusiness.com.au/breaking-news/14062-value-recovery-driven-by-expensive-houses As home values sharply recover in Sydney and Melbourne, there has been a particular spike in the recovery of the premium housing, according to new research. According to the November Home Value Index, released by property analytics company CoreLogic, the value of properties sold across Australia in the month ending 30 November …

Surging house prices, low rates risk tipping Sydney and Melbourne back into property frenzy: economists

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Jim Malo| Domain| 5 December 2019 https://www.domain.com.au/news/surging-house-prices-low-rates-risk-tipping-sydney-and-melbourne-back-into-property-frenzy-economists-915499/ uyers are at risk of snapping back into boom-time behaviour across Sydney and Melbourne’s ascendant property markets, economists warn, with forecasters caught by surprise at the pace of the rebound. Prices could be back to their peaks by early next year, recovering about two years of declines in less than 12 months. Both …

Why you should try selling a home in a festively-named street at Christmas

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Melissa Heagney| Domain| 4 December 2019 https://www.domain.com.au/news/why-you-should-try-selling-a-home-in-a-festively-named-street-at-christmas-914833/ People selling a house in a uniquely-named street name could add thousands of dollars to the sale price, new research shows. Academics from Deakin University, National University Singapore and the Chinese University of Hong Kong found that Sydneysiders had a preference for longer, one-word street names in their recent study, Street Name Fluency …

Sydney and Melbourne Drive Property Price Rise of 2.4% In September Quarter – ABS

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Martin North| Digital Finance Analytics|10 December 2019 Residential property prices rose 2.4 per cent in the September quarter 2019, the strongest quarterly growth since the December quarter 2016, according to figures released today by the Australian Bureau of Statistics (ABS). Sydney and Melbourne residential property prices recorded strong growth in the September quarter 2019. Property prices rose in Sydney (+3.6 …