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Home loans are at their most expensive in 11 years, prompting a mad scramble among heavily mortgaged homeowners to either switch lenders or negotiate a better deal with their existing one. ; The value of refinancing hit a record high in June, with $22 billion worth of home loans refinanced in that month alone, the latest Australian Bureau of Statistics figures show. ; The average home loan being refinanced is worth $507,053 as of June 2023, an increase of 28 per cent in four years, a new report called Navigating Refinancing in 2023 from Finder reveals. ; “Rising borrowing costs are of great concern to a growing number of households. Many have reached the end of their tether – spending a disproportionate part of their income on monthly repayments,” head of consumer research at Finder, Graham Cooke, says.
Residents fight to preserve this town's weird quirk that affects every house ; 'Don’t bury your head in the sand': The 10 biggest mistakes property owners make at tax time ; Couple strike it rich after finding 400-year-old coins hidden under their kitchen floor
The popular coastal suburbs where property prices rose most in summer ; Australians caught up in ‘complicated love affair’ with property market ; Australian families embracing long-term apartment living as house prices outstrip units by 100 per cent in some cities
Welcome to Parramatta ; The beating heart of western Sydney, Parramatta has rapidly become the area’s central hub for education, entertainment, culture and art. Despite being 25 kilometres west of Sydney’s CBD, Parramatta has come into its own with everything delightful the city has on offer to be found within the suburb’s bounds. The area's extensive transport options make it a desirable location for those with a preference for urban living without the more expensive price tag. The name Parramatta can be traced back to the Dharug word Bu ...
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Owner: Tom Kirkhope, founder of Melbourne-based footwear label Alias Mae ; Address: 17b Robe Street, St Kilda, Victoria ; Type of property: An Edwardian townhouse, once part of the Melbourne Alliance Française headquarters ; Price guide: $1.2 million-$1.3 million
Investor beats 14 others to $1.29m Surry Hills one-bedder with outdoor loo ; A dozen first home buyers miss out on one-bedder in ‘hot pocket’ of Redfern ; Why wealthy Sydney home owners decided to sell, then changed their minds
Welcome to Melbourne ; Not so long ago, Melbourne’s CBD was essentially just that – a business-centered zone. Every weekday evening, there would be an exodus of office workers piling onto trains and trams headed for the ‘burbs. While some Melburnians appreciated the architecture, and even the prices of early warehouse conversions and apartments, it wasn’t until the 1990s that inner-city living gained wider appeal on the back of the City of Melbourne’s Postcode 3000 campaign. Now, it’s difficult to imagine a more exciting or well-ser ...