Market Watch: Sydney among the world’s most economically powerful

Font size :
Sydney among the world’s most economically powerful
Sydney is featured in a top 25 of the most economically powerful cities in the world; the only Australian city to do so. New York tops the study by Martin Prosperity Institute and Citylab which uses metrics such as overall economic clout, equity and quality of life, financial power and global competitiveness. Asia features heavily with Tokyo in third place, behind London, and Hong Kong, Singapore and Seoul also in the top 10. Further down the list, and beaten by Sydney, are Osaka-Kobe, Beijing and Shanghai. Read the full story.
Source: Citylab
 

Battle lines drawn between property listings services

The battle between property listings services operated by Fairfax and News Corp is hotting up. A report from Roy Morgan Research shows that in Melbourne News Corp’s realestate.com.au and Herald Sun listings are searched by almost a million people in an average week, with Fairfax’s Domain and printed publication The Age receiving less than half the number. However in Sydney Domain falls just 8,000 home hunters behind News Corp.
Source: Roy Morgan Research

Communications minister stands by comments on use of super for homes

The Communications minister Malcolm Turnbull says that he is not contradicting his colleagues, including the Treasurer and Prime Minister, in saying that using superannuation funds for housing deposits is “a thoroughly bad” idea. Turnbull made the comments in response to Joe Hockey’s proposal but says that they were not a criticism of the treasurer. He says that ideas like these come around from time to time and warrant debate and opinion.
Source: Sky News

Governments failing on public housing

A summit held yesterday in Darwin highlighted issues surrounding public housing for Aboriginals in the Northern Territory. Many homes, residents say, have been left needing repairs, or repairs have been badly carried out, leaving residents frustrated. Residents say that territory and federal governments have not kept their promises but Andrew Clapham of NT Department of Housing says that $2 billion has or would be spent on new and existing homes in the 10 years to 2018.
Source: Yahoo
 

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Friday, Sep 22, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords