Auction clearance rates might be looking a little healthier of late but economists say a housing oversupply and uncertain buyers will see house prices still drop by around 10 per cent this year.
There are some mild signs of improvement in Melbourne’s property market as COVID restrictions ease and new listings rise.
Borrowers are having a hard time getting loans across the line trying to access HomeBuilder grants.
If you’re looking for a place to rent in Melbourne during this pandemic, the cards are starting to fall in your favour, with asking prices in freefall.
The Victorian Government is looking at a new proposal to replace stamp duty with an opt-in annual land tax.
The Federal Government is considering a COVID recovery plan to boost the home renovation industry.
The Federal Government is considering cash grants for new homes to help stimulate the economy and support the building industry hit hard by the coronavirus.
Coronavirus restrictions have been eased around Melbourne auctions and clearance rates have seen an immediate jump.
Loan payment deferrals have seen a take-up rate of around 10 per cent according to the Reserve Bank, a point they highlighted at their May meeting.
Rental vacancy rates in our nation’s biggest capital cities have spiked sharply, recording the biggest monthly jump in over ten years.
