July 16, 2020
Spooked sellers put the cue in the rack
Spooked sellers ran for the hills on the weekend, with nearly half of Melbourne’s vendors pulling out of their weekend auctions.
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July 14, 2020
Banks extend loan deferrals for four more months
Banks will give borrowers more time to repay their loans by extending six-month repayment holidays by another four months.
July 7, 2020
RBA leaves rates unchanged in its July meeting
The Reserve Bank has kept the official cash rate at 0.25 per cent at its July meeting as Melbourne braces itself for a hard border and another round of coronavirus lockdowns.
July 7, 2020
Fresh COVID outbreak sees decline in auction listings
Auction listings are in decline and clearance rates struggling amid a fresh outbreak of coronavirus in Victoria.
July 3, 2020
Off-the-plan pain as buyers lose building deposits
Some off-the-plan apartment buyers are having to cut their losses and walk away from their deposits.
June 25, 2020
ASIC has published its official best interests duty guidance for mortgage brokers
The Australian Securities and Investments Commission has released its official guidance on the application of the best interests duty on mortgage brokers.
June 24, 2020
House prices could drop by 10% despite improving clearance rates
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.
June 19, 2020
Middle and outer suburb listings rise as property market shows signs of life
There are some mild signs of improvement in Melbourne’s property market as COVID restrictions ease and new listings rise.
June 18, 2020
Keen applicants facing delays accessing HomeBuilder grants
Borrowers are having a hard time getting loans across the line trying to access HomeBuilder grants.
June 11, 2020
Renters rejoice as increased inner-city supply of listings drive down prices
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.