
Median house prices in Melbourne up 2% in March quarter
Prior to the coronavirus nightmare Melbourne’s median house price rose two per cent in the March quarter but is expected to start falling from this point.
Prior to the coronavirus nightmare Melbourne’s median house price rose two per cent in the March quarter but is expected to start falling from this point.
Entry-level homes are currently where the action is in Melbourne’s property market while the world grapples with the spread of coronavirus.
The Victorian Government this week announced its $500 million rent package in response to the coronavirus crisis.
The best way for a lot of mortgage borrowers to access the current super-low interest rates going around is refinance their loan and turn themselves into brand new borrowers.
It’s unfortunately looking like a pretty grim picture for Melbourne and Sydney’s property markets if the coronavirus crisis deepens.
After an emergency cut to interest rates just weeks ago the RBA has this week left them unchanged at 0.25 per cent at its April meeting.
The Australian Banking Association has extended its Small Business Relief Package to include 98 per cent of all businesses with an Australian bank loan.
Ever-tightening social distancing measures saw a good portion of Australia’s auctions withdrawn on the weekend, weakening the property market.
Emergency laws are being debated in Tasmania that would protect renters from being evicted for four months during the coronavirus crisis.
The RBA has made an emergency interest rate cut in the face of the coronavirus pandemic, slashing them to a new record-low of 0.25 per cent.