
It’s a renters’ market as vacancy rates spike in capital cities
Rental vacancy rates in our nation’s biggest capital cities have spiked sharply, recording the biggest monthly jump in over ten years.

Rental vacancy rates in our nation’s biggest capital cities have spiked sharply, recording the biggest monthly jump in over ten years.

The best interest duty mortgage broker reforms that came out of the banking royal commission have been postponed for six months.

The property markets in Melbourne and Sydney both look set for an inevitable drop over the next couple of years in the face of a contracting economy, poor consumer confidence and less migration.

The Reserve Bank yesterday kept rates unchanged at their historic low of 0.25 per cent.

Fixed interest rates are emerging as the major player after their average dropped lower than variable rates recently.

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.