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.
News
Fresh COVID outbreak sees decline in auction listings
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07 July 2020
Auction listings are in decline and clearance rates struggling amid a fresh outbreak of coronavirus in Victoria.
Off-the-plan pain as buyers lose building deposits
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03 July 2020
Some off-the-plan apartment buyers are having to cut their losses and walk away from their deposits.
ASIC has published its official best interests duty guidance for mortgage brokers
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25 June 2020
The Australian Securities and Investments Commission has released its official guidance on the application of the best interests duty on mortgage brokers.
House prices could drop by 10% despite improving clearance rates
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24 June 2020
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.
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