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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Banks will give borrowers more time to repay their loans by extending six-month repayment holidays by another four months.

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.

Auction listings are in decline and clearance rates struggling amid a fresh outbreak of coronavirus in Victoria.

Some off-the-plan apartment buyers are having to cut their losses and walk away from their deposits.