News

Spooked sellers ran for the hills on the weekend, with nearly half of Melbourne’s vendors pulling out of their weekend auctions.

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.