It was a confidence-boosting weekend for Melbourne's property market after CoreLogic figures recorded an auction clearance rate of 67 per cent from a whopping 2078 auctions held.
News
The US Federal Reserve has hiked its interest rate above Australia's for the first time in 18 years
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23 March 2018
More hikes are expected to the US Fed’s target funds rate later this year and again in 2019 while the Australian rate stays relatively steady.
Loan serviceability standards could be the next focus for banking regulators
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21 March 2018
UBS says the Australian Prudential Regulation Authority (APRA) has been hinting at moves on serviceability and the banking royal commission has had its early focus on responsible lending and it's building pressure on regulators to act.
Victorian Government launches pilot shared equity scheme to assist first-home buyers
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15 March 2018
The new HomesVic scheme will assist up to 400 first-home buyers meet the criteria to be eligible to enter the housing market by reducing the amount they need to snare a property.
Land-use restrictions and zoning rules might add more cost to property than you think
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14 March 2018
Government land-use regulations and zoning rules are costing homebuyers in Melbourne $324,000 on an average property.
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