Melbourne public auctions returned on the weekend after coronavirus restrictions were eased, returning a modest clearance rate of 52.9 per cent.
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.