News

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.

Fixed interest rates are emerging as the major player after their average dropped lower than variable rates recently.

Prior to the coronavirus nightmare Melbourne’s median house price rose two per cent in the March quarter but is expected to start falling from this point.