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.
Entry-level homes are currently where the action is in Melbourne’s property market while the world grapples with the spread of coronavirus.
The Victorian Government this week announced its $500 million rent package in response to the coronavirus crisis.
The best way for a lot of mortgage borrowers to access the current super-low interest rates going around is refinance their loan and turn themselves into brand new borrowers.