It’s unfortunately looking like a pretty grim picture for Melbourne and Sydney’s property markets if the coronavirus crisis deepens.
News
RBA leaves cash rate at 0.25% where it could stay for some time
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08 April 2020
After an emergency cut to interest rates just weeks ago the RBA has this week left them unchanged at 0.25 per cent at its April meeting.
Australian banks step up relief for Aussie businesses
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02 April 2020
The Australian Banking Association has extended its Small Business Relief Package to include 98 per cent of all businesses with an Australian bank loan.
Property market weakens as social distancing takes hold
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31 March 2020
Ever-tightening social distancing measures saw a good portion of Australia’s auctions withdrawn on the weekend, weakening the property market.
Tasmania debates emergency rental laws and other states could follow suit
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26 March 2020
Emergency laws are being debated in Tasmania that would protect renters from being evicted for four months during the coronavirus crisis.