News

Melbourne’s housing market be in the middle of a correction phase but commercial property in the city shows no such signs of slowing down.

The national unemployment rate stayed at 5.2 per cent for the month of May but the number of jobs created did rise by over 42,000.

It has become more affordable to buy than rent in some parts of Australia as housing affordability has returned to 2016 levels.

Official interest rates in Australia have been slashed to a new record-low of 1.25 per cent - the first move in nearly three years.

In the first Saturday since the federal election, auction clearance rates in Melbourne and Sydney bounced strongly back to levels that sustain a stable market.