It was a confidence-boosting weekend for Melbourne's property market after CoreLogic figures recorded an auction clearance rate of 67 per cent from a whopping 2078 auctions held.
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More hikes are expected to the US Fed’s target funds rate later this year and again in 2019 while the Australian rate stays relatively steady.

UBS says the Australian Prudential Regulation Authority (APRA) has been hinting at moves on serviceability and the banking royal commission has had its early focus on responsible lending and it's building pressure on regulators to act.

The new HomesVic scheme will assist up to 400 first-home buyers meet the criteria to be eligible to enter the housing market by reducing the amount they need to snare a property.

Government land-use regulations and zoning rules are costing homebuyers in Melbourne $324,000 on an average property.
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