Banks could soon be verifying potential borrowers’ incomes and expenses through a digital automated process.
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The Real Estate Institute of Victoria data says 154 out of Melbourne’s 402 suburbs have a $1 million or more median house price.

The Australian housing market slowdown is continuing and things look like they will keep slowing as we head into the new year.

The entire year has seen the RBA interest rate unchanged at the record low of 1.5 per cent, and it’s the 16th month in a row now rates have sat there.

Akin to an ‘end of year sale’, a property expert from Channel 9’s The Block says this can be a great time of year to snap up a bargain.