As expected, the Reserve Bank has kept the official cash rate at the record low of 0.1% at its August meeting.
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Melbourne’s median house price has burst through the $1 million barrier as Sydney falls further down their COVID outbreak spiral and face more weeks of lockdown.

The National Australia Bank has forecast Melbourne’s property prices to rise by 20 per cent by the end of 2022.

Big banks have moved quickly to offer support to customers hit hard by restrictions designed to get on top of the rapid spread of the delta strain of coronavirus.

Melbourne has been plunged into a fifth lockdown and Melbourne's property market has again moved online to cope.