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As most pundits are probably aware, Melbourne’s house prices are predicted to slow again next year, with the median house price growth expected to be around half of what it was this year.

The Government is instead looking to give more power to an ombudsman to look after complaints in the sector.

Two of Australia’s big four banks – Westpac and NAB – have lifted their home loan rates for investors as we head towards Christmas.

Most economists expect rates to remain on hold tomorrow but are divided on where things will head next year.

Unlike the other cities around the country, Melbourne house prices fell 1.3 per cent for the month of November, with apartment prices falling even further, dropping by 3.2 per cent.