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Vendors have either rushed to beat the Thursday lockdown, postponed their sale or moved it online as Melbourne goes into another snap lockdown.

The RBA says it wants to see wages rise before lifting the official cash rate but house prices could rise 10 times as fast as them in 2021 according to some forecasts.

The Federal Government wants to raise awareness and reboot its reverse mortgages scheme that allows retirees to unlock the equity in their homes to help fund their retirement while remaining in their home.

The inner western suburbs of Melbourne are becoming a highly sought-after location for first-home buyers trying to crack into the soaring housing market.

Moves in this year’s federal budget to try and improve housing affordability could end up making things worse according to some experts.