News

Melbourne's explosion of inner-city apartments has led to an over-supply that may lead to Melbourne's property prices growing at a slower rate than other capital cities over the next few years.

Despite the Australian dollar's recent recovery, RBA October minutes suggest there will be no change to interest rates next month.

Out of 826 auctions reported to the Real Estate Institute of Victoria (REIV) on the weekend, Melbourne recorded a strong 76 per cent clearance rate.

If you’re in a rush to secure a property and it’s a tight squeeze to raise the necessary deposit in time, you could get it done by purchasing a deposit bond.

The Reserve Bank says homeowners have used between 50 and 90 per cent of the money saved from ongoing interest cuts to pay down their mortgages ahead of schedule.