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Banks announce expanded loan deferral policies

Australian banks have announced that they will support customers with a new phase of COVID-19 support, extending mortgage repayment deferrals by another four months, where appropriate.

expanded loan
Developer enquiries surge on back of HomeBuilder

Enquiries to property developers have soared to record levels on realestate.com.au since the announcement of the HomeBuilder package, according to new data.

properties
RBA unmoved ahead of September ‘shock’

The central bank has issued a monetary policy strategy update following its monthly board meeting.

RBA unmoved ahead of September ‘shock’
NextGen.Net eyes open banking space with new acquisition

The technology solution provider has acquired open banking fintech Frollo in a bid to “improve lending experiences using open banking”, reduce expenses headaches and improve approval times

NextGen.Net eyes open banking space with new acquisition
Hold off on home buying, say analysts

Two-thirds of analysts do not believe that now is a good time to purchase a home, according to new research.

Hold off on home buying
Borrowers fail to cash in on lower rates

More than half of all mortgage holders believe that the interest rate on their home loans could be lower, but are settling for their current rate, according to research.

mortgagebusiness
Auction clearance rates up, volumes down

A seasonal reduction in the number of homes taken to auction has coincided with an increase in clearance rates over the past week.

Auction clearance rates up, volumes down
COVID-19 shifts home ownership goals

Australians are increasingly prioritising spacious living and separate study areas in their next home amid COVID-19 restrictions.

homeowner goals
Corona recovery dependent on improved employment

While Australia will fare better than Europe and the Americas, it will still be a “shocker” of a year, with the eye now on reducing unemployment levels when government support ends, says ...

Corona recovery dependent on improved employment
COVID-19 demand shocks rattle Melbourne housing

Melbourne’s property market has taken a harder hit by shocks in employment in the wake of COVID-19, with more shocks expected.

COVID-19 demand shocks rattle Melbourne housing
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