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Economy

Auction ban lifted in Victoria

The Victorian state government has reintroduced on-site auctions and open inspections as COVID-19 restrictions ease across the country.

Auction ban lifted in Victoria
Join Smartline Personal Mortgage Advisers for their May 20 Build your own Business webinar

Promoted by Smartline Smartline’s Andrew Wild hosts CEO Sam Boer and a panel of guests including Executive Manager – Economic Research Cameron Kusher, for this upcoming event offering an ...

Join Smartline Personal Mortgage Advisers for their May 20 Build your own Business webinar
NSW, Victoria open door to stamp duty reform

State governments have revealed that stamp duty reform is being considered as part of a broader agenda to restructure state economies off the back of the COVID-19 crisis.

NSW, Victoria open door to stamp duty reform
Mortgage auction sites merge

Mortgage bidding site LoanDolphin has been subsumed under the Joust brand after the two platforms joined forces to create a larger online home loan auction platform.

Mortgage auction sites merge
Clearance rate jumps to two-month high

Auction clearance rates rose and withdrawal rates fell, while a lift on auction bans is expected to lift confidence.

Clearance rate
Bank CEO resigns, interim appointed

The chief executive of a non-major lender will step down after just months at the helm.

Bank CEO resigns, interim appointed
Deferrals, redraws to offset decline in volumes: RBA

Banks are set to retain the current value of their mortgage books despite an expected decline in home loan volumes, according to the Reserve Bank.

Deferrals, redraws to offset decline in volumes: RBA
Banks freeze 392,000 home loans

Australian banks have deferred a total of at least $200 billion in loan repayments across 643,000 loans since the beginning of the COVID-19 pandemic.

Banks freeze 392,000 home loans
Banking royal commission reform deferred

The federal government has announced that it would delay the implementation of reforms recommended by the banking royal commission.

Banking royal commission reform deferred
Wealth disparity to deteriorate home ownership

Rates of home ownership around the world are set to decline over the next 20 years, as wealth inequality grows, new AHURI research has shown.

Wealth disparity to deteriorate home ownership
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