Economy

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The prudential regulator is to recommence the issuing of new licences and restart its policy and supervision initiatives, which were temporarily suspended earlier this year due to COVID-19

All states have now opened for applications for the federal government’s new HomeBuilder grants, with ACT the only government yet to launch an online application form.

The Commonwealth and NSW governments have agreed to fund 781 new social and affordable homes through the National Housing Infrastructure Facility.

Melbourne has registered a lower withdrawal rate during the second lockdown period and a strong preliminary auction clearance rate.

The Reserve Bank has revised its outlook for dwelling investment in the wake of new lockdown measures in Victoria and expectations of a sharper deterioration in labour market conditions.

The industry superannuation funds-owned bank has appointed a new chief risk officer, after the previous CRO departed in January.

The federal government has committed an extra $15.6 billion into the JobKeeper scheme and will revise eligibility requirements, given the economic effect of the Victorian resurgence.

The government has confirmed that HomeBuilder participants in Victoria will be given more time to commence residential construction.

A trident of developments over the coming months are set to “test” the resilience of the residential property market and threaten to deepen the downswing in home values, according to ...