Chamberlain Property Advocates | Your Melbourne Buyer & Sellers Advocate
Your Melbourne Buyer & Sellers Advocate
The Royal Bank of Australia yesterday announced that interest rates will remain at 1.5 per cent, where it has sat ever since August 2016. RBA governor Philip Lowe said the low interest rate would continue to support the economy: "Further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual," "Taking …
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The Melbourne property market is confirmed to be in a cooling condition due to the drop in auction clearance rates in many suburbs since the start of the year. Data collected by the Domain Group from January to March shows clearance rates were lower compared to the same months in 2017. In some suburbs, the clearance rate was just a little above 50 percent while across Melbourne, the rates …
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