We’re constantly bombarded with headlines about how an RBA rate cut will “save households money” as if that’s the only impact worth talking about. Yes, lower interest means smaller repayments, and that’s great. But what gets glossed over far too often is the real power of a rate cut: it supercharges borrowing capacity.
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With auction clearance rates sitting comfortably between 70% and 85%, the data tells us one thing clearly: Melbourne’s property market is not just alive it’s performing.
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With the April holidays and federal election now behind us, confidence appears to be returning to Melbourne’s property market.
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Before diving into what the upcoming election could mean for the property market, let’s first take a look at the latest auction results for a clearer picture of current market activity.
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