Big 4 extends freeze on foreclosures until 2022
A major bank has announced that it is extending the freeze on foreclosures it first announced in November 2020, until...
The Reserve Bank’s rate cut this month was good news for investors but it may still take a few more drops before they jump back into the market, a leading analyst said.
“The last time the Reserve bank cut interest rates a lot of investors and homebuyers jumped back into the market even though credit was tight, because there were government backed stimulus incentives available at the time,” Mr Kusher said.
“I think this time homebuyers will be a lot more wary about doing that because after the last experience they will see as soon as things get better again, the Reserve Bank will start hitching up those rates.”