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The Australian Prudential Regulation Authority (APRA) has announced that it will proceed with the proposed changes on its residential mortgage lending guidelines, boosting confidence in the property market.
Days after the Reserve Bank of Australia’s (RBA) rate-cut announcement, firmer clearance rates at auctions showed a renewed confidence in the housing market.
The Victoria government has included a new provision in the Residential Tenancies Act (RTA), which represents the most comprehensive change to residential tenancies in 20 years.