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APRA primes banks for sub-zero rates

The prudential regulator has released draft expectations, which could require banks to prepare for zero and negative interest rates.

Sydney lockdown bites into auction market

Sydney auction volumes were down 17 per cent from the initial predicted count, while over 70 per cent of properties sold prior to auction amid the ongoing lockdown.

Dwelling sales spike despite lockdowns: REA

Amid multiple lockdowns, preliminary weekly sales over the first 27 weeks of 2021 were 60 per cent higher than 2020 and almost 70 per cent higher than 2019, according to new data.

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