Melbourne median house price up $60,000 since year began
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Melbourne’s median house price has risen $60,000 since the new year began as property values defy a global pandemic, leaving investors and first-home buyers battling it out at auctions.
Property prices are surging in capital cities across the nation with Melbourne values up 2.4 per cent in March, led by a house price rise of 2.6 per cent to a new median of $859,097 on CoreLogic data. At the start of the year Melbourne’s median house price was $799,980.
It seems that the bullying and intimidation Wilson was referring to was the rather vanilla television advertising campaign launched by Industry Super Australia aimed at the Government’s Your Future, Your Super legislation.
So, hearing Wilson’s pleas to APRA, Outsider was left to wonder whether this was the same Tim Wilson who prosecuted the Government’s campaign against franking credits during the last Federal Election, the same Tim Wilson who has used his committee to relentlessly interrogate superannuation funds over their activities and the same Tim Wilson who is now campaigning to put home ownership ahead of super?
Are there two Tim Wilsons, one of whom is a victim?
House price party will end in tears unless someone turns off lights soon
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If the Australian property market were a party, itâs at that point where the drinks should be put away, the guests kicked out and the bed turned down for a good nightâs sleep.
Unless the Reserve Bank, the Australian Prudential Regulation Authority and federal and state governments step in soon, the country is going to wake up with a hangover that will last for years.
Capital city house prices have climbed at their fastest rate since 1988, on the back of record low interest rates and government programs.
By Frank Jackman
11.30 AM
The Australian Prudential Regulation Authority (Apra) hit Macquarie Bank with a A$500m ($378.4m) capital charge on Thursday, having uncovered serious faults in the firm s risk management practices. The announcement came a day after the bank paused its return to the sterling bond market.
The Australian regulator said that it had increased Macquarie’s liquidity and operational risk capital requirements in response to multiple breaches of prudential and reporting standards.“The enforcement action relates to the incorrect treatment of specific intra-group funding arrangements for the purposes of calculating capital and related entity exposure
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