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While the rate hike was along expected lines, the industry stakeholders including borrowers were hoping for some relief from the Union budget

Only 16% homebuyers trust real estate agents, 54% still rely on friends, family, finds survey

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Big banks prepare to wrap up mortgage holidays in March Big banks prepare to wrap up mortgage holidays in March Wednesday, 20 January 2021 Not long after the pandemic hit, hundreds of thousands of Australians took up their bank’s offer to suspend mortgage repayments. But new deferral applicants will soon be turned down as banks prepare for the program’s end in March 2021. In a note to mortgage brokers, NAB said it will no longer be accepting deferral applications as of 20 January. Similar guidance has been issued by the other major banks, though an exact date has not yet been provided.