Nationwide auction clearance rates rose slightly to 46.2 over the weekend but were still substantially down from activity the same time last year (63.5 per cent).
Bank commission cuts have spurred a broker sentiment swing to the non-bank sector.
Record high national population growth is expected to fuel strong rental increases in most capital cities across Australia.
Worldwide inflation is of a greater concern than the global credit crisis, according to G-8 finance ministers.
Commercial auction clearance rates fell to a record low 39 per cent in May, with only 83 of 213 properties selling nationally.
Demand for employment in the retail banking and mortgage sector fell in May by 4.1 per cent, the Olivier Job Index revealed yesterday.
With ANZ the only big five bank yet to announce changes to broker commissions, the second tier banks have now taken centre stage.
BankWest yesterday unveiled the first of more than 50 new Victorian retail stores.
The US mortgage market has showed signs of improvement, data from the Mortgage Bankers Association (MBA) showed overnight.
Consumer sentiment took an unanticipated 5.6 per cent plunge in June, the Westpac Melbourne Institute Index of Consumer Sentiment revealed yesterday.
Commercial loan commitments dropped in April to $32.601 billion, seasonally adjusted, ABS figures highlighted yesterday.
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