Australia's Housing Slump Deepens: Premium Properties Crater and Auctions Dry Up

The mortgage market is quietly gearing up for a price war that could put money back in borrowers' pockets. As housing turnover slows and mortgage lending shrinks, banks are fighting harder for new customers. NAB recently reported a 15% drop in home loan applications, and Westpac and Equifax have independently flagged falling demand. The result? Lenders are cutting rates for new borrowers and refinancers. It's not a fire sale yet, but if you're willing to haggle or threaten...