More than a quarter of Victoria’s homebuyers are hit by the highest stamp duty rate, which has sparked a call for a comprehensive reform of the $6 billion stamp duty. Ordinary buyers are now forced to pay nearly 44,000 yuan, 2.5 times that of the stamp duty in 2008. The median house price in Melbourne…
After a solid victory in the federal election, the glory of the coalition party seems to be fading, and the latest Newspoll shows that the Labour Party has narrowed the gap between the two sides. Although Morrison and the Alliance Party received strong support in the first few weeks after the election, the polls on…
Australia is the driest continent in the world with the least amount of precipitation (the average annual precipitation is only 455mm), and about two-thirds of the country is in arid or semi-arid areas, and almost all of Australia is often threatened by drought. At the same time, continued urbanization has made roads and buildings in…
Following Tuesday’s victory over ASIC, the court rejected regulators’ irresponsible loan allegations, and Westpac announced a series of reforms to its home loan policy. The updated guidelines are scheduled to take effect on August 20, not only primarily, but also related brands: St George, Bank of Melbourne and Bank SA. Perhaps most notably, Westpac will…
Practical practices in guarding water resources The basic strategy for achieving sustainable environmental resource management is to protect water resources, which has been the core objective of the US Army Corps of Engineers for environmental safety over the past 30 years. Based on this, “promoting water cycle health and strengthening water storage mechanism” has become…
What is a sponge city? The construction of the sponge city is regarded as an important measure to enhance the city’s flood control capacity. Its practice is to effectively control the rainwater absorption, storage and slow release of rainwater through infrastructure, roads and green space through strengthening urban planning and management. run-off. The construction of…
Later this month, commuters may experience cancellations and delays in trams. Drivers who seek better pay, will refuse to work overtime and refuse to work on rest days. About 1,500 Yarra Trams drivers and customer service staff voted on August 26 (Monday) to launch the work ban in an effort to achieve a 6% annual…
Due to security concerns about the winning bidder, the Victorian Liberal Party was forced to return more than $300,000 from the fundraising auction, including money raised with the Malcolm Turnbull, Julie Bishop and Matthew Guy dinner auctions. The auction, which was attended by the then Prime Minister, Foreign Minister and Victorian Opposition Leaders, was brought…
Infrastructure Australia announced that the expansion of the East Coast suburbs has ended and warned that the biggest challenge for the government will be to provide adequate inland services to cope with the growing population. Romilly Madew, the chief executive of the infrastructure regulator, said, “The 70-year leading trend in our urban fringe has ended.”…
ANZ CEO Shayne Elliott warned that if banks become more conservative, the revised plan for responsible lending regulations may further hamper borrowers’ access to credit and undermine the economy. In a panel discussion at the loan company Aussie Home Loans’ biennial national conference, Mr. Elliott said that if banks and other lenders become more cautious…