One of the clear differences between the inner and outer suburbs of Australia is the quality and type of retail products. The upscale urban suburbs (such as Melbourne’s Fitzroy) have independent owner-operated retail operations. Busy “third places” such as cafes, bars and restaurants are commonplace, where people spend time between home (“first” location) and work…
This week, nearly 2,000 homes in Australia participated in the auction, which was basically the same as last week’s auction, indicating that the number of auctions has continued to be stable recently. The preliminary clearance rate for this week was 75.6%, which was slightly lower than the initial clearance rate of 77.3% last week. A…
Victorian Governor Andrews signed a new agreement with China, which is part of the controversial One Belt One Road plan. The framework agreement was signed today with the National Development and Reform Commission in Beijing. Victoria and China will cooperate with China on infrastructure, innovation, elderly care and trade, but these documents have no legal…