Reverse mortgages are a way to unlock home equity, and for many Australians, it is an important part of wealth. The Financial System Inquiry (Financial System Inquiry) proposed this mortgage to support retirees to diversify their wealth and improve the efficiency of Australia’s financial system. The relative growth rate of reverse mortgages corresponds to this,…
The 11 billion-dollar Melbourne subway tunnel project recently opened the underground passage between Parkville and South Yarral, which marks the completion of 50% of the work of this major project. A total of more than 364,000 cubic meters of gravel soil were excavated by excavators. Another excavator is currently completing the excavation of another tunnel…
Borrowers are expected to see further declines in mortgage interest rates as Australia is struggling to escape the economic disaster brought about by the new crown epidemic. The Reserve Bank of Australia (RBA) Deputy Governor Guy Debelle said that the central bank may ease monetary policy and further reduce the official cash rate to 0.1%…
UBS analysts Tom Bodor and Grant McCasker said that if the Australian government provides support in taxation and planning, the scale of BTR (long-term rental apartment) construction in Australia will increase significantly in the next three years, adding 10,000 long-term rental apartments every year. Two analysts said that five large developers, including Mirvac, are increasing…