On Tuesday, the Reserve Bank of Australia kept the cash rate at 0.25%, but experts urged borrowers to seek cheaper deals. The latest analysis of financial services company Canstar surveyed 1,000 Australians and found that: The average interest rate paid by respondents for their own homes is 3.73%. The average investment loan interest rate paid…
Non-essential retail stores are closed, and permits for work and childcare are required. The list of permitted industries was updated again this morning. Moreover, work permits cannot be issued at will. Companies that issue permits to unqualified employees are fined up to $99,123, and individuals face fines up to $19,826. Employees in essential industries such…
Australia’s A$22 billion National Disability Insurance Scheme (NDIS) is still an important policy of the coalition government. One of Prime Minister Malcolm Turnbull’s first tasks is to sign an agreement to fully promote the NDIS in Victoria and New South Wales by 2019. These agreements provide some insights into the interface between housing and NDIS.…
According to a recent report by RealEsate, housing prices in multiple jurisdictions on the Mornington Peninsula have soared over the past 20 years. Among them, Tyabb ranked first in the 20-year increase list. The median house price in the area soared by 682%, from A$121,500 to A$950,000. Somers has ranked second with a 577% increase,…
The percentage of suppliers willing to conduct online auctions is higher than during the first round of restrictions in April. Domain’s senior research analyst Nicola Powell said that 272 auctions are planned in Melbourne this Saturday, although fewer than last week, sellers will be more prepared for online auctions in the coming weeks. Last week,…
After spending the first night of the curfew in Victoria, the government is considering extending JobKeeper wage subsidies and introducing paid pandemic sick leave. Mr. Frydenberg said that the current form of JobKeeper will last until the end of September, which is later than the duration of the lockdown plan. He told the ABC on…
In many countries, including New Zealand and Australia, foreigners’ ownership of property is receiving increasing attention. A recently released report found that Chinese investment in residential real estate is slowing down. As the gap in rental yields between the two countries has narrowed and house prices have risen, the attractiveness of Australian residential real estate…
Preface Australian real estate based on private housing ownership is a new concept in the 20th century. The houses were and have been designed and built for the people of the past few centuries. The result is discrimination and exclusion of housing, and it becomes increasingly unbearable. We increasingly need housing that can adapt to…
It’s the project some said may never be get off the ground. But work on the $50 billion Suburban Rail Loop is ramping up and about to hit a major milestone. https://www.heraldsun.com.au/subscribe/news/1/?sourceCode=HSWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.heraldsun.com.au%2Fnews%2Fvictoria%2Fsuburban-rail-loop-drilling-almost-completed-on-stage-1-between-cheltenham-and-box-hill%2Fnews-story%2Fa5f75237ea5b84b1ce711058d16f82ac&memtype=anonymous&mode=premium
Top economists have warned of the urgent need to prevent crippling deflation after the biggest plunge in prices since the Great Depression. https://www.dailytelegraph.com.au/subscribe/news/1/?sourceCode=DTWEB_WRE170_a&dest=https%3A%2F%2Fwww.dailytelegraph.com.au%2Fnews%2Fnsw%2Feconomists-warn-of-need-to-stop-deflation-as-prices-fall%2Fnews-story%2Fec4ee9e2514d504c35b46ade8cb4cadd&memtype=anonymous&mode=premium