Reserve Bank of Australia Governor Philip Lowe said recently that such action would only put more pressure on the central bank and the economy. “There is an argument that the central bank should print money in the public interest at a time when the government is running a deficit and money is urgently needed to…
The PRA plans to revise its plans next week to consider postponing an earlier decision to recommend a dividend suspension or cut in response to the outbreak, involving Westpac, ANZ, NAB and others worth more than A $7 billion. The Australian authorities believe the capital markets are functioning in an orderly way and the stress…
preface Much has been said about finance and the supply side of affordable housing. Because of the diversity of affordability issues, reviews are also different for affordable housing. The terms affordable housing and social housing are sometimes used interchangeably, which can cause confusion. Affordable housing is more inclusive – it represents the aspirations of all…
The 38-story office building (216 meters high) on Collins St, Melbourne’s central business district, was recently completed at a cost of A$1.5 billion. The building is now owned by Dexus, a real estate giant listed on the ASX. Construction of the building began in the first half of 2017. A 43,000 square meter hotel with…
Stimulated by local and overseas news, the Australian dollar rose to its highest value against the US dollar in 15 months last night. The Australian dollar hit 71.47 US cents, its highest value since April last year. The exchange rate for the Australian dollar at 9:30 am was 71.28 US cents. After EU countries agreed…
The latest Australian Household Consumer Intention Index released by the Commonwealth Bank of Australia shows that in June, the Australian household purchasing intention index rose by 6%, close to the level of March this year, when Sydney and Melbourne house prices rose by 13% and 12% respectively. The Commonwealth Bank’s data also showed that the…
It is not easy to integrate the standard of affordability into the urban planning and development system. So when developing a new project, affordability becomes a tricky thing. So this article will discuss several points of knowledge, whom to refer to to solve this burden problem, the status of affordable housing and the valuable reference…
The federal government will consider tax and regulatory preferences to make Australia an international financial services center. Finance Minister Josh FRydenberg considered early the call of Liberal Senator Andrew Bragg and financial services leaders to promote the establishment of a regional financial center because he also hopes to promote the economic recovery that has been…
Lending institutions and consultants said that “parents’ banks” (buying homes funded by their parents) are making a comeback, due to new low lending rates, generous government incentives for first home buyers, and reduced competition from investors, which has increased parental assistance The pressure of children owning their own property. Digital Finance Analytics (DFA), which monitors…
The research firm SQM said that the vacancy rate dropped from 2.5% in May to 2.2% that month. As of the end of the financial year, the total number of vacant residential properties in Australia was 77,132. Louis Christopher, managing director of SQM, said the national vacancy rate at this time last year was slightly…