On Saturday, nearly a hundred people “gathered” together to watch the auction of a million-dollar mansion in Prahran, on the video conferencing software Zoom. Agent James said that if it is an offline auction, he believes that there will be a similar “crowd” size on the scene. “We have 5 bidders and 96 participants.” Located…
A bank in Australia has significantly reduced the deposit requirements for first-time buyers to help them purchase properties faster. West George’s St George Bank is trying to attract first-time buyers by reducing deposit requirements and reducing the lender’s mortgage insurance to almost zero. Starting on July 13, this regional bank will allow people who apply…
Under the recent blockade caused by the coronavirus, Melbournens who wanted to flee the area strengthened their determination to buy property. About 90% of buyers are currently from Melbourne, and since the first blockade, real estate transaction volume has tripled. Houses are now only sold through private treaties to meet the needs of Melbourne buyers…
Melbourne Red23 managing director Terry Portelli said: “We are currently seeing a weekly sales increase of 30% from the beginning of May, which is similar to the situation before the outbreak.” Monthly sales in Greater Melbourne and Geelong started from 1,100 in February And 900 in January fell to 576 in April. In May of…
As part of the government’s economic stimulus plan, about five million Australians affected by the epidemic will receive 750 yuan from this week. The Morrison government prepared to issue a second sum of money at the beginning of the outbreak. This money was used to support welfare recipients and stimulate the economy. This plan is…
House builders say construction workers are at risk of further unemployment in the short term, because any further delays in the HomeBuilder plan may force developers to suspend housing projects. The Ministry of Finance stated that as of June 29, 36,103 people had registered interest in the plan. Victoria accounts for the majority of interested…
According to historical data, Melbourne’s new hotel supply may reduce the short-term to medium-term investment prospects. However, from its excellent record of attracting new supply, it can be seen that Melbourne is still the focus of Victoria. The capital of Victoria has also established the best performing position in the Australian economic system, surpassing the…
An Australian developer and builder spent $25.3 million on a 20.8-hectare site in Ravenhall, west of Melbourne. The site is located at 31 Fuller Road. For this transaction, the developer and builder plan to develop a large industrial project worth more than A$100 million. The site has been under overall strategic planning with the Melton…
According to a plan being considered by the Morrison government, personal income tax relief worth billions of Australian dollars will be implemented at least one year in advance to help the economy escape the recession caused by the new coronavirus. This move has won the support of the Labor Party and is intended to help…
In response to the economic impact of Melbourne’s renewed blockade, the Morrison government is expected to announce a new income support plan to help Australians survive the new crown epidemic. Finance Minister Josh FRydenberg said on Wednesday that the government will have “another stage of income support plan, which will be announced later next month.”…