According to the “Sydney Morning Herald” report, the Commonwealth Bank (CBA) became the first bank to pass the Reserve Bank of Australia’s interest rate cut, and some fixed mortgage interest rates fell to the lowest in history. On Tuesday, the Reserve Bank of Australia lowered the cash rate to 0.1%. CBA’s standard floating interest rate…
Under a series of economic stimulus measures by the Australian Federal Government and state governments, the number of residential and infrastructure construction in Australia in October reached the highest level in three years. Among them, the index for measuring detached residential construction activity climbed 4.4 points to 61.3 points, which is much higher than the…
The Internet has reached our city. Smart cities are optimized for efficiency, productivity and comfort. Smart cities use intelligent transportation systems. It is managed by a comprehensive urban command center that analyzes the ubiquitous raw material in the digital age: big data. With the daily lives of citizens, they leave traces of data everywhere, even…
As early as 1989, the Australian Institute of Criminology issued a report containing recommendations for homeowners and builders to manipulate the design of the house and the surrounding environment. By doing so, they are told that they can minimize their chances of becoming a victim of crime, especially property crime. Work hard to improve lighting,…
The Governor of the Bank of Australia, Phillip Lowe, said in a recent press conference that if the request is rejected, the homeowner can ask the bank to provide a lower mortgage loan agreement and can also switch to another bank. Affected by the central bank’s rate cut, the net interest margin of the four…
SQM said that the rebound in the number of listings laid the foundation for the late spring sales season, which may last until December and stimulate the real estate market early next year. SQM General Manager Louis Christopher said, “It seems that we are returning to the usual spring sales season. In October, all the…
In order to help Australia recover from the economic contraction caused by the epidemic, the Bank of Australia (RBA) announced on the 3rd that it will lower the official cash rate to a record low of 0.1% and announced a series of other measures. ABC News reported that the Reserve Bank of Australia announced on…
The ANZ Bank (ANZ) will implement the most ambitious net-zero emission initiative among the four major banks, and will use climate change as a condition for loans to increase pressure on farmers, construction companies and a series of companies to require them to formulate low-carbon emissions by next year Transition plan. The release of the…
According to a survey conducted by the National Australia Bank (NAB), the Australian Business Conditions Index (mainly measuring sales, profits and employment) rose by 22 points to -4 points in the third quarter of this year, with the employment status index being the lowest at -14 points. The survey also showed that the business confidence…
Since Covid-19 struck, Australian house prices have been rising, entering a neutral or positive zone for the first time. According to Domain’s latest quarterly report, first-time homebuyers are driving demand for homes that are being introduced to the market due to low interest rates, tax cuts, and preferences for changes in life after lock-in. In…