This 9-kilometer-long double-tube tunnel is the core of the Metro Tunnel railway project and is expected to be completed in July this year. The train is expected to run on this new line ahead of schedule. According to a report by the “Pioneer Sun” on January 15th, the roadheader of this A$13.7 billion project is…
According to the December quarterly report of the Victorian Real Estate Institute, the median house price in Victoria has the largest increase since 2000. The median house price in Melbourne’s metropolis exceeded A$900,000 for the first time, an increase of 9.5% from the September quarter to A$941,000. The family seized the opportunity to upgrade their…
If record low interest rates lead to skyrocketing housing prices, leaving new buyers in a state of negative equity, or risking excessive debt, RBA and APRA are also prepared to tighten loan standards. According to documents obtained by The Times and the Sydney Morning Herald under the Freedom of Information Communication Act, as early as…
Preface Most comments on foreign investment in Australia are based on lack of data, as recent surveys of foreign investment in residential real estate show. At present, it seems that the only agency that collects data on this sensitive issue is the Foreign Investment Review Board, and it seems limited. Even the Australian Bureau of…