Australia’s largest bank will stop automatically offering mortgage holidays to homeowners who are struggling due to the new crown virus pandemic, and major lending institutions have begun contacting tens of thousands of customers who have not yet begun repayment to collect debts. At the height of the new crown epidemic last year, hundreds of thousands…
Although the surge in new crown cases in December caused consumer confidence to frustrate, expectations for housing prices rose again. The Westpac Melbourne Institute’s index of house price expectations rose 1.1% in January—and usually, this is a month of quieter real estate activity. Before price expectations rose, the index surged 9.4% last month to 143.7…
Recently, the Australian Department of Law released a report on the review of the Australian intelligence legislation framework-the “Richardson Review”, which for the first time extensively reviewed many national security laws passed in Australia after the “911” terrorist attacks. It is reported that the review recommends that the government merge the existing “Telecommunications (Interception and…
Preface In the last election debate of the Rooty Hill RSL club, both leaders were asked about foreign investment in Australian agricultural land. Former Prime Minister Kevin Rudd said that he is “not as free as Abbott’s market”. When he owns agricultural land, he prefers joint ventures between foreign companies and Australian companies. Kevin Rudd…