in three years The Bank of Australia’s analysis shows that if the 0.1% interest rate is maintained for a long time, Australian house prices may rise by 30% within 3 years. If the interest rate is a temporary interest rate, the expected housing price increase is 10%. Although the Reserve Bank of Australia is worried…
Starting this week, a carriageway will be closed and converted into a new pedestrian zone. This construction not only beautifies the city, but also improves traffic safety in the urban area. It is expected that there will be 400 square meters of additional space for pedestrians. Mayor Sally Capp said that more attractive and functional…
Foreword Foreign investment has always been a key issue in national policy debates. During the global financial crisis, the rising level of foreign investment provided support for the Australian economy and played a role in funding the resource boom . However, this has also caused a lot of political controversy, especially on the impact of…
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…
Preface Housing prices soared again, and “economically affordable housing” grew the fastest. There are indeed many factors at play, which is not surprising. The market instability caused by COVID-19 is driving asset acquisitions-real estate is a classic port in investor storms. Interest rates are at their lowest point in history and may remain in this…
In the past year, as families and retirees replaced European holidays with new houses, housing prices in Australian towns and coastal areas soared, but this caused a housing crisis in a certain part of Queensland. CoreLogic’s data shows that because the new crown epidemic cuts off the possibility of overseas travel, working at home makes…
The latest analysis by financial services company Canstar shows that personal credit card interest rates will only be lowered 15 times in 2020, and the average credit card interest rate will only drop slightly by 0.03%. Although RBA’s official cash rate has fallen from 0.75% to a record low of 0.1% in the past year.…