According to the Australian Bureau of Statistics (ABS), the total number of new houses and apartments approved in December last year increased to 19,537 for the sixth consecutive month, an increase of nearly 11% from November and an increase of 23% from the same period last year. ABS’s seasonally adjusted data show that the number…
One year has passed since the new crown pandemic, and Australians are more satisfied with their financial situation than before the outbreak, despite the unstable job market caused by the first recession in 30 years. However, the Scanlon Foundation’s annual social cohesion survey survey shows that the impact of the epidemic means that it has…
New data shows that the median house price in Toorak exceeded A$4 million for the first time since 2017, an increase of $331,000 within a year. According to Domain’s latest housing price report, this vibrant suburb is home to some of Australia’s wealthiest households, with a median of $4,181,250 in the December 2020 quarter, up…
In recent decades, with the improvement of sustainable development and energy efficiency, modern buildings have developed rapidly. However, increasing the priority of fire safety is not that important, and we need to rethink our approach. Combustible cladding materials commonly found in buildings cause safety hazards. The system originally used to help solve this problem is…
The housing area in Australia is getting bigger and bigger, but it is usually not sustainable. In our recent research, we studied the energy use of Australian houses, including the energy needed to build, maintain and power houses. Perhaps unsurprisingly, we found that more energy enters larger houses. This is not only bad for the…
Great Ocean Road attracts 2.6 million domestic tourists each year, and about 270,000 international tourists before the epidemic. The opening of the first phase ended the isolation of these communities. Howard Hitchcock, the mayor of Geelong at the time, believed that Great Ocean Road would become a tourist attraction. Michael Coutts, an agent of Great…
Australia’s housing prices have soared, with a total of 20 billion Australian dollars in loans. Experts worry that the Bank of Australia will raise interest rates, and the housing market boom will stimulate economic recovery. House prices in Australia have soared, with the total amount of mortgage payments reaching nearly 20 billion Australian house prices…
The Reserve Bank of Australia (RBA) board of directors announced at the first meeting of this year that the official interest rate will remain at a record low of 0.1%, and also announced plans to increase the purchase of government bonds by an additional 100 billion Australian dollars. Governor Philip Lowe, the Governor of the…
Although the economy is still recovering, low interest rates and government incentives have contributed to a strong rise in the Melbourne apartment market, and Melbourne’s unit prices have reached a record high. According to the Domain House Price Report, apartment prices in Melbourne soared by 4.4% in the December quarter to $569,677, a year-end increase…
The property market in remote areas of Australia is booming, with house prices rising more than capital cities. The latest Core Logic Hedonic house price index released this morning shows that in the past year, house prices in remote areas have increased by 7.9%, while capital cities have increased by only 1.7%. The report reads:…