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:…
As the auction market is warming up earlier than in previous years, the rate of housing change is even faster than the end of 2020. According to data from CoreLogic, the initial clearance rate across Australia rose to 81%, and as many as 891 houses were sold. There are 388 units ready for auction in…
Preface Countries in the world are taking measures to deal with climate change, and will become a net zero carbon dioxide emission country by 2050. Recently, Joe Biden (Joe Biden) won the presidential election, which means that the United States is the latest country to adopt this goal. So what does zero net worth mean?…
Households and small businesses have now repaid more than 80% of the nearly 250 billion Australian dollars in loans delayed in repayment during the worst of the new crown epidemic. New data shows that the national economic recovery is on track. According to data released by the Australian Prudential Regulation Authority (APRA) on Friday, the…
Melbourne’s real estate prices have soared, not only surpassing pre-pandemic levels, but also setting new records for house and unit prices. The median house price is currently A$936,073, and has risen by 5.3% in the last three months of 2020, setting a record high of A$907,600 since the March quarter when the epidemic broke out.…
The Director of Planning, Richard Wynne, announced that the use of combustible laminates has been banned since the beginning of the week. Now builders who fail to meet the requirements will face a fine of up to 400,000. This prohibition is aimed at the use of flammable aluminum composite panels, and apartment buildings and other…