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.…
CoreLogic’s new data shows that as of January 10, the total number of houses for sale in Australian capital cities fell by nearly 18% year-on-year to close to 66,000. New listings (houses that had not previously advertised for sale within 75 days) increased by nearly 11% to close to 9,000. But this is almost entirely…
The epidemic has completely changed the shopping pattern of Australians. According to Australia Post’s e-commerce data at the end of 2020, the number of online shopping in Australia in November increased by 55.6% from the previous month, and both Victoria and South Australia achieved a growth of more than 64%. . According to data released…
The Australian dollar has recently returned to 77.41 US cents and then rebounded again. It was as low as 77.01 US cents in early trading today and then rebounded to 77.82 US cents before consolidating at a high level. In terms of sectors, the financial sector declined for most of the first 3 hours, but…
The closure of state borders within Australia will continue for at least six months to control COVID-19, after which vaccines are distributed across the country to provide sufficient herd immunity and weaken public health response measures. In spite of the continuing frustration and uncertainty it has brought to businesses and travelers, the federal government has…
There is no doubt that Australia’s construction industry is facing difficult times. COVID-19 has caused slow migration. This will reduce the number of houses built in total. This means fewer jobs in the construction industry, which employs nearly one in ten Australians. The Morrison government is announcing a stimulus package for the construction industry. But…
The federal government has repeatedly stated in its 2017 budget that it tends to use “scalpel” rather than “chain saw” or “sledgehammer” methods in the housing market. The number of housing measures in the budget is wider than the most recent previous budget. The policy levers of both supply and demand have been incorporated into…
According to a new survey, two-thirds of Australians believe that now is a good time to buy a house, the highest level since mid-2019. The investigation found that many people quickly got rid of the gloom of the real estate market and were more confident in buying real estate than before the epidemic. This monthly…
On January 13th, Australian Finance Minister Josh Frydenberg said that about 1.3 million Australians lost their jobs during the epidemic. In order to promote economic recovery, the Morrison government introduced a tax cut of 7 billion Australian dollars in the second half of 2020. Since July, the average tax cut for each person has exceeded…
The proportion of Australians who expect house prices to rise in their area has almost quadrupled in just three months. In a September survey by financial comparison website Finder, only 5% of people expected house prices in their locations to rise sharply. However, this survey of 1,004 Australians found that by December last year, this…