Since Covid-19 struck, Australian house prices have been rising, entering a neutral or positive zone for the first time. According to Domain’s latest quarterly report, first-time homebuyers are driving demand for homes that are being introduced to the market due to low interest rates, tax cuts, and preferences for changes in life after lock-in. In…
The Australian Institute of Architects (AIA) National Architecture Awards (to be awarded on November 6th) include a category called “Durable Architecture”. Where fast-paced “build and release” cycles often become the operating model of construction companies, this award allows us to stop and consider slow and thoughtful, longer horizons, and greater benefits. This category first appeared…
Although housing prices in the largest housing market have been suppressed, housing prices in many urban areas in Australia have risen strongly, and some have soared to historical highs, demonstrating their strong resilience in the face of the epidemic. According to the Australian Financial Review report, CoreLogic’s analysis data shows that Dubbo, a small town…
The deputy governor of the Reserve Bank of Australia, Guy Debelle, said the 12-week lockdown in Victoria will not hinder Australia’s recovery from the first economic recession in more than 30 years. He said: “At present, the best guess is that it looks like Australia’s economic growth in the second quarter was positive, rather than…
Stephen Halmarick, chief economist at the Commonwealth Bank of Australia (CBA), predicts that the Reserve Bank of Australia will announce a more accommodative monetary policy at its board meeting next Tuesday, setting the cash rate, three-year bond target yield and long-term financing facility (TFF) targets The interest rate was reduced from 0.25% to 0.1%. Previously,…
In the technological age, when we have so many social experiences that are virtual, the role of architecture in the experience of real-time situations is becoming more and more curious. How does architecture affect our emotions, and what design interventions can be taken to help us through the chaos of daily life? In the recent…
A temporary engineering evaluation released earlier showed that the concrete panels were broken due to deviations from the original design in the manufacturing and assembly of the concrete panels. Although the building is structurally stable and there is no danger of collapse, repairing the failure will be expensive, slow and cause damage to residents. The…
According to the Domain Rent Report, the median weekly asking rents for detached houses and units in Melbourne were A$440 and A$400, respectively, up 2.3% and 4.8% year-on-year. In the Glenelg area on the border of South Australia, the asking rent for a single house was $350 in the September quarter, an increase of 16.7%…
Based on the budget boost to business and consumer confidence, as well as the signs of employers and employees shifting from employment subsidies to full-pay employment, this is a major and bold call. Entering next year, Morrison has three major advantages: commitments, credibility accumulated in dealing with the epidemic, and early signs of economic recovery.…
The Reserve Bank of Australia has actually given the green light for real estate investment. One day after the Bank of Australia Governor Philip Lowe delivered a speech, the market share competition of mortgage agencies has led to a sharp rise in housing prices. Dr. Lowe said that record low interest rates will continue for…