Reverse mortgages are a way to unlock home equity, and for many Australians, it is an important part of wealth. The Financial System Inquiry (Financial System Inquiry) proposed this mortgage to support retirees to diversify their wealth and improve the efficiency of Australia’s financial system. The relative growth rate of reverse mortgages corresponds to this,…
The 11 billion-dollar Melbourne subway tunnel project recently opened the underground passage between Parkville and South Yarral, which marks the completion of 50% of the work of this major project. A total of more than 364,000 cubic meters of gravel soil were excavated by excavators. Another excavator is currently completing the excavation of another tunnel…
Borrowers are expected to see further declines in mortgage interest rates as Australia is struggling to escape the economic disaster brought about by the new crown epidemic. The Reserve Bank of Australia (RBA) Deputy Governor Guy Debelle said that the central bank may ease monetary policy and further reduce the official cash rate to 0.1%…
UBS analysts Tom Bodor and Grant McCasker said that if the Australian government provides support in taxation and planning, the scale of BTR (long-term rental apartment) construction in Australia will increase significantly in the next three years, adding 10,000 long-term rental apartments every year. Two analysts said that five large developers, including Mirvac, are increasing…
The developer has proposed a plan for a retirement community that will cost 160 million Australian dollars. The proposed project is located in the historic Beechley Manor on the Mornington Peninsula. As part of the proposal, the developer will preserve and restore the existing heritage-protected buildings on the site. The developer also hired heritage expert…
In this Victorian city where auctions are the bulk of the market, the extension of the ban on house participation and on-site auctions will end on October 26. The state government has hinted that it may relax the house auction earlier, and both buyers and sellers will be ready to wait for Christmas Do your…
Daniel Andrews told reporters yesterday that the average number of COVID-19 cases in Melbourne has fallen in 14 days and restrictions will be relaxed on Sunday. He hinted that the blockade restrictions could be relaxed as early as Sunday because the average daily number of new additions reached the lowest in three months. Melbourne’s 14-day…
If you have ever bought a house, you will know that the sale of a house will not tell you the heating, cooling, and electricity costs for the house every day and every month. The Australian Sustainable Built Environment Council (ASBEC) 2016 called for the establishment of a unified national household sustainability rating system. It…
The green infrastructure of our city includes public, designed and demarcated areas, as well as informal and unplanned vegetation areas-informal green spaces. These spaces account for a large part of the urban green space. However, a recent study found that they are usually one of the most overlooked urban spaces, which may lead to negative…
The green infrastructure of our city includes public, designed and demarcated areas, as well as informal and unplanned vegetation areas-informal green spaces. These spaces account for a large part of the urban green space. However, a recent study found that they are usually one of the most overlooked urban spaces, which may lead to negative…