The real estate industry reflects the social class structure of Australia from one side The relentless housing boom in Australian cities, notably Melbourne and Sydney, is often described as a generational clash, with baby boomers shutting out young people. However, the sociological theory of social class suggests that parents’ wealth and social status will eventually…
Home prices have risen in every Australian capital city except Darwin, with nationwide home prices rising 1.1 per cent last month and five now at record highs. Prices in Melbourne rose 1.2 per cent last month to a record high, erasing an 11 per cent fall from their peak at the end of 2017. Despite…
The AHPPC issued a public notice on February 27, 2020 under the new coronary pneumonia Based on these epidemiological changes, extending travel bans to more than one country may not seem feasible or effective in the medium term. However, it may be appropriate to stay isolated or maintain some social distance after returning from high-risk…
Entering 2020, although the market is expecting the RBA to further cut interest rates, the latter has not yet taken action. Nevertheless, three of Australia’s four largest banks have quietly lowered savings account rates. According to data provided by the Australian interest rate comparison website Mozo, since 2020, the National Australia Bank (NAB) has reduced…
Foreword off-the-plan / established-the-plan Off-plan / Existing Existing property, established property is generally easier to understand. Off-the-plan is the collective name of Australian real estate to its side and off-plan, that is, real estate projects with even drawings and plans, but not yet completed. Auction / Private Sales Auction / Private Sale Auction and Private…
Foreword Although the negative asset-liability ratio is widely described as “tax torture for wealthy investors,” it is not a tax concession (tax relief, not tax exemption or refund). However, as the Financial System Consulting’s Murray Report concludes, this does encourage over-investment and over-leveraging in the Australian housing market. Therefore, although not the only reason for…
in the six months to December, NBN Co’s revenue increased by 39%, while earnings before interest, tax, depreciation and amortization reached 775 million yuan. The company said that it is expected to complete a large number of laying work by June 30, and it is expected that the revenue in the same period will increase…
Australia’s new “5% First Time Home Loan Program” has been implemented for some time, and for now, the enthusiasm for applications remains unabated. It is understood that so far, there are still a large number of places to apply for. As of February 1, 25 non-primary lenders will join National Bank and Federal Bank to…
One of the world’s most important rating agencies says the coronavirus outbreak will affect the Australian economy but will not affect the federal government’s rating. S & P Global said on Thursday that they believe the outbreak will reduce Australia’s GDP growth by half a percentage point, but this does not mean it will directly…
Led by the higher education sector, China has agreed to relax restrictions on the Internet so Chinese students in Australia can choose to study online during the travel ban. More than 100,000 Chinese students have obtained Australian student visas and plan to start their studies this month, but these students have been stranded outside Australia…