The Labour Party waved through Senate legislation that extended JobKeeper for six months after trying to force the government to protect employees who could not get JobKeeper’s wages of A$600 a week. JobKeeper 2.0 was passed in the Senate on Tuesday after the government was forced to make last-minute technical changes. Version 2.0 will start…
The Victorian Parliament was brightly lit, and members of the Parliament had a marathon debate on the government’s proposed extension of the state of emergency law. After the debate, a vote was taken immediately, with 20 votes in favor and 19 votes against. The Victorian Parliament has passed a bill to extend the state of…
The Victorian government will spend A$31.7 million to lease private rental properties for people currently living in high-rise public housing. According to the tower relocation plan, up to 420 private rental properties will be leased for a period of two years, which will increase the supply of residents on the Victorian housing register. Housing Minister…
The Australian dollar continued to strengthen on the basis of its strong performance last Friday, reaching 73.66 US cents this morning. Against the background of the overall weakness of the U.S. dollar and the rise in commodity prices, the Australian dollar rushed to its highest level since December 2018. The RBA Board of Directors will…
The Governor of Victoria (Daniel Andrews) announced that the Victorian government will release its roadmap for reopening on Sunday, September 6, to provide certainty and clarity to communities and businesses. The Andrews government will elaborate on the reopening plan on Sunday and build on key principles to ensure that once restrictions are relaxed, the number…
According to data from the real estate website, since 2000, the housing affordability of Victorians has soared to the best level. The Housing Industry Association Affordability Report was released this week. The report combines the impact of the new crown virus pandemic on housing prices and Victoria’s 2018-2019 market adjustments to calculate this year’s housing…
The current Reserve Bank of Australia cash interest rate is 0.25%. Taking into account the 2% inflation factor, the real interest rate has been zero or negative. According to the Reserve Bank’s analysis, a one percentage point cut in interest rates will push up house prices by 30%. It is estimated that the two interest…
Australian media revealed that Morrison is planning to adopt the Danish model, using “color coding” to distinguish the epidemic restriction levels across Australia, rather than the current “one size fits all” model. Morrison said that closing state borders has always been one of only two differences between the national cabinet. Morrison said: “Before the vaccine…
Several real estate agents in Victoria said that during the epidemic, Melburnians became more and more interested in buying property in the countryside. Real estate analysis company CoreLogic recently commissioned a report on rural immigration during the new crown. The report found that during the epidemic, housing prices in township centers across Australia were more…
A draft extending Jobkeeper and JobSeeker to March will be submitted to Parliament on Wednesday and will be passed with the support of the Labour Party. Morrison told reporters in Canberra: “I expect that we will continue to provide this one-time largest income aid that Australians have ever received.” The Labour Party supports this regulation,…