ABS chief economist Bruce Hockman said: “Despite the rebound in lending activity, after a sharp decline in April and May, the amount of housing loan commitments in June still fell by more than 10% compared to March.” Despite the market rebound. , But the fourth phase of restrictions related to the Melbourne epidemic is expected…
Before experts agree to relax restrictions safely, Victoria’s daily number of new cases must fall below 20, but this milestone may not be too far away. The authorities do not rule out extending the current lockdown period. Governor Daniel Andrews said earlier this week that there is no “magic number” that must be unblocked once…
Victorians’ appeal to extend the federal government’s $25,000 HomeBuild plan was approved. The preliminary plan of the plan stipulates that applicants should start construction within three months after signing the contract. According to the fourth phase of COVID-19 restrictions, national tax experts have extended the period by six months. Although the extension will not change…
On Tuesday, the Reserve Bank of Australia kept the cash rate at 0.25%, but experts urged borrowers to seek cheaper deals. The latest analysis of financial services company Canstar surveyed 1,000 Australians and found that: The average interest rate paid by respondents for their own homes is 3.73%. The average investment loan interest rate paid…
Non-essential retail stores are closed, and permits for work and childcare are required. The list of permitted industries was updated again this morning. Moreover, work permits cannot be issued at will. Companies that issue permits to unqualified employees are fined up to $99,123, and individuals face fines up to $19,826. Employees in essential industries such…
According to a recent report by RealEsate, housing prices in multiple jurisdictions on the Mornington Peninsula have soared over the past 20 years. Among them, Tyabb ranked first in the 20-year increase list. The median house price in the area soared by 682%, from A$121,500 to A$950,000. Somers has ranked second with a 577% increase,…
The percentage of suppliers willing to conduct online auctions is higher than during the first round of restrictions in April. Domain’s senior research analyst Nicola Powell said that 272 auctions are planned in Melbourne this Saturday, although fewer than last week, sellers will be more prepared for online auctions in the coming weeks. Last week,…
After spending the first night of the curfew in Victoria, the government is considering extending JobKeeper wage subsidies and introducing paid pandemic sick leave. Mr. Frydenberg said that the current form of JobKeeper will last until the end of September, which is later than the duration of the lockdown plan. He told the ABC on…
It’s the project some said may never be get off the ground. But work on the $50 billion Suburban Rail Loop is ramping up and about to hit a major milestone. https://www.heraldsun.com.au/subscribe/news/1/?sourceCode=HSWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.heraldsun.com.au%2Fnews%2Fvictoria%2Fsuburban-rail-loop-drilling-almost-completed-on-stage-1-between-cheltenham-and-box-hill%2Fnews-story%2Fa5f75237ea5b84b1ce711058d16f82ac&memtype=anonymous&mode=premium
Top economists have warned of the urgent need to prevent crippling deflation after the biggest plunge in prices since the Great Depression. https://www.dailytelegraph.com.au/subscribe/news/1/?sourceCode=DTWEB_WRE170_a&dest=https%3A%2F%2Fwww.dailytelegraph.com.au%2Fnews%2Fnsw%2Feconomists-warn-of-need-to-stop-deflation-as-prices-fall%2Fnews-story%2Fec4ee9e2514d504c35b46ade8cb4cadd&memtype=anonymous&mode=premium