Schiavello Group has completed the $1 billion mixed-use M-City Monash project in Clayton’s former warehousing district. It is one of the largest masterplanned community, single stage developments undertaken in Victoria and includes three residential towers, residential terraces, a hotel, office tower and retail. The 30,000sq m site with a built area of more than 18-hectares is located…
On the last weekend of July, online auctions in Melbourne broke sales records in the two suburbs, which had a positive impact on the real estate market. Both Macleod and Mulgrave set the record for the most expensive real estate auction transactions ever. After a major renovation of 19 Dwyer Street, a real estate couple…
The Australian dollar, which has been weakening since 2018, has experienced a heavy depreciation in early March and a rebound in the second half of the same month. It has so far risen by more than 24%, which is a new high in the past 15 months and has returned to an appreciation trend. In…
Mr. Morrison said he plans to go to Washington to participate in the upcoming G7 summit. He told reporters on Monday: “I am going to visit Washington if the G7 meeting is going on.” “This is an important opportunity for Australia. It is abnormal if we do not try to participate in these meetings. Our…
The latest “Domain Housing Price Report” shows that housing prices in mining towns and rural areas have seen strong growth. In the three months ending in June, the median house price (including detached houses and units) in Australia’s rural areas increased by 0.1%, reaching a median price of A$417,608. In contrast, the median house price…
On Thursday, the ASX200 index rose 19.4 points to close at 6094.5 points, an increase of 0.32%. The common stock index rose 21.3 points to 6213.9 points to close, an increase of 0.34%. Today, the exchange volume of ASX stocks reached 6 billion shares, with a turnover of 6.3 billion Australian dollars. 716 stocks rose,…
The ban on the country may be lifted in January next year, and international students may return to Australia before it is lifted. Yesterday, Finance Minister Josh Frydenberg revealed the issue of border opening. He said that no decision has been made to open the border, but it is predicted that the travel ban will…
With the easing of pandemic restrictions, interest surged in June, returning to levels last seen in March, when prices rose 13 per cent in Sydney and 12 per cent in Melbourne. The Bundesbank’s latest index of households’ willingness to spend shows that home-buying intentions, which collapsed in the early days of the covid-19 restrictions, have…
Reserve Bank of Australia Governor Philip Lowe said recently that such action would only put more pressure on the central bank and the economy. “There is an argument that the central bank should print money in the public interest at a time when the government is running a deficit and money is urgently needed to…
The PRA plans to revise its plans next week to consider postponing an earlier decision to recommend a dividend suspension or cut in response to the outbreak, involving Westpac, ANZ, NAB and others worth more than A $7 billion. The Australian authorities believe the capital markets are functioning in an orderly way and the stress…