The 38-story office building (216 meters high) on Collins St, Melbourne’s central business district, was recently completed at a cost of A$1.5 billion. The building is now owned by Dexus, a real estate giant listed on the ASX. Construction of the building began in the first half of 2017. A 43,000 square meter hotel with…
Stimulated by local and overseas news, the Australian dollar rose to its highest value against the US dollar in 15 months last night. The Australian dollar hit 71.47 US cents, its highest value since April last year. The exchange rate for the Australian dollar at 9:30 am was 71.28 US cents. After EU countries agreed…
The latest Australian Household Consumer Intention Index released by the Commonwealth Bank of Australia shows that in June, the Australian household purchasing intention index rose by 6%, close to the level of March this year, when Sydney and Melbourne house prices rose by 13% and 12% respectively. The Commonwealth Bank’s data also showed that the…
The federal government will consider tax and regulatory preferences to make Australia an international financial services center. Finance Minister Josh FRydenberg considered early the call of Liberal Senator Andrew Bragg and financial services leaders to promote the establishment of a regional financial center because he also hopes to promote the economic recovery that has been…
Lending institutions and consultants said that “parents’ banks” (buying homes funded by their parents) are making a comeback, due to new low lending rates, generous government incentives for first home buyers, and reduced competition from investors, which has increased parental assistance The pressure of children owning their own property. Digital Finance Analytics (DFA), which monitors…
The research firm SQM said that the vacancy rate dropped from 2.5% in May to 2.2% that month. As of the end of the financial year, the total number of vacant residential properties in Australia was 77,132. Louis Christopher, managing director of SQM, said the national vacancy rate at this time last year was slightly…
A local group bought an office building in Southbank, Melbourne for $14 million. The property is located at 71-73 Palmerston Crescent. The Palmerston Crescent building includes 40 underground parking lots and an area above the ground totaling 4,528 square meters. The building is close to Albert Park Lake, Royal Botanic Garden and busy St Kilda…
After soaring to record highs in the past two months, the vacancy rate of Australia’s CBD apartments declined in June, the first time since the outbreak of the new crown virus. Since March, due to the closure of the border, a large number of Airbnb properties have entered the market, and unemployed workers in the…
Australian Prime Minister Scott Morrison announced on Thursday that he will provide A$1.5 billion for two major employment programs, including subsidies for an additional 100,000 apprentices, and an agreement with the states, each of which will contribute A$500 million to reform vocational education. Department, launch the JobTrainer program. To help 340,000 high school graduates and…
According to data released by the Australian Bureau of Statistics (ABS), the Australian Business Confidence Index rebounded from 21 points to 1 point in June due to the relaxation of restrictive measures and economic activity, which was the third consecutive month of recovery. The business condition index rose 17 points to minus 7 points, rebounding…