As the auction market is warming up earlier than in previous years, the rate of housing change is even faster than the end of 2020. According to data from CoreLogic, the initial clearance rate across Australia rose to 81%, and as many as 891 houses were sold. There are 388 units ready for auction in…
Households and small businesses have now repaid more than 80% of the nearly 250 billion Australian dollars in loans delayed in repayment during the worst of the new crown epidemic. New data shows that the national economic recovery is on track. According to data released by the Australian Prudential Regulation Authority (APRA) on Friday, the…
Melbourne’s real estate prices have soared, not only surpassing pre-pandemic levels, but also setting new records for house and unit prices. The median house price is currently A$936,073, and has risen by 5.3% in the last three months of 2020, setting a record high of A$907,600 since the March quarter when the epidemic broke out.…
The Director of Planning, Richard Wynne, announced that the use of combustible laminates has been banned since the beginning of the week. Now builders who fail to meet the requirements will face a fine of up to 400,000. This prohibition is aimed at the use of flammable aluminum composite panels, and apartment buildings and other…
As part of the overhaul of the 2-hectare CBD area in the suburb, at least 500 new apartments are leading to downtown Dandenong. At the end of last year, a developer announced an investment of 600 million Australian dollars, which is expected to add 1.5 billion Australian dollars to the region as the latest commercial…
Two brothers grazing cattle in Melbourne will earn A$80 million after selling their Nar Nar Goon farm. This is the largest piece of land acquired by state developer Lendlease in a multi-farm acquisition as part of the recently approved Pakenham East regional structure plan, which will convert the combined property rights to Averley real estate.…
The landmark residence reborn from the ruins of the restaurant fire finally found a buyer after it was first listed in 2019. The four-bedroom house at 71 Victoria Street, Bakery Hill (Ballarat) was carefully restored by a local builder and supplier. Experts said: “A couple bought this mansion after falling in love with the character…
The real estate market in the coastal areas of Victoria is showing signs of enthusiasm. Buyers seem to be looking for houses close to the sea as they struggle to cope with the aftershocks of the coronavirus. After the severe blockade in Melbourne last year, there was a wave of panic buying, but now entering…
Benefiting from the increase in housing prices and yields in suburban and rural areas, investors are expected to return to the market this year. “The upward momentum in prices is attracting investors to return to the market, especially in small cities. In Sydney and Melbourne, investors are moving to town centres, detached houses and outer…
According to NCA NewsWire, Australian mortgage interest rates have hit a record low. UBank, an online bank under the National Bank (NAB), provides owner-occupiers with a three-year fixed interest rate as low as 1.75% of principal and interest. This is currently the lowest interest rate on the Australian mortgage market. However, this preferential interest rate…