In response to the economic impact of Melbourne’s renewed blockade, the Morrison government is expected to announce a new income support plan to help Australians survive the new crown epidemic. Finance Minister Josh FRydenberg said on Wednesday that the government will have “another stage of income support plan, which will be announced later next month.”…
An important committee report stated that the University of Melbourne may build its own new campus in Fisherman Band. Melbourne City’s Strategic Director stated that planning the campus will include consideration of public domain and heritage area retention, architectural form, building capacity and surrounding convenience. This is also a response to the amendment to the…
The Bank of Australia has provided a lifeline to borrowers who have been hit by the pandemic. Mortgage holders currently suspended on repayment can extend the suspension period for up to four months if necessary. In order to avoid some kind of public concern about the imminent financial “cliff”, the banking industry has launched a…
After Treasury Secretary Josh Frydenberg admitted that reblocking most Victorians could cost the economy billions of dollars, the federal government was considering moving ahead with plans to reduce personal income tax. “Tax reduction legislation is divided into three stages. We are considering this issue and the timing of tax reduction, because we want to boost…
According to REA, over 100,000 first-time home buyers in Victoria have benefited from the government’s first-time home purchase policy in the past three years, saving $1.76 billion in stamp duty. Among them, the favorite municipalities for first-time buyers are Casey, Wyndham and Hume. The total stamp duty for first-time home buyers in these areas is…
Deloitte (Deloitte Access Economics)’s latest forecast expects official interest rates to remain at a record low of 0.25%. Mortgage holders do not have to worry about rising mortgage costs for many years to come. But after that, the agency expects the economy to grow by 5.3% in 2021-22 and another 4% in the second year.…
The third piece of land in the West Melbourne Development Zone changed hands at a total price of A$60 million. Previously, one of the properties on the land (383 Spencer Street) was acquired for $7 million, the second property was located at 102-108 Jeffcott Street, and the two-storey vacant warehouse was sold to a Melbourne…
In Melbourne, more than a dozen postal districts have implemented stricter social isolation regulations. Last week, 373 auctions were held and 235 results were received. The initial clearance rate was 62.2%. Shane Oliver, chief economist at AMP Capital, said that after all the results came out, the liquidation rate was still as expected. The results…
Recently, due to the impact of the epidemic. The Governor mentioned that Flemington and Kensington with postcode 3031 and the North Melbourne area with postcode 3051 have recently returned to Stage 3 blockade. At present, 12 families in 9 apartment buildings in the area have been infected, with more than 23 people infected. Governor Andrews…
Recently, Australia’s largest business lobby group is urging the federal government and corporate leaders to hire more Asian Australians to serve in senior management and board positions. In a report issued by the Australian Business Council and the Asia Task Force of the Asian Association, a proposal was made that hopes that governments and businesses…