A major new development in Melbourne will create 34,000 jobs, and 15,000 new residents will move into the new suburbs of the inner city of northwest Melbourne. The state government announced a detailed plan for the transformation of industrial land, which will be completed in 2050. The new jurisdiction called Arden will cover 50 hectares…
As mortgage brokers and buyer agents reported that financial review has returned to post-royal commission levels, hopeful buyers are being forced to wait up to seven weeks to obtain loan approval. According to reports, in the face of rising unemployment and job uncertainty, home buyers are required to prove that their most recent annual leave…
From July 1, the federal government’s policies on business, agriculture, health, and energy will change, which will affect the taxation, overtime, and pensions of businesses and individuals. 01 Business Mainly includes tax reduction plans and tax incentives 02 Labor Relations Reduce the rate of extra overtime on holidays 03 Skills and Expertise TAFE bursary program…
ACB News “Australia Finance Online” June 26 News Australia’s second largest bank Westpac Bank announced that it will reduce its eSaver and Life product deposit interest rates by 5 basis points, the highest interest rate is only 1%. Westpac said its standard savings account, eSaver, had a deposit rate of 1% for the first 5…
The Victorian Government has paved the way for employment-creating construction projects worth more than A$1 billion to start and help start the economy. Finance Minister Tim Pallas announced today that the government’s “Working Group on Helping Victoria Recover Construction” has quickly tracked seven other projects, all of which have now been approved by the plan.…
Another luxury home in Victoria is listed for sale at $40 million. This mansion is located on Mornington Penisula’s Mornington Peninsula. This mansion covers an area of 63 hectares. And all the facilities in the mansion are available, there are 5 luxurious large bedrooms, 20 rooms, 200 parking spaces! In addition to these basic facilities,…
Reserve Bank Governor Philip Lowe said the record low interest rate will be maintained for several years. The Reserve Bank of Australia has lowered the benchmark interest rate to 0.25%, purchased more than A$50 billion of state government bonds, and expanded the A$90 billion line of credit to commercial banks to lend to small and…
The Mornington Peninsula region of Victoria and Western Australia have recently set their sights on infrastructure projects to revive the economy and create job opportunities that have been hit hard by the new coronary pneumonia epidemic. New Technology Zone, etc. Among them, the construction of a 111-km-long European pedestrian walkway project and a water cycle…
The Victorian Real Estate Commission outlined a seven-point plan focused on the Victorian real estate industry. The lobbying group’s seven-point plan included a proposal to promote the economy of housing construction, suggesting that the first-time homeowner subsidy for new housing should be tripled for a period of six months; postponement of stamp duty on new…
According to the latest real estate auction data released by the real estate research institute Domain, the initial clearance rate of the Melbourne housing auction last weekend was 62%, and the final clearance rate of the previous week was 49%. Shane Oliver, chief economist at Able Capital, predicts that the number of housing auction listings,…