In the near future, applying for a mortgage may simply require your name, email and property address, and agree to “share” your personal banking data. For consumers, this is good news, but for large banks, it is a potential profit problem. This is not an air tower. James Cameron, a partner at venture capital firm…
The latest research from m3property, an Australian real estate valuation consultancy, shows that Melbourne’s office market will rise further in 2020, benefiting from downward pressure on vacancy rates and rising pressure on rents. According to director of m3property (AndrewDuguid, the continued influx of overseas investors will be a key factor driving further reductions in commercial…
According to the Herald Sun, Treasurer Paras has submitted a 2019 Victoria budget, will implement projects in Victoria’s rail network and local roads, and invest in early education. This spending mentions many of last year’s campaign promises, including the Northeast Link project, the upgrade of the Sunbury line, the new Footscray Hospital and 1,600 new…
With interest rate cuts and supply shortages pushing up prices, Melbourne’s housing market has driven the biggest monthly rise in house prices in 16 years. CoreLogic’s monthly house price index shows that house prices in the nation’s capital cities increased by 1.7% in November, the largest monthly increase since 2003. Melbourne is not far behind,…
The Australian intelligence agency will lead a new task force to strengthen its response to the threat of foreign intervention. The federal government plans to spend 88 million yuan to form a new anti-foreign intervention task force. The task force will expand the resources of the National Anti-Foreign Intervention Coordinator, currently under the Ministry of…
A series of local economic data is coming this week, and the Australian stock market is expected to rise on Monday. The Reserve Bank of China met on Tuesday, and the market expects interest rates to remain unchanged. A series of economic data will be released this week, including GDP data. “The National Bank (NAB)…
Morrison announced that the anti-religious discrimination bill originally scheduled to be introduced to the federal parliament this year will not be submitted as scheduled. The draft has been widely criticized by religious groups for lobbying for peace and has been called “no friends” by opposition parties. The Morrison government struggled this week, with its bill…
According to the Times, data show that land sales in Melbourne’s suburbs are catching up with those in the inner city, and the weakness in the land market over the past three years has been wiped out. According to the RPM Real Estate Group’s residential market review report, the number of new home land parcels…
Whether Australia needs to run a money printing machine to boost the economy, according to RBA Governor Philip Lowe, it will not do so in the short term. Dr Lowe said Australia had not fallen to the point where money printing was needed to stimulate the economy. He discussed so-called quantitative easing at a business…
Beginning next year, the Victoria and New South Wales governments are considering charging roadside fees for electric vehicles as a starting point for tax reforms for car users. Victoria is likely to be a pioneer, and sources confirm that in order to prepare for the state budget for May next year, government and industry executives…