The Morrison government re-launched the Christmas Island Center in February on the grounds that there was a surge of asylum seekers related to changes in the Refugee Medical Transfer Act. The records listed on the federal government’s Austender procurement website show that CI Resources won the contract after the public tender. The contract for “portal…
This week, nearly 2,000 homes in Australia participated in the auction, which was basically the same as last week’s auction, indicating that the number of auctions has continued to be stable recently. The preliminary clearance rate for this week was 75.6%, which was slightly lower than the initial clearance rate of 77.3% last week. A…
Victorian Governor Andrews signed a new agreement with China, which is part of the controversial One Belt One Road plan. The framework agreement was signed today with the National Development and Reform Commission in Beijing. Victoria and China will cooperate with China on infrastructure, innovation, elderly care and trade, but these documents have no legal…
ANZ, one of Australia’s largest banks, predicts that house prices in Sydney and Melbourne will grow by more than 12% a year by the middle of next year. In addition, the RBA also predicts an opportunity to achieve economic recovery in 2020. ANZ economists believe that changes in market sentiment and bank interest rate cuts…
According to reports, Victorian Governor Daniel Andrews signed a new “Belt and Road” agreement with China in Beijing on the evening of October 23. The report pointed out that Victoria and the Chinese government and its global “One Belt, One Road” infrastructure project signed a new agreement, Victoria Governor Daniel Andrew called on other state…
Westpac (Westpac Bank) will allow real estate investors to apply for a mortgage at a lower deposit than previously required. The largest lender in Australia is looking for ways to boost the mortgage business. This is the bank’s latest move to the revived real estate investment market, which is increasing the maximum valuation ratio of…
According to reports, in order to alleviate Melbourne’s population growth pressure, Victoria needs to build a series of new cities to accommodate 400,000 people. These cities are about 100 to 250 kilometers from the CBD and will be built directly on green spaces rather than expanding outwards in centers such as Geelong, Ballarat and Bendigo.…
Last week, the 5% down payment plan has passed the parliamentary review, which means that the first home loan down payment plan has been finalized and will take effect on January 1 next year and will be funded by the National Housing Finance and Investment Corporation with a grant of A$500 million. According to the…
When Prime Minister Morrison visited Jakarta, the capital of Indonesia, he said that after meeting with Chinese Vice President Wang Qishan, he had a clear understanding of bilateral relations with China. The strategic partnership between Australia and China has been tested in recent months. In Jakarta, the capital of Indonesia, Prime Minister Morrison said that…
The continuous rate cuts led to a 25% surge in online property search, which helped offset the sharp drop in the number of Chinese homebuy enquiries caused by the US-China trade war and Australia’s growing architectural flaws. Nerida Conisbee, chief economist at real estate website realestate.com.au, and real estate market prospects discussed by real estate…