After the Victorian government adjusted the stamp duty, more than 62,000 first-time homebuyers in the state will save 1.3 billion yuan. Victoria’s Treasury Secretary Tim Pallas announced data on the past two years on July 17, saying the data proves that the state introduced a series of measures in 2017 to help people faster. Enter…
Shayne Elliott, chief executive of ANZ (Australia and New Zealand Bank), believes that as the bank will continue to cut its branches, the number of unemployed and the number of employees moving to contact centers will increase. He said that their bank now has fewer than 600 branches, and the number of branches he took…
Housing Minister Michael Sukkar warned that Australian housing prices may rise very much. He urged first-time buyers to hurry to buy a home before the government implements the First Home Loan Deposit Scheme next year. At the time of his remarks, the government has completed the finishing of the first home buyer’s down payment loan…
Since May of this year, ANZ’s view of Australian real estate Sakurai has clearly turned optimistic. According to its estimation, house prices are expected to rise before the end of the year in view of the obvious changes in market sentiment. According to the quarterly housing report released by ANZ, prices across the country will…
Chinese buyers’ preference for Australian residential properties has increased for the first time in two consecutive quarters since 2016, and Melbourne remains the most popular Australian city for Chinese buyers to invest. Due to the upward adjustment of buyer tax and bank tightening, Chinese buyers have lost interest in Australian property, but according to the…
A week ago, Riverson updated the application fee details from 2019 to 2020. The details are as follows: Pre-purchase land with a value of less than 1 million Australian dollars, the application fee is 5700 Australian dollars, the value of the land is between 1 million and 2 million Australian dollars, the application fee is…
Since the Reserve Bank of Australia (RBA) has cut interest rates in the past eight years, Australia’s cash rate has plummeted from 4.75% to only 1%. However, during this time, the interest charged by the bank to customers who failed to pay their credit card loans in full was almost unchanged. An analysis of the…
In the second quarter of this year, the number of wealthy Chinese homebuyers who came to Australia for enquiries jumped by 30%. Among them, the number of people who asked about housing prices between 3 million and 7 million yuan was particularly strong. But the house with a price between 7 million and 14.5 million…
New Zealand Prime Minister Adeen visited Melbourne this week to deliver a speech on the good government. Ms. Aden will deliver a speech to the Melbourne City Council on Thursday night “Why is a good government so important?” She was invited by the Melbourne City Hall and the Australian and New Zealand School of Government.…
So much stimulus After putting a dampener on property for four years, regulators, Federal Government and the RBA are all re-applying stimulus to the property market. Here is the state of play so far: APRA have removed the speed limit on investor lending growth, the cap on interest-only loans and the 7.5% stress test on…