Strong interest in a well-known Monash medical centre has proved a welcome injection in the commercial property market. Waverley Medical Centre at 242-244 Springvale Rd, Glen Waverley sold for an undisclosed sum believed to be substantially more than the advertised price range of $5-$5.5 million. The facility is across the road from The Glen shopping…
ANZ reported that the number of newspapers and online job advertisements rebounded sharply in June, but the potential labor market weakness seems to continue. According to data released by ANZ on Monday, the number of Australian job advertisements increased by 4.6% in June, reversing the damage caused by the April Easter holiday and the May…
According to reports, after the media reported extensively on the deeming rate of retirement pensions, the government faced pressure from the majority of retirees to lower the deeming rate. Finance Minister Josh Frydenberg also promoted and celebrated the passage of the tax cuts, saying that taxpayers can now apply for a refund of $1080 to…
Driven by more lenient lending, buyers with increased confidence are chasing fewer listed properties, and the housing market is gaining momentum. Due to the small number of properties on the market, buyers’ demand has driven up the clearance rate. CoreLogic’s data shows that the preliminary statistics turnover rate was 78.2% in 552 auctions in Sydney…
Dr. Shane Oliver, chief economist at AMP Capital, said the Reserve Bank of Australia decided to cut official interest rates sharply as it saw the Australian economy was very weak. This may cause the coalition government to have to consider the second part of the tax reduction plan in advance. Last week, the two houses…
The data at the Reserve Bank of Australia reminds us that Australia’s relationship with China is very important. Statistics released yesterday by the Bureau of Statistics show that the bilateral trade volume between Australia and China has reached a record level of more than A$208 billion. Australia’s annual exports to China rose from A$126.7 billion…
The Morrison government’s iconic $158 billion income tax relief program was passed in Congress. On Thursday night, the three-stage program was approved by the Senate after being supported by a neutral member. From July 2024, people with an annual income between 45,000 yuan and 200,000 yuan will enjoy a 30% tax rate. On Thursday night,…
News from Platform 7: Prime Minister Morrison will hold a joint meeting with governors next month Prime Minister Morrison announced that next month he will hold a joint meeting of the Prime Minister and the governors of the various states in Cairns. This is also the first joint meeting of Prime Minister Morrison and their…
The Centre Alliance confirmed that it would support the coalition party’s 158 billion income tax relief full plan. The Centre Alliance said in a statement that the party and the government reached an agreement on natural gas supply reform, including changes to the domestic security system. Prior to this news, Tasman Senator Jacqui Lambie also…
The Victorian government passed a new regulation that (the new regulation) removes the developer’s ability to use the “Sunset Clause” to deliberately extend the duration and crush buyers. Under the Land Sale Act Amendment Act (Act) of 2019, developers can only exercise the “sunset clause” with the written consent of the buyer or (acquired) the…