The Governor of the Bank of Australia, Phillip Lowe, said in a recent press conference that if the request is rejected, the homeowner can ask the bank to provide a lower mortgage loan agreement and can also switch to another bank. Affected by the central bank’s rate cut, the net interest margin of the four…
SQM said that the rebound in the number of listings laid the foundation for the late spring sales season, which may last until December and stimulate the real estate market early next year. SQM General Manager Louis Christopher said, “It seems that we are returning to the usual spring sales season. In October, all the…
In order to help Australia recover from the economic contraction caused by the epidemic, the Bank of Australia (RBA) announced on the 3rd that it will lower the official cash rate to a record low of 0.1% and announced a series of other measures. ABC News reported that the Reserve Bank of Australia announced on…
The ANZ Bank (ANZ) will implement the most ambitious net-zero emission initiative among the four major banks, and will use climate change as a condition for loans to increase pressure on farmers, construction companies and a series of companies to require them to formulate low-carbon emissions by next year Transition plan. The release of the…
According to a survey conducted by the National Australia Bank (NAB), the Australian Business Conditions Index (mainly measuring sales, profits and employment) rose by 22 points to -4 points in the third quarter of this year, with the employment status index being the lowest at -14 points. The survey also showed that the business confidence…
Since Covid-19 struck, Australian house prices have been rising, entering a neutral or positive zone for the first time. According to Domain’s latest quarterly report, first-time homebuyers are driving demand for homes that are being introduced to the market due to low interest rates, tax cuts, and preferences for changes in life after lock-in. In…
Although housing prices in the largest housing market have been suppressed, housing prices in many urban areas in Australia have risen strongly, and some have soared to historical highs, demonstrating their strong resilience in the face of the epidemic. According to the Australian Financial Review report, CoreLogic’s analysis data shows that Dubbo, a small town…
The deputy governor of the Reserve Bank of Australia, Guy Debelle, said the 12-week lockdown in Victoria will not hinder Australia’s recovery from the first economic recession in more than 30 years. He said: “At present, the best guess is that it looks like Australia’s economic growth in the second quarter was positive, rather than…
Stephen Halmarick, chief economist at the Commonwealth Bank of Australia (CBA), predicts that the Reserve Bank of Australia will announce a more accommodative monetary policy at its board meeting next Tuesday, setting the cash rate, three-year bond target yield and long-term financing facility (TFF) targets The interest rate was reduced from 0.25% to 0.1%. Previously,…
According to the Domain Rent Report, the median weekly asking rents for detached houses and units in Melbourne were A$440 and A$400, respectively, up 2.3% and 4.8% year-on-year. In the Glenelg area on the border of South Australia, the asking rent for a single house was $350 in the September quarter, an increase of 16.7%…
