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…
MOUNTJOY PARADE HERITAGE PRECINCT POLICY This policy applies to all land shown on the precinct map forming part of this schedule. Policy Basis The Mountjoy Parade Heritage Precinct, Lorne, represents a significant and predominantly intact 19th and 20th century cultural heritage landscape which also contains a number of significant individual heritage dwellings and other buildings.…
Local planning policy Rural land policy This policy applies to all land in agricultural areas and rural protected areas. Policy basis This policy applies the objectives of the Agricultural National Planning Policy Framework in Article 14.01 to local conditions. MSS objectives established in Articles 21.05-2 and 21.06 on agricultural and rural landscapes; Apply the findings…
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…
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…
fulfill These strategies will be implemented in the following ways: Use policy and exercise discretion Effective settlement planning guides urban development and adds development to areas with the lowest environmental risks and areas where new urban development has the least impact on environmental assets. Need to assess the risks of existing residents, property and community…
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…