Lending institutions and consultants said that “parents’ banks” (buying homes funded by their parents) are making a comeback, due to new low lending rates, generous government incentives for first home buyers, and reduced competition from investors, which has increased parental assistance The pressure of children owning their own property. Digital Finance Analytics (DFA), which monitors…
The research firm SQM said that the vacancy rate dropped from 2.5% in May to 2.2% that month. As of the end of the financial year, the total number of vacant residential properties in Australia was 77,132. Louis Christopher, managing director of SQM, said the national vacancy rate at this time last year was slightly…
Foreword As the city rebuilds its economy after Covid-19, people are increasingly demanding plans and measures to address growing income inequality and population density without overcrowding. So when we prepare for the post-pandemic world, how does this affect urban planning and how do we interact with cities? In the past few months, living under Covid-19…
A local group bought an office building in Southbank, Melbourne for $14 million. The property is located at 71-73 Palmerston Crescent. The Palmerston Crescent building includes 40 underground parking lots and an area above the ground totaling 4,528 square meters. The building is close to Albert Park Lake, Royal Botanic Garden and busy St Kilda…
After soaring to record highs in the past two months, the vacancy rate of Australia’s CBD apartments declined in June, the first time since the outbreak of the new crown virus. Since March, due to the closure of the border, a large number of Airbnb properties have entered the market, and unemployed workers in the…
Australian Prime Minister Scott Morrison announced on Thursday that he will provide A$1.5 billion for two major employment programs, including subsidies for an additional 100,000 apprentices, and an agreement with the states, each of which will contribute A$500 million to reform vocational education. Department, launch the JobTrainer program. To help 340,000 high school graduates and…
Foreword The authorities imposed heavy restrictions on the scale, purpose and location of gatherings in public places to slow down the spread of COVID-19. Over the past two months, these escalating restrictions have had a huge impact, showing us how important public space is to the lives of our cities. In the long run, taking…
According to data released by the Australian Bureau of Statistics (ABS), the Australian Business Confidence Index rebounded from 21 points to 1 point in June due to the relaxation of restrictive measures and economic activity, which was the third consecutive month of recovery. The business condition index rose 17 points to minus 7 points, rebounding…
Australian home buyers have recently paid attention to the Victorian housing market, and wealthy downtown is their best target. According to the latest realestate.com.au website research, the offshore inquiry activity of Victorian houses increased by 22% compared with the previous year. Australians living overseas have realized during the epidemic of the new coronavirus pneumonia “how…
Following the Federal Government’s announcement of a 688 million yuan home builder subsidy program (HomeBuilder), builders are experiencing substantial sales growth. This subsidy program gives cash subsidies of 25,000 yuan to buyers of self-occupied or hand-built suites who are eligible to prepare for the construction of new or renovated homes. In response, Tim Reardon, chief…