According to a recent report by RealEsate, housing prices in multiple jurisdictions on the Mornington Peninsula have soared over the past 20 years. Among them, Tyabb ranked first in the 20-year increase list. The median house price in the area soared by 682%, from A$121,500 to A$950,000. Somers has ranked second with a 577% increase,…
The percentage of suppliers willing to conduct online auctions is higher than during the first round of restrictions in April. Domain’s senior research analyst Nicola Powell said that 272 auctions are planned in Melbourne this Saturday, although fewer than last week, sellers will be more prepared for online auctions in the coming weeks. Last week,…
After spending the first night of the curfew in Victoria, the government is considering extending JobKeeper wage subsidies and introducing paid pandemic sick leave. Mr. Frydenberg said that the current form of JobKeeper will last until the end of September, which is later than the duration of the lockdown plan. He told the ABC on…
In many countries, including New Zealand and Australia, foreigners’ ownership of property is receiving increasing attention. A recently released report found that Chinese investment in residential real estate is slowing down. As the gap in rental yields between the two countries has narrowed and house prices have risen, the attractiveness of Australian residential real estate…