The Reserve Bank of Australia has actually given the green light for real estate investment. One day after the Bank of Australia Governor Philip Lowe delivered a speech, the market share competition of mortgage agencies has led to a sharp rise in housing prices. Dr. Lowe said that record low interest rates will continue for…
In October, consumer confidence in the Australian real estate market soared. A consumer survey by Westpac Bank shows that with the support of the federal budget, people are confident in the real estate market. This survey shows that although the new crown epidemic has triggered a recession in Australia, housing price expectations and the index…
According to the latest data from the Australian Bureau of Statistics (ABS), the completion of private residential buildings fell by 4.7% in June, and the completion of non-private residential buildings fell by 5.1%. The number of non-residential construction completions rose 2.8% in March The fastest growing areas for new homes are mainly located in the…
The Victorian government recently announced the second-step unblocking rule, which applies to the entire Melbourne area From today: No time limit for leaving home. The “four reasons” for leaving home still exist. Without exception, the limit of 5 kilometers from home is extended to 25 kilometers. You must wear a suitable mask when you go…
Federal Minister Karen Andrews said after the Construction Ministers Forum in July 2019: “What we need to do is rebuild confidence in the Australian construction industry.” Since the Federal, State and Territory Ministers commissioned Peter Shergold and Bronwyn Weir in mid-2017 to assess the effectiveness of Australian construction industry regulation, this has been a recurring…
Preface The long-term impact of the coronavirus on our cities is difficult to predict, but one thing is certain: the city will not be depressed for too long. History shows that disease has a tremendous influence in shaping our cities. Regardless of the crisis, cities represent continuity – they can withstand, adapt and grow. Once…
Technology giant Microsoft is the latest multinational conglomerate, and it will embrace working from home forever, which aroused the interest of business owners in major structural changes in the office environment. With the negative net absorption of the office market approaching -200,000 square meters in the third quarter, a recent analysis of multi-residential projects shows…
ACMI (Australia’s national museum of screen culture) revealed the digital plan as part of its $40 million redevelopment plan in Melbourne’s Federation Square (Federation Square). After closing the construction project in May last year, the Australian Mobile Imaging Centre will reopen in 2021. Although ACMI’s physical site continues to be built, ACMI Director and CEO…
Scott Morrison recently promised that if the stimulus package does not create enough jobs, he will increase business incentives. Federal Treasury Secretary Josh Fredenberg hinted that as more people will be unemployed for a longer period of time, unemployment benefits will increase in the long term. In this regard, Jennifer Westacott, CEO of the Business…
At a time when interest rates are still at historically low levels, more and more Australians are seeking to buy properties, leading to a surge in new housing loan contracts. Monthly statistics from the Australian Bureau of Statistics show that in August, the total amount of new housing loans, including investors, soared by 12.6%, with…