Australia pledges donations for anti-epidemic

A coalition of world leaders convened a virtual summit, vowing to invest 7.4 billion euros in coronavirus testing and treatment and developing vaccines. Australia also participated in the meeting hosted by the European Union on Monday and said it would contribute 352 million Australian dollars. But the United States, which recorded more than 67,000 deaths…

Victoria has set up a new working group to maintain the operation of the construction industry

The Victorian State Government has established a dedicated task force to help maintain the operation of Victoria’s construction and development industry during the coronavirus crisis. The Victorian Government has set up a dedicated working group to help make the state’s construction and development industry function in the coronavirus crisis. Planning Minister Richard Wynne and Finance…

Home prices soar in February

Home prices have risen in every Australian capital city except Darwin, with nationwide home prices rising 1.1 per cent last month and five now at record highs. Prices in Melbourne rose 1.2 per cent last month to a record high, erasing an 11 per cent fall from their peak at the end of 2017. Despite…

Three major banks cut savings rates

Entering 2020, although the market is expecting the RBA to further cut interest rates, the latter has not yet taken action. Nevertheless, three of Australia’s four largest banks have quietly lowered savings account rates. According to data provided by the Australian interest rate comparison website Mozo, since 2020, the National Australia Bank (NAB) has reduced…

Terms you need to know before buying a house in Australia

Foreword off-the-plan / established-the-plan Off-plan / Existing Existing property, established property is generally easier to understand. Off-the-plan is the collective name of Australian real estate to its side and off-plan, that is, real estate projects with even drawings and plans, but not yet completed. Auction / Private Sales Auction / Private Sale Auction and Private…