UBS analysts Tom Bodor and Grant McCasker said that if the Australian government provides support in taxation and planning, the scale of BTR (long-term rental apartment) construction in Australia will increase significantly in the next three years, adding 10,000 long-term rental apartments every year. Two analysts said that five large developers, including Mirvac, are increasing…
The developer has proposed a plan for a retirement community that will cost 160 million Australian dollars. The proposed project is located in the historic Beechley Manor on the Mornington Peninsula. As part of the proposal, the developer will preserve and restore the existing heritage-protected buildings on the site. The developer also hired heritage expert…
In this Victorian city where auctions are the bulk of the market, the extension of the ban on house participation and on-site auctions will end on October 26. The state government has hinted that it may relax the house auction earlier, and both buyers and sellers will be ready to wait for Christmas Do your…
Daniel Andrews told reporters yesterday that the average number of COVID-19 cases in Melbourne has fallen in 14 days and restrictions will be relaxed on Sunday. He hinted that the blockade restrictions could be relaxed as early as Sunday because the average daily number of new additions reached the lowest in three months. Melbourne’s 14-day…
If you have ever bought a house, you will know that the sale of a house will not tell you the heating, cooling, and electricity costs for the house every day and every month. The Australian Sustainable Built Environment Council (ASBEC) 2016 called for the establishment of a unified national household sustainability rating system. It…
The green infrastructure of our city includes public, designed and demarcated areas, as well as informal and unplanned vegetation areas-informal green spaces. These spaces account for a large part of the urban green space. However, a recent study found that they are usually one of the most overlooked urban spaces, which may lead to negative…
The green infrastructure of our city includes public, designed and demarcated areas, as well as informal and unplanned vegetation areas-informal green spaces. These spaces account for a large part of the urban green space. However, a recent study found that they are usually one of the most overlooked urban spaces, which may lead to negative…
A developer and a well-known hotel developed 40 hectares of land in Moonee Valley Racecourse. The construction project supervised by Camillo Builders has now started, and the $2 billion urban renewal project has been approved by an undisclosed major bank’s $73 million debt financing. Private developer Hamton is well-known for specializing in high-end residential and…
ANZ has required borrowers who want to purchase luxury properties in Melbourne to pay at least a 30% down payment. At the same time, the bank is implementing a loan-to-value ratio (LVR) 80% cap requirement similar to Western Australia in some areas of Melbourne, which means that borrowers need to have at least 20% of…
In the year to June, Australia’s house prices rose by 6.1%, ranking 19th out of 56 countries. The index tracks housing price trends in more than 50 countries around the world and finds that Australia’s ranking has risen 37 places from a year ago (ranking 56th). Data show that in the 12 months ending June…