The Australian dollar has recently returned to 77.41 US cents and then rebounded again. It was as low as 77.01 US cents in early trading today and then rebounded to 77.82 US cents before consolidating at a high level. In terms of sectors, the financial sector declined for most of the first 3 hours, but…
The closure of state borders within Australia will continue for at least six months to control COVID-19, after which vaccines are distributed across the country to provide sufficient herd immunity and weaken public health response measures. In spite of the continuing frustration and uncertainty it has brought to businesses and travelers, the federal government has…
There is no doubt that Australia’s construction industry is facing difficult times. COVID-19 has caused slow migration. This will reduce the number of houses built in total. This means fewer jobs in the construction industry, which employs nearly one in ten Australians. The Morrison government is announcing a stimulus package for the construction industry. But…
The federal government has repeatedly stated in its 2017 budget that it tends to use “scalpel” rather than “chain saw” or “sledgehammer” methods in the housing market. The number of housing measures in the budget is wider than the most recent previous budget. The policy levers of both supply and demand have been incorporated into…
According to a new survey, two-thirds of Australians believe that now is a good time to buy a house, the highest level since mid-2019. The investigation found that many people quickly got rid of the gloom of the real estate market and were more confident in buying real estate than before the epidemic. This monthly…
On January 13th, Australian Finance Minister Josh Frydenberg said that about 1.3 million Australians lost their jobs during the epidemic. In order to promote economic recovery, the Morrison government introduced a tax cut of 7 billion Australian dollars in the second half of 2020. Since July, the average tax cut for each person has exceeded…
The proportion of Australians who expect house prices to rise in their area has almost quadrupled in just three months. In a September survey by financial comparison website Finder, only 5% of people expected house prices in their locations to rise sharply. However, this survey of 1,004 Australians found that by December last year, this…
Australian expatriates who are eager to return home are spending millions of Australian dollars to buy Australian luxury homes. They may ask their family members for help or resort to virtual inspections. In the past, during the Christmas period, when wealthy professionals stationed overseas returned to visit relatives in China, those who planned to return…
According to the latest house price index released by CoreLogic of the Australian Housing Authority: The growth rate of overall house prices in Australian cities in 2020 is more than three times that of capital cities! The data shows that strong transactions have brought continuous growth. The overall increase in house prices across Australia was…
Victorian Government Services Minister Danny Pearson announced on the 11th that the Victorian government has spent a total of 350,000 yuan to protect the rich history of Victoria’s “local history grant” is now open for applications, local historians and community organizations can Apply for 15,000 yuan of funds for each project. The Victorian government’s official…