Australia’s new “5% First Time Home Loan Program” has been implemented for some time, and for now, the enthusiasm for applications remains unabated. It is understood that so far, there are still a large number of places to apply for. As of February 1, 25 non-primary lenders will join National Bank and Federal Bank to…
One of the world’s most important rating agencies says the coronavirus outbreak will affect the Australian economy but will not affect the federal government’s rating. S & P Global said on Thursday that they believe the outbreak will reduce Australia’s GDP growth by half a percentage point, but this does not mean it will directly…
Foreword In many countries, including New Zealand and Australia, foreign ownership of property is receiving increasing attention. From 2018, New Zealand will ban foreigners from owning residential properties to curb housing inflation and high vacancy rates. What happened in New Zealand The inflation rate for residential properties in New Zealand reached 10.46% last year. In…
前言 Chinese investors are often blamed for rising house prices in Australia, but many factors may mean that demand will fall in the coming years. A recently released report found that Chinese investment in residential real estate is slowing. As the rental yield gap between the two countries has narrowed and house prices have risen,…
Driven by ultra-low interest rates, the average loan for buying existing homes has reached 500,000 yuan, raising concerns that many people are carrying more debt. Australian Bureau of Statistics data shows that the average loan for existing homes in NSW in 2019 increased by 112,600 yuan (22.2%) to an all-time high of 621,500 yuan. In…
Australian universities are actively lobbying the government to exempt foreign students from entry bans. As cabinet ministers prepare to set up a special group to assess the economic impact of the extension of the entry ban, the Morrison government has rejected lobbying by the 38 billion university industry seeking an exemption of 100,000 international students…
Australian government officials are negotiating with Chinese authorities to relax its Internet firewall to allow international students to use Australian universities’ online and video education courses. With the international student market in Australia facing a potential loss of $ 8 billion, Minister of Education Dan Tehan and Trade Minister Birmingham convened an international education global…
The Australian University Federation asked the federal government to apologize for holding and interrogating Chinese students for hours when the travel ban was introduced. On Saturday night, about 70 Chinese students were blocked at Sydney Airport, partly denied entry due to a federal ban just hours ago. Chinese students have also been questioned in Melbourne…
The Australian real estate market is welcoming people from all over the world. After buying a property, you should choose to invest or do it yourself. Is a problem that has long plagued home buyers. In simple terms, the main purpose of self-occupied property is to live, while investing in real estate is to obtain…
Australian house prices continued to rise in January, with more than just Sydney and Melbourne. The capital cities of Southeast Australia continued to lead, with Melbourne up 1.2% and Sydney 1.1%, but other cities also rose, and the struggling Perth and Darwin markets also rose 0.1%. Overall, CoreLogic figures show that growth has slowed from…