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…
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…
The latest data released by the Australian Bureau of Statistics show that, driven by the strong growth of homeowners, investors and first-time home buyers, all housing-related loans surged by 12.6% in August. The relevant CBA department said that record low interest rates have driven loan growth, and low interest rates have in turn supported housing…
Professor Nancy Baxter, an epidemiologist and head of the Department of Population and Global Health at the University of Melbourne, said that the state is unlikely to reach the “three-stage” unblocking goal. Now that the number of confirmed cases is small, the numbers will continue to fluctuate. Baxter said that the authorities should allow more…
According to reports, the new crown epidemic may prevent overseas tourists from coming to Australia, but it has not extinguished the enthusiasm of overseas buyers for Australian real estate. And overseas buyers seem to be particularly interested in properties on the Lower North Shore, and they are not limited to luxury homes above A$10 million.…
In the A$17.8 billion tax cut plan, 11.5 million employees will receive tax cuts within a few weeks. The plan will take advantage of individual tax cuts, corporate investment incentives, and new subsidies for companies that hire unemployed people. Promote the economy out of recession. If the Senate approves the Morrison administration’s plan to retroactively…