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…
Many city council fire regulations set deadlines for the removal of non-compliant exterior wall materials. Therefore, many owners’ corporations will levy special fees to cover the expenses of the related projects, or use financing to pay for the fees. So far, although the Victorian government has pledged to invest 600 million yuan to replace the…
The Royal Australian Mint calls it “donation Australian dollars”-a coin specially made that people hope people can donate. The Mint began producing 25 million donation coins-roughly one for every Australian-hoping to boost charity. The design of this special coin has a green center with golden ripples, symbolizing the continuous positive impact of each donation. This…
The Morrison government is actively considering the advancement of A$158 billion in personal income tax relief in the next month’s budget to push the economy out of the deepest recession since the Great Depression. Official data from the Australian Bureau of Statistics (ABS) on Wednesday showed that the economy contracted 7% in the second quarter…
Bank promotion The maximum cash back of ANZ for first time home purchase is 1,000 Australian dollars, as of 12.31, ANZ on-lending cash back is 1,200 Australian dollars (loan amount of 150,000-250,000) / 3,000 Australian dollars (loan amount of more than 250,000), as of 2021.1.22 ANZ Borrowers usually get the mortgage floating interest rate. The…
The Labour Party waved through Senate legislation that extended JobKeeper for six months after trying to force the government to protect employees who could not get JobKeeper’s wages of A$600 a week. JobKeeper 2.0 was passed in the Senate on Tuesday after the government was forced to make last-minute technical changes. Version 2.0 will start…
The Victorian Parliament was brightly lit, and members of the Parliament had a marathon debate on the government’s proposed extension of the state of emergency law. After the debate, a vote was taken immediately, with 20 votes in favor and 19 votes against. The Victorian Parliament has passed a bill to extend the state of…
The Victorian government will spend A$31.7 million to lease private rental properties for people currently living in high-rise public housing. According to the tower relocation plan, up to 420 private rental properties will be leased for a period of two years, which will increase the supply of residents on the Victorian housing register. Housing Minister…
The Australian dollar continued to strengthen on the basis of its strong performance last Friday, reaching 73.66 US cents this morning. Against the background of the overall weakness of the U.S. dollar and the rise in commodity prices, the Australian dollar rushed to its highest level since December 2018. The RBA Board of Directors will…