The Governor of Victoria (Daniel Andrews) announced that the Victorian government will release its roadmap for reopening on Sunday, September 6, to provide certainty and clarity to communities and businesses. The Andrews government will elaborate on the reopening plan on Sunday and build on key principles to ensure that once restrictions are relaxed, the number…
According to data from the real estate website, since 2000, the housing affordability of Victorians has soared to the best level. The Housing Industry Association Affordability Report was released this week. The report combines the impact of the new crown virus pandemic on housing prices and Victoria’s 2018-2019 market adjustments to calculate this year’s housing…
The current Reserve Bank of Australia cash interest rate is 0.25%. Taking into account the 2% inflation factor, the real interest rate has been zero or negative. According to the Reserve Bank’s analysis, a one percentage point cut in interest rates will push up house prices by 30%. It is estimated that the two interest…
Several real estate agents in Victoria said that during the epidemic, Melburnians became more and more interested in buying property in the countryside. Real estate analysis company CoreLogic recently commissioned a report on rural immigration during the new crown. The report found that during the epidemic, housing prices in township centers across Australia were more…
A draft extending Jobkeeper and JobSeeker to March will be submitted to Parliament on Wednesday and will be passed with the support of the Labour Party. Morrison told reporters in Canberra: “I expect that we will continue to provide this one-time largest income aid that Australians have ever received.” The Labour Party supports this regulation,…
The Victorian government lists high-risk locations for the new crown. The Victorian Department of Health has published a list of high-risk locations for new crown infections. People who have been to these locations may have been exposed to the new coronavirus. These locations and time periods are as follows: The Victorian Department of Health said…
A Canadian real estate company acquired a landfill north of Melbourne and plans to spend 230 million Australian dollars to build an industrial center. The property will now be rebuilt into a high-quality 120,000 square meter logistics park and business center, and construction is expected to start in early 2021. The factory’s goal is to…
A developer has announced the construction of a 48-story Paragon tower on the corner of Queen St and Latrobe St, which also includes two penthouses and a three-story Australia’s first indoor urban forest built by the famous landscape designer Paul Bangay. In 2016, the company acquired the historic Celtic Club hotel for 25.6 million. Designed…
Prime Minister Morrison will announce an economic stimulus plan that includes upgrading military bases, building a new ship for humanitarian missions in the Pacific, recruiting 500 reservists, and increasing the number of days to deploy reservists in military activities. The Australian government will also upgrade the Field Conqueror’s mobile infantry vehicle manufactured by Bendigo, which…
After the Australian Action Group submitted its revised plan to the Council, the long-term development plan for the vacant waterfront area of Port Melbourne has taken a step forward. Recently, the third set of plans has been drawn up at 1-7 Water Waterfront Place, including two mixed-use buildings with a total of 126 residences. The…