According to a recent report by RealEsate, housing prices in multiple jurisdictions on the Mornington Peninsula have soared over the past 20 years. Among them, Tyabb ranked first in the 20-year increase list. The median house price in the area soared by 682%, from A$121,500 to A$950,000. Somers has ranked second with a 577% increase,…
The percentage of suppliers willing to conduct online auctions is higher than during the first round of restrictions in April. Domain’s senior research analyst Nicola Powell said that 272 auctions are planned in Melbourne this Saturday, although fewer than last week, sellers will be more prepared for online auctions in the coming weeks. Last week,…
After spending the first night of the curfew in Victoria, the government is considering extending JobKeeper wage subsidies and introducing paid pandemic sick leave. Mr. Frydenberg said that the current form of JobKeeper will last until the end of September, which is later than the duration of the lockdown plan. He told the ABC on…
It’s the project some said may never be get off the ground. But work on the $50 billion Suburban Rail Loop is ramping up and about to hit a major milestone. https://www.heraldsun.com.au/subscribe/news/1/?sourceCode=HSWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.heraldsun.com.au%2Fnews%2Fvictoria%2Fsuburban-rail-loop-drilling-almost-completed-on-stage-1-between-cheltenham-and-box-hill%2Fnews-story%2Fa5f75237ea5b84b1ce711058d16f82ac&memtype=anonymous&mode=premium
Top economists have warned of the urgent need to prevent crippling deflation after the biggest plunge in prices since the Great Depression. https://www.dailytelegraph.com.au/subscribe/news/1/?sourceCode=DTWEB_WRE170_a&dest=https%3A%2F%2Fwww.dailytelegraph.com.au%2Fnews%2Fnsw%2Feconomists-warn-of-need-to-stop-deflation-as-prices-fall%2Fnews-story%2Fec4ee9e2514d504c35b46ade8cb4cadd&memtype=anonymous&mode=premium
Schiavello Group has completed the $1 billion mixed-use M-City Monash project in Clayton’s former warehousing district. It is one of the largest masterplanned community, single stage developments undertaken in Victoria and includes three residential towers, residential terraces, a hotel, office tower and retail. The 30,000sq m site with a built area of more than 18-hectares is located…
On the last weekend of July, online auctions in Melbourne broke sales records in the two suburbs, which had a positive impact on the real estate market. Both Macleod and Mulgrave set the record for the most expensive real estate auction transactions ever. After a major renovation of 19 Dwyer Street, a real estate couple…
The Australian dollar, which has been weakening since 2018, has experienced a heavy depreciation in early March and a rebound in the second half of the same month. It has so far risen by more than 24%, which is a new high in the past 15 months and has returned to an appreciation trend. In…
Mr. Morrison said he plans to go to Washington to participate in the upcoming G7 summit. He told reporters on Monday: “I am going to visit Washington if the G7 meeting is going on.” “This is an important opportunity for Australia. It is abnormal if we do not try to participate in these meetings. Our…
The latest “Domain Housing Price Report” shows that housing prices in mining towns and rural areas have seen strong growth. In the three months ending in June, the median house price (including detached houses and units) in Australia’s rural areas increased by 0.1%, reaching a median price of A$417,608. In contrast, the median house price…