On Thursday, the ASX200 index rose 19.4 points to close at 6094.5 points, an increase of 0.32%. The common stock index rose 21.3 points to 6213.9 points to close, an increase of 0.34%. Today, the exchange volume of ASX stocks reached 6 billion shares, with a turnover of 6.3 billion Australian dollars. 716 stocks rose,…
The ban on the country may be lifted in January next year, and international students may return to Australia before it is lifted. Yesterday, Finance Minister Josh Frydenberg revealed the issue of border opening. He said that no decision has been made to open the border, but it is predicted that the travel ban will…
With the easing of pandemic restrictions, interest surged in June, returning to levels last seen in March, when prices rose 13 per cent in Sydney and 12 per cent in Melbourne. The Bundesbank’s latest index of households’ willingness to spend shows that home-buying intentions, which collapsed in the early days of the covid-19 restrictions, have…
Reserve Bank of Australia Governor Philip Lowe said recently that such action would only put more pressure on the central bank and the economy. “There is an argument that the central bank should print money in the public interest at a time when the government is running a deficit and money is urgently needed to…
The PRA plans to revise its plans next week to consider postponing an earlier decision to recommend a dividend suspension or cut in response to the outbreak, involving Westpac, ANZ, NAB and others worth more than A $7 billion. The Australian authorities believe the capital markets are functioning in an orderly way and the stress…
The 38-story office building (216 meters high) on Collins St, Melbourne’s central business district, was recently completed at a cost of A$1.5 billion. The building is now owned by Dexus, a real estate giant listed on the ASX. Construction of the building began in the first half of 2017. A 43,000 square meter hotel with…
Stimulated by local and overseas news, the Australian dollar rose to its highest value against the US dollar in 15 months last night. The Australian dollar hit 71.47 US cents, its highest value since April last year. The exchange rate for the Australian dollar at 9:30 am was 71.28 US cents. After EU countries agreed…
The latest Australian Household Consumer Intention Index released by the Commonwealth Bank of Australia shows that in June, the Australian household purchasing intention index rose by 6%, close to the level of March this year, when Sydney and Melbourne house prices rose by 13% and 12% respectively. The Commonwealth Bank’s data also showed that the…
Lending institutions and consultants said that “parents’ banks” (buying homes funded by their parents) are making a comeback, due to new low lending rates, generous government incentives for first home buyers, and reduced competition from investors, which has increased parental assistance The pressure of children owning their own property. Digital Finance Analytics (DFA), which monitors…
The research firm SQM said that the vacancy rate dropped from 2.5% in May to 2.2% that month. As of the end of the financial year, the total number of vacant residential properties in Australia was 77,132. Louis Christopher, managing director of SQM, said the national vacancy rate at this time last year was slightly…