A local group bought an office building in Southbank, Melbourne for $14 million. The property is located at 71-73 Palmerston Crescent. The Palmerston Crescent building includes 40 underground parking lots and an area above the ground totaling 4,528 square meters. The building is close to Albert Park Lake, Royal Botanic Garden and busy St Kilda…
After soaring to record highs in the past two months, the vacancy rate of Australia’s CBD apartments declined in June, the first time since the outbreak of the new crown virus. Since March, due to the closure of the border, a large number of Airbnb properties have entered the market, and unemployed workers in the…
Australian Prime Minister Scott Morrison announced on Thursday that he will provide A$1.5 billion for two major employment programs, including subsidies for an additional 100,000 apprentices, and an agreement with the states, each of which will contribute A$500 million to reform vocational education. Department, launch the JobTrainer program. To help 340,000 high school graduates and…
According to data released by the Australian Bureau of Statistics (ABS), the Australian Business Confidence Index rebounded from 21 points to 1 point in June due to the relaxation of restrictive measures and economic activity, which was the third consecutive month of recovery. The business condition index rose 17 points to minus 7 points, rebounding…
Australian home buyers have recently paid attention to the Victorian housing market, and wealthy downtown is their best target. According to the latest realestate.com.au website research, the offshore inquiry activity of Victorian houses increased by 22% compared with the previous year. Australians living overseas have realized during the epidemic of the new coronavirus pneumonia “how…
Following the Federal Government’s announcement of a 688 million yuan home builder subsidy program (HomeBuilder), builders are experiencing substantial sales growth. This subsidy program gives cash subsidies of 25,000 yuan to buyers of self-occupied or hand-built suites who are eligible to prepare for the construction of new or renovated homes. In response, Tim Reardon, chief…
On Saturday, nearly a hundred people “gathered” together to watch the auction of a million-dollar mansion in Prahran, on the video conferencing software Zoom. Agent James said that if it is an offline auction, he believes that there will be a similar “crowd” size on the scene. “We have 5 bidders and 96 participants.” Located…
A bank in Australia has significantly reduced the deposit requirements for first-time buyers to help them purchase properties faster. West George’s St George Bank is trying to attract first-time buyers by reducing deposit requirements and reducing the lender’s mortgage insurance to almost zero. Starting on July 13, this regional bank will allow people who apply…
Under the recent blockade caused by the coronavirus, Melbournens who wanted to flee the area strengthened their determination to buy property. About 90% of buyers are currently from Melbourne, and since the first blockade, real estate transaction volume has tripled. Houses are now only sold through private treaties to meet the needs of Melbourne buyers…
Melbourne Red23 managing director Terry Portelli said: “We are currently seeing a weekly sales increase of 30% from the beginning of May, which is similar to the situation before the outbreak.” Monthly sales in Greater Melbourne and Geelong started from 1,100 in February And 900 in January fell to 576 in April. In May of…