As part of the government’s economic stimulus plan, about five million Australians affected by the epidemic will receive 750 yuan from this week. The Morrison government prepared to issue a second sum of money at the beginning of the outbreak. This money was used to support welfare recipients and stimulate the economy. This plan is…
House builders say construction workers are at risk of further unemployment in the short term, because any further delays in the HomeBuilder plan may force developers to suspend housing projects. The Ministry of Finance stated that as of June 29, 36,103 people had registered interest in the plan. Victoria accounts for the majority of interested…
An Australian developer and builder spent $25.3 million on a 20.8-hectare site in Ravenhall, west of Melbourne. The site is located at 31 Fuller Road. For this transaction, the developer and builder plan to develop a large industrial project worth more than A$100 million. The site has been under overall strategic planning with the Melton…
According to a plan being considered by the Morrison government, personal income tax relief worth billions of Australian dollars will be implemented at least one year in advance to help the economy escape the recession caused by the new coronavirus. This move has won the support of the Labor Party and is intended to help…
In response to the economic impact of Melbourne’s renewed blockade, the Morrison government is expected to announce a new income support plan to help Australians survive the new crown epidemic. Finance Minister Josh FRydenberg said on Wednesday that the government will have “another stage of income support plan, which will be announced later next month.”…
An important committee report stated that the University of Melbourne may build its own new campus in Fisherman Band. Melbourne City’s Strategic Director stated that planning the campus will include consideration of public domain and heritage area retention, architectural form, building capacity and surrounding convenience. This is also a response to the amendment to the…
The Bank of Australia has provided a lifeline to borrowers who have been hit by the pandemic. Mortgage holders currently suspended on repayment can extend the suspension period for up to four months if necessary. In order to avoid some kind of public concern about the imminent financial “cliff”, the banking industry has launched a…
After Treasury Secretary Josh Frydenberg admitted that reblocking most Victorians could cost the economy billions of dollars, the federal government was considering moving ahead with plans to reduce personal income tax. “Tax reduction legislation is divided into three stages. We are considering this issue and the timing of tax reduction, because we want to boost…
According to REA, over 100,000 first-time home buyers in Victoria have benefited from the government’s first-time home purchase policy in the past three years, saving $1.76 billion in stamp duty. Among them, the favorite municipalities for first-time buyers are Casey, Wyndham and Hume. The total stamp duty for first-time home buyers in these areas is…
Deloitte (Deloitte Access Economics)’s latest forecast expects official interest rates to remain at a record low of 0.25%. Mortgage holders do not have to worry about rising mortgage costs for many years to come. But after that, the agency expects the economy to grow by 5.3% in 2021-22 and another 4% in the second year.…