The third piece of land in the West Melbourne Development Zone changed hands at a total price of A$60 million. Previously, one of the properties on the land (383 Spencer Street) was acquired for $7 million, the second property was located at 102-108 Jeffcott Street, and the two-storey vacant warehouse was sold to a Melbourne…
In Melbourne, more than a dozen postal districts have implemented stricter social isolation regulations. Last week, 373 auctions were held and 235 results were received. The initial clearance rate was 62.2%. Shane Oliver, chief economist at AMP Capital, said that after all the results came out, the liquidation rate was still as expected. The results…
Recently, due to the impact of the epidemic. The Governor mentioned that Flemington and Kensington with postcode 3031 and the North Melbourne area with postcode 3051 have recently returned to Stage 3 blockade. At present, 12 families in 9 apartment buildings in the area have been infected, with more than 23 people infected. Governor Andrews…
Recently, Australia’s largest business lobby group is urging the federal government and corporate leaders to hire more Asian Australians to serve in senior management and board positions. In a report issued by the Australian Business Council and the Asia Task Force of the Asian Association, a proposal was made that hopes that governments and businesses…
A major new development in Melbourne will create 34,000 jobs, and 15,000 new residents will move into the new suburbs of the inner city of northwest Melbourne. The state government announced a detailed plan for the transformation of industrial land, which will be completed in 2050. The new jurisdiction called Arden will cover 50 hectares…
As mortgage brokers and buyer agents reported that financial review has returned to post-royal commission levels, hopeful buyers are being forced to wait up to seven weeks to obtain loan approval. According to reports, in the face of rising unemployment and job uncertainty, home buyers are required to prove that their most recent annual leave…
From July 1, the federal government’s policies on business, agriculture, health, and energy will change, which will affect the taxation, overtime, and pensions of businesses and individuals. 01 Business Mainly includes tax reduction plans and tax incentives 02 Labor Relations Reduce the rate of extra overtime on holidays 03 Skills and Expertise TAFE bursary program…
ACB News “Australia Finance Online” June 26 News Australia’s second largest bank Westpac Bank announced that it will reduce its eSaver and Life product deposit interest rates by 5 basis points, the highest interest rate is only 1%. Westpac said its standard savings account, eSaver, had a deposit rate of 1% for the first 5…
The Victorian Government has paved the way for employment-creating construction projects worth more than A$1 billion to start and help start the economy. Finance Minister Tim Pallas announced today that the government’s “Working Group on Helping Victoria Recover Construction” has quickly tracked seven other projects, all of which have now been approved by the plan.…
Another luxury home in Victoria is listed for sale at $40 million. This mansion is located on Mornington Penisula’s Mornington Peninsula. This mansion covers an area of 63 hectares. And all the facilities in the mansion are available, there are 5 luxurious large bedrooms, 20 rooms, 200 parking spaces! In addition to these basic facilities,…