One of the world’s most important rating agencies says the coronavirus outbreak will affect the Australian economy but will not affect the federal government’s rating. S & P Global said on Thursday that they believe the outbreak will reduce Australia’s GDP growth by half a percentage point, but this does not mean it will directly…
Driven by ultra-low interest rates, the average loan for buying existing homes has reached 500,000 yuan, raising concerns that many people are carrying more debt. Australian Bureau of Statistics data shows that the average loan for existing homes in NSW in 2019 increased by 112,600 yuan (22.2%) to an all-time high of 621,500 yuan. In…
Australian universities are actively lobbying the government to exempt foreign students from entry bans. As cabinet ministers prepare to set up a special group to assess the economic impact of the extension of the entry ban, the Morrison government has rejected lobbying by the 38 billion university industry seeking an exemption of 100,000 international students…
Australian government officials are negotiating with Chinese authorities to relax its Internet firewall to allow international students to use Australian universities’ online and video education courses. With the international student market in Australia facing a potential loss of $ 8 billion, Minister of Education Dan Tehan and Trade Minister Birmingham convened an international education global…
The Australian University Federation asked the federal government to apologize for holding and interrogating Chinese students for hours when the travel ban was introduced. On Saturday night, about 70 Chinese students were blocked at Sydney Airport, partly denied entry due to a federal ban just hours ago. Chinese students have also been questioned in Melbourne…
Australian house prices continued to rise in January, with more than just Sydney and Melbourne. The capital cities of Southeast Australia continued to lead, with Melbourne up 1.2% and Sydney 1.1%, but other cities also rose, and the struggling Perth and Darwin markets also rose 0.1%. Overall, CoreLogic figures show that growth has slowed from…
According to realestate.com.au, wealthy Chinese buyers flew to various Melbourne suburbs to buy houses during the New Year holiday. Chinese New Year Golden Week is also the peak period for Chinese buyers to look for a house to buy. They will use this holiday to travel abroad. CBD, Point Cook, Doncaster, Southbank and Toorak are…
Australia ushered in Australia Day 2020 on January 26, and hundreds of events will be held in various places. Prime Minister Scott Morrison gave a speech and awarded the Australian Honours of the Year. This year’s Australian Day is different from usual, and awards have been set up for firefighters and medical staff who have…
The Reserve Bank of Australia says the real motivation behind the federal government’s proposal to implement a cash ban is to create an Orwell-style country that gives banks more control over people’s money — and the government’s actions over people during a recession — that the argument that there is greater control over people is…
The government has set up a $ 50 million emergency fund to address the problem of wild animals lost in forest fires, which lawmakers have described as “historical environmental challenges” and “ecological disasters.” The “initial payment” comes from the 2 billion forest fire disaster relief announced by Morrison last week. More than 10 million hectares…