Although the surge in new crown cases in December caused consumer confidence to frustrate, expectations for housing prices rose again. The Westpac Melbourne Institute’s index of house price expectations rose 1.1% in January—and usually, this is a month of quieter real estate activity. Before price expectations rose, the index surged 9.4% last month to 143.7…
Recently, the Australian Department of Law released a report on the review of the Australian intelligence legislation framework-the “Richardson Review”, which for the first time extensively reviewed many national security laws passed in Australia after the “911” terrorist attacks. It is reported that the review recommends that the government merge the existing “Telecommunications (Interception and…
The Australian Small Business Commissioner Kate Carnell warned that due to the further reduction in the subsidy amount of the Australian government’s JobKeeper program, many small business employees have been lost and employers are unable to recruit new employees. According to the Australian government’s plan, the amount of the “Retention Subsidy” will be reduced from…
Employment in the December quarter returned to pre-covid-19 levels, indicating that the official employment situation has further improved, and GDP is stronger than expected. The Reserve Bank of Australia may reduce its quantitative easing program as early as April. Bjorn Jarvis, Director of the Bureau of Labor Statistics of ABS, said: “From early December to…
Realestate.com.au chief economist Nerida Conisbee told Canstar that the preferences of home buyers have changed during that period. “Twenty years ago, it was popular in the suburbs, in big houses in big houses. Since then, we have seen a shift to coastal life and urban life, which are all within walking distance.” She explained. “In…
in three years The Bank of Australia’s analysis shows that if the 0.1% interest rate is maintained for a long time, Australian house prices may rise by 30% within 3 years. If the interest rate is a temporary interest rate, the expected housing price increase is 10%. Although the Reserve Bank of Australia is worried…
Starting this week, a carriageway will be closed and converted into a new pedestrian zone. This construction not only beautifies the city, but also improves traffic safety in the urban area. It is expected that there will be 400 square meters of additional space for pedestrians. Mayor Sally Capp said that more attractive and functional…
This 9-kilometer-long double-tube tunnel is the core of the Metro Tunnel railway project and is expected to be completed in July this year. The train is expected to run on this new line ahead of schedule. According to a report by the “Pioneer Sun” on January 15th, the roadheader of this A$13.7 billion project is…
According to the December quarterly report of the Victorian Real Estate Institute, the median house price in Victoria has the largest increase since 2000. The median house price in Melbourne’s metropolis exceeded A$900,000 for the first time, an increase of 9.5% from the September quarter to A$941,000. The family seized the opportunity to upgrade their…
If record low interest rates lead to skyrocketing housing prices, leaving new buyers in a state of negative equity, or risking excessive debt, RBA and APRA are also prepared to tighten loan standards. According to documents obtained by The Times and the Sydney Morning Herald under the Freedom of Information Communication Act, as early as…