The expenditure data compiled by CBA (Commonwealth Bank of Australia) and two independent measures of business and consumer confidence both show that consumer confidence has increased gratifyingly, with Victorian hairdressers and household goods suppliers being the biggest winners. According to CBA data, from the end of October to the first week of November, consumer spending…
Australian Health Minister Greg Hunt said on Friday that there has been no community infection of the new crown virus in 4 of the past 5 days in Australia, so there is no need for states and territories to continue to close their internal borders. Hunt said that, medically speaking, there is no reason for…
The loosening of credit, the removal of COVID-19 restrictions and the seasonal rebound in the number of listings have promoted fierce competition in the real estate market. The clearance rate has risen to the highest level since March, and there are three transactions for every four properties at auction. Data released by CoreLogic on Sunday…
The Governor of Victoria recently announced the latest unblocking policy, stating that the state disaster status will no longer be extended and the state emergency will continue until December 6; -Melbourne will cancel the 25km range limit -Melbourne’s “iron ring” policy is cancelled, and Victorian residents can travel freely within Victoria -Restaurants, hotels, cafes and…
As the Morrison government’s early tax cuts will take effect next week, millions of Australians can receive up to 47 Australian dollars a week. Economists expect this money will provide an important boost to the economy and help it unblock it. Reopen afterwards. Beginning on November 16, all employers must ensure that tax cuts-valued at…
A well-known Australian developer confirmed that it has bought a 131-hectare development land worth A$180 million in Clyde, a growth corridor in the southeast of the Melbourne metropolitan area. According to the master plan, more than 1,400 housing sites and townhouses will be developed. Blocks, schools, commercial centers, parks and indoor entertainment facilities, Whitson, president…
According to the “Sydney Morning Herald” report, the Commonwealth Bank (CBA) became the first bank to pass the Reserve Bank of Australia’s interest rate cut, and some fixed mortgage interest rates fell to the lowest in history. On Tuesday, the Reserve Bank of Australia lowered the cash rate to 0.1%. CBA’s standard floating interest rate…
Under a series of economic stimulus measures by the Australian Federal Government and state governments, the number of residential and infrastructure construction in Australia in October reached the highest level in three years. Among them, the index for measuring detached residential construction activity climbed 4.4 points to 61.3 points, which is much higher than the…
The Governor of the Bank of Australia, Phillip Lowe, said in a recent press conference that if the request is rejected, the homeowner can ask the bank to provide a lower mortgage loan agreement and can also switch to another bank. Affected by the central bank’s rate cut, the net interest margin of the four…
SQM said that the rebound in the number of listings laid the foundation for the late spring sales season, which may last until December and stimulate the real estate market early next year. SQM General Manager Louis Christopher said, “It seems that we are returning to the usual spring sales season. In October, all the…