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Today's vacancy rate: Sydney 57%, Melbourne 55%, Brisbane 21%

 
[Economic News]     09 Feb 2019
This Saturday (Feb. 9) Aussie auction data summary data source: DomainZiniEmptying rate: 57%Medium price: $1000000

This Saturday (Feb. 9) Aussie auction data summary data source: Domain

Zini

Emptying rate: 57%

Medium price: $1000000

Volume of transactions: $100561000

Registered auction real estate sets: 295

Registered auction real estate sets: 206

Final deal real estate sets: 136

Withdrawal of auctioneering suites: 31


Melbourne (澳大利亚重要港市, 华侨称“新金山”)

Emptying rate: 55%

Medium price: $680000

Volume of transactions: $71361050

Registered auction real estate sets: 300

Registered auction real estate sets: 203

Final deal number of real estate sets: 115

Withdrawal of auctioneering suites: 6


Brisbane [英格兰人姓氏] 绰号,骨折残疾人或凶残的人,来源于古法语,含义是“折断”(to break)+古英语,含义是“骨头”(bone)

Emptying rate: 21%

Medium price: SNR

Volume of transactions: $5170000

Registered auction real estate sets: 64

Registered auction real estate sets: 30

Final deal number of real estate sets: 10

Withdrawal of auctioneering suites: 17


A look at Australia`s hot news this week

The Royal Commission`s final report is released, and credit may gradually slow down.

Today's vacancy rate: Sydney 57%, Melbourne 55%, Brisbane 21%

On Feb. 4, the Royal Commission released its final report on the banking investigation. The report makes 76 recommendations for the financial sector, focusing on banning the active sale of financial products, preventing intermediaries such as mortgage brokers from obtaining conflict commissions, and strengthening enforcement.

RBA President Philip Lowe supports the position of the Federal Treasury Secretary, Josh Frydenberg, saying that the Royal Commission`s proposal to eliminate the commission paid by banks to loan brokers should be treated with caution and replaced by client fees.

On Feb. 5, the market reflected that the disclosure of the Royal Commission`s final report was not as "frightening" as previously expected, and that the credit crunch should not intensify. Shares of the big four banks, AMP and IOOF, all bounced back.


The Opal Tower event is far from ove

Today's vacancy rate: Sydney 57%, Melbourne 55%, Brisbane 21%

In recent days, residents of the Opal building, who were evacuated after a wall crack on Christmas Eve, refused to return to their renovated apartment. Although developer Icon released a security report on Saturday that 74 apartments had been reinforced, it said it would not pay any rental subsidies to residents of 74 apartments after the safety report was released.

The owner tried to contact the body corporate, the agent and the rest of the owners to request a copy of the report, but had not received a reply, and his attitude towards the return move was firm. "We bought a whole new apartment," he said. Not an unfinished construction site.

Owners` class action preparations are reported to be ongoing, and owners may demand a decline in the value of their apartments, loss of rental income and maintenance costs associated with construction and relocation costs, regardless of the firm`s choice. Analysts say owners face losses of more than 16%.


Macquarie Park value 1 billion Development Project submitted

Today's vacancy rate: Sydney 57%, Melbourne 55%, Brisbane 21%

Vision, the developer, has submitted three applications to develop a large-scale, $1 billion-plus complex project in the booming Macquarie Park. The project is located about 16 km northwest of CBD, Sydney, adjacent to Macquarie University and train Station. The project name Cottonwood Crescent, will consist of four different buildings.

The main building at 88 Waterloo Road plans to build a 20-storey building. The building will provide 172 residential apartments, including six penthouses. There are also two separate towers connected by a bridge on the top floor.

"if Cottonwood Crescent is a new example of a world-class innovation park, then 86 Waterloo is its beating heart," said developer Vision.


The densest residential areas in Australia will be located in Waterloo

Today's vacancy rate: Sydney 57%, Melbourne 55%, Brisbane 21%

Seven 40-story apartments and 12 32-story apartments have been included in government`s review of the Waterloo redevelopment.

Under the plan, Waterloo will build a new area east of the subway station and develop 6800 homes. The plan will create the densest living areas in Australia. That figure does not include more than 700 other apartments, which will be built directly above the adjacent Waterloo train station.

"very concerned that the intensity of development is forcing people to live in substandard environments and have a huge impact on the open spaces around them, such as homes, parks, streets and so on," speaker Cr Moore said at the conference.

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