Archive For May 31, 2015

ADB, Cambodia Sign $99 Million in Agreements to Boost Quality of Life

Asian Development Bank – News from Country Offices | 27 October 2014 PHNOM PENH, CAMBODIA – Cambodia’s Minister of Economy and Finance H.E. Dr. Aun Pornmoniroth and the Asian Development Bank (ADB) today signed grant and loan agreements worth $99 million for three development projects. The agreements cover the Rural Roads Improvement Project II, the Technical…

Read more »

ADB, Sri Lanka Sign $107 Million Loan Agreement for Roads

Asian Development Bank – News from Country Offices | 28 May 2015 COLOMBO, SRI LANKA – The Asian Development Bank (ADB) and the Government of Sri Lanka today signed the $107 million second tranche loan agreement of an $800 million multi-tranche financing facility to upgrade roads. “Providing all-weather road access will help link rural communities…

Read more »

The Transformation in Maturity Transformation

The Transformation in Maturity Transformation

The Transformation in Maturity Transformation Philip Lowe Deputy Governor Address to Thomson Reuters’ 3rd Australian Regulatory Summit Sydney – 27 May 2015 Thank you very much for the invitation to be part of Thomson Reuters’ Third Australian Regulatory Summit. There is no shortage of things to talk about at such a summit. As you are…

Read more »

Australia’s Financial Aggregates

Australia’s Financial Aggregates April 2015 Release date: 29 May 2015 The table below presents a summary of the latest financial aggregates statistics. Financial AggregatesPercentage change Monthly Year-ended March 2015 April 2015 April 2014 April 2015 Sources: ABS; APRA; RBA Total credit 0.5 0.3 4.6 6.1 – Housing 0.6 0.5 6.0 7.2 – Personal 0.2 −0.1…

Read more »

Minutes of the Monetary Policy Meeting of the Reserve Bank Board

Sydney – 5 May 2015 Members Present Glenn Stevens (Governor and Chair), Philip Lowe (Deputy Governor), John Akehurst, Roger Corbett AO, John Edwards, Kathryn Fagg, John Fraser (Secretary to the Treasury), Heather Ridout AO, Catherine Tanna Others Present Guy Debelle (Assistant Governor, Financial Markets), Christopher Kent (Assistant Governor, Economic), Alexandra Heath (Head, Economic Analysis Department), Anthony Dickman…

Read more »

Property Development Pitfalls – A Case Study

Property Development Pitfalls – A Case Study

Author: Steven Chandler – Managing Director – LEFTA Corporation Pty Ltd. Watch out! If someone throws a rock at you and your friend sees it, that’s what they’re going to say. That’s what your experts need to do for you on your project. If you are new to property development then you are reliant on…

Read more »

Danger at the core of property investment ‘No Go Zones’: Terry Ryder

The developer lobby, better at promoting self-interest than anyone else in society, would have us believe that building more homes will make homes cheaper. Developers themselves believe that building more houses will make themselves more profitable – particularly if government gives them their wish list of things to make their lives easier – and what…

Read more »

Tax will add $15,000 to price of average city apartment

A new tax on foreigners buying property in Victoria will add about $15,000 to the price of an average city apartment, the state government has revealed as it defends the extra stamp duty fee in the face of industry unrest. The government has come under furious pressure from the property sector worried the fresh fee…

Read more »

Mid-autumn Melbourne market going strong: Wakelin

Auction clearance rates are consistently tracking in the high 70s and low 80s and in other words, very few properties are failing to sell under the hammer. Typically, most of the rest are sold within a few days of the auction date. Property prices are rising in Melbourne and are probably 3% to 5% higher…

Read more »

Glen Waverley, Balwyn, Balwyn North and Box Hill popular with Chinese buyers on myfun.com

MELBOURNE’S eastern suburbs have dominated inquiries on an Australian property website that is largely pitched to foreign investors and is presented in Mandarin Chinese. Properties are offered on the myfun.com site from around Australia but the majority of suburbs asked about by Chinese buyers are in Melbourne. Melbourne was the most inquired about suburb or…

Read more »