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Growth of high-rise in Victoria

28 September 2015 In: Property, Melbourne, Victoria, General

The high-rise boom sweeping Australia has hit Victoria where construction of high-rise homes has reached record levels. Over the coming 12 months, for the first time in its history, Victoria is set to build more multi-unit dwellings than detached houses. The landmark is in keeping with trends toward urban living that predict Melbourne will become Australia’s largest city by 2050. Melbourne is home to more than half of Victoria’s total population. The city’s population was…

6m for Melbourne by 2031

27 September 2015 In: Migration, Melbourne, Victoria, General

The population of Melbourne in Australia will reach six million people by 2031, a rise of almost two million compared to today’s population. Across the state of Victoria as a whole, the population is forecast to increase from its current 5.9 million to 7.1 million in 2031. And latest official figures show the level of residential housing and community facilities that will have to be created in order to address the needs of the growing…

Simply Red to tour Australia

26 September 2015 In: Sydney, Melbourne, Perth, New South Wales, Victoria, South Australia, New Zealand, Entertainment, General

Simply Red will play a series of concerts in Australia and New Zealand in February 2016. The British band, led by flame-haired singer Mick Hucknall, shot to fame in the late 1980’s with a string of worldwide hits such as ‘Money’s Too Tight To Mention’ and ‘Holding Back the Years’. Hucknall quit the music business in the mid-1990s to raise a family after gaining a reputation as ‘pop’s most eligible bachelor’. Now, 30 years since…

Victoria is top state in Australia

26 September 2015 In: Migration, Melbourne, Victoria, General

Victoria is the number one destination for migrants and inter-state re-locations in Australia. The population of Victoria has grown by 1.7% in the past year, making it the fastest-growing state in Australia with an extra 97,500 citizens. New South Wales and Western Australia, in second and third place, have seen growth rates of 1.4% (the national average) and is the slowest rate for ten years. The slowdown in Australia’s population growth is the result, in…

$32bn in Australia home loans

15 September 2015 In: Property, Finance, Sydney, Melbourne, Perth, Canberra, Darwin, Adelaide, Brisbane, Victoria, General

New Government lending rules aimed at cooling the property market in Australia has yet to have a big impact on home loan demand. According to the Australian Bureau of Statistics, 53,095 home loans were approved in July, a rise of 0.3% on the previous month. The total value of all dwelling commitments also increased with more than $32 billion in home loans written in July. Major banks and finance house in Australia have recently changed…

Australia home rents falling

10 September 2015 In: Property, Sydney, Melbourne, Perth, Canberra, Darwin, Adelaide, Brisbane, Hobart, Victoria, Tasmania, General

The cost of renting a house in Australia has fallen by 1% and across the country combined rent is increasing at its slowest on record. Rent inflation is slowing down as the construction boom brings tens of thousands of new homes onto the market in Australia’s capital cities. And in three major cities rental costs have fallen in the past 12 months, in one case by over 10%. Sydney, at $592 per week, remains the…

New homes record in Australia

10 September 2015 In: Property, Sydney, New South Wales, Victoria, Queensland, Western Australia, General

The number of new homes planned in Australia has risen to record levels with over 200,000 approved in the past year, 40% higher than two years ago. While this record level of home-building has created an over-supply of properties in some capital cities and driven down prices, some major cities are suffering an under-supply that continues to force prices up. But industry observers say this imbalance will level out over the next two years and…

Melbourne to overtake Sydney

18 August 2015 In: Melbourne, Victoria, Economy, General

Melbourne is posed to overtake Sydney and become the largest city in Australia. Latest population and economic trends point to Melbourne growing in size and becoming the new centre of gravity Down Under. Official figures – and reality on the ground – show that Melbourne and wider Victoria are experiencing a major boom that will continue for years to come. Current trends are borne out by the Australian Bureau of Statistics whose latest figures show…

Workers needed in Australia

16 August 2015 In: Jobs, New South Wales, Victoria, Queensland, Western Australia, South Australia, Tasmania, Technology, General

Around 4,500 new workers are being sought to help the rollout of the National Broadband Network in Australia. Government officials say the workforce for the National Broadband Network must double in order to speed up the rollout and meet deadlines set for completion in 2020. Now moves are underway to attract skilled communications workers and to train workers new to the industry. Malcolm Turnbull, Communications Minister, told reporters: “We’ve got 1,300 jobs in New South…

Victoria spends $100m on promo

12 August 2015 In: Victoria, General

The government of Victoria is to spend $100m on marketing to attract migrants, tourists and investment into the state. Officials have this week unveiled a new re-branded state logo and promotion campaign that will cost up to $20 million, part of a long term marketing effort that will take the total cost to $100 million. Daniel Andrews, the Premier of Victoria, says the new logo – called Brand Victoria – will replace ‘confusing’ branding that…

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