The winter auctions in Australia are still generating good results for the property owners. Markets in all major cities have shown good results except Melbourne. The Victorian government has implemented new rules that impact the property owners, forcing them to pay more tax on investment properties. The change in rules were certainly visible in the Auction Results 22 July 2023.
On Friday 14th July 2023, a bright light was seen in the Australian skies by many curious onlookers. Some described it as a UFO, other thought it's a meteorite, but it was actually the Indian mission to the moon Chandrayaan-3. Many Australians were quick on social media platforms with UFO Reportings in Australian Skies.
As the mid-winter holidays come to a close, the weekend auction markets have returned in full swing across most capitals. Sellers are witnessing continuing positive trends, although there are a few noteworthy exceptions. The Auction Clearance 15 July 2023 in major capital cities produced good results for both sellers and buyers.
RBA New Governor: Michele Bullock appointed by the Treasurer, making her the first woman to lead this significant institution. Bullock will be succeeding Philip Lowe, whose 43-year career at the bank will come to an end on September 17 when his current seven-year term as RBA Governor concludes.
Germany the largest economy in Europe and the fourth largest in the world, has been facing a challenging period marked by a recession. We made a deep delve into the reasons behind Germany's recession, its implications for Australia and around the world.
With the Reserve Bank of Australia (RBA) maintaining the official cash rate on hold for July 2023 at 4.10% and a scarcity of available homes, this weeks (02 JULY 2023 to 08 JULY 2023) auction clearance rate has witnessed a notable surge, reaching its highest point in five weeks
