Cautious banks could change their approach to home loans in flood-prone areas

“Lenders take that into consideration at the time of the natural disaster – at the time or right after, up to 12, 18 months after – in terms of whether they’re lending,” he said. “The expert wants to confirm that it is still standing, that it still has four walls and a roof and... Read More

The Melbourne suburb that joined the million dollar club

Someone on a seven-figure budget might expect a three- to four-bedroom detached house with a backyard, he said. In Oakleigh East, buyers with the same budget would consider a townhouse, said Chris Kelepouris, managing director of Ray White Oakleigh. Leafy Wantirna now has a median home price of $1.05 million.Credit:wayne taylor Its market had... Read More

RATS for all as Guy Sebastian headlines Leon Pratt’s bar mitzvah

Actor Barry Humphries sitting with Sky News’ Sharri Markson. The Fourth Estate was also represented by The Australian Financial Reviewit is Joe Aston as good as Damon Kitney and John Stensholt from The Australian. I can’t wait to read about it, guys! A performance of Guy Sebastian was the star attraction of the marquee.... Read More

Limited convoy impact | Otago Daily Times News Online

Anyone who has ever been to a protest will remember the excitement felt, the camaraderie, the hope against hope that it would make a difference. It can be hard to tell. The tens of thousands of people across the country who took part in the September 2019 climate change march, for example, might wonder... Read More

FDIC researchers say tech-savvy banks outperformed on PPP loans

Banks that operate more like fintechs are outperforming more traditional competitors on certain financial products, researchers from the Federal Deposit Insurance Corp have found. The study used a new measure of technology adoption in banks to examine Paycheck Protection Program lending volumes in the second quarter of 2020. Banks in the top 15% for... Read More

CBN extends N23.2 billion loans to 28 beneficiaries as new policy begins

The ultimate goal of the policy is to reverse the country’s dependence on imports by creating a feedback system that targets and supports good companies and projects. Sir Godwin Emefielethe CBN Governor, speaking at the inauguration, said the initiative was designed to stimulate investment in Nigeria’s priority sectors with the main objective of boosting... Read More

Decision to raise internal loans could worsen liquidity crunch

As the government struggles to spend its existing resources, it has started to raise internal loans, fueling fears that this will lead to a further shortage of financial resources at banks which are already under pressure to lend due to the lack of of cash. On Friday, the Nepal Rastra Bank solicited applications from... Read More

Christmas gifts that will help Melbourne

The donation of food A selection of dishes from the Torres Strait Island at Mabu Mabu in Yarraville, Melbourne. Buying a good restaurant for a friend or loved one is a great way to help the CBD hospitality industry get back on their feet. As diners flock to town for weekend meals, pedestrian... Read More

Residents of the retirement village have an electric vehicle on tap

An overview of some of the benefits available to residents of retirement villages to ensure they can stay mobile and active in their community. The soon to be opened Bolton Clarke vertical retirement village, Europa on Alma, in the seaside suburb of St Kilda, 4 miles southeast of Melbourne’s CBD, will have its... Read More

What it’s really like to live in a hotel all year round

They hope to benefit from economies of scale and to have a hotel sharing the maintenance costs. For the promoter, the injection of cash from the sale of apartments makes it possible to obtain bank guarantees of financing for the construction of the hotel element. This is a model that has worked well elsewhere.... Read More

Bolton Clarke goes electric with Ohmie GO

Bolton Clarke became the first retiree village operator to sign with electric vehicle start-up Ohmie GO to provide an electric mobility solution to residents. Ohmie GO is an electric vehicle sharing company that allows people to access recent models of cars, bikes and vans near their building, usually booked on an hourly basis.... Read More

KKR buys Sofitel Sydney Wentworth Hotel for $ 315 million

Sydney’s very first five-star hotel: the Sofitel Wentworth sold for $ 315 million. Carolyn Cummins|October 31, 2021 Facebook Private equity giant Kohlberg Kravis Roberts (KKR) took over the Sofitel Sydney Wentworth hotel, a Liberal Party haunt on election night, for $ 315 million as the tourism sector under siege is ready for a revival.... Read More

Green light for the redevelopment of the CSIRO Highett site

Sunkin Property Group – a branch of Wolf Group – has been given the green light to replace a former CSIRO laboratory in Highett with a large, medium-density village. The proposal, for 1,022 units in 15 towers between two and seven floors, has a final value of more than $ 500 million. The... Read More

Back to normal? It’s a tall order as New York City restaurants struggle.

There are many signs that a resurgence has started. The tables are packed in the restaurants and bars of the city. Many places have increased their capacity with new outdoor seating, thanks to the city’s Open Streets and Open Restaurant programs. “It feels like every day is a weekend,” said Simone Tong, chef... Read More

Melbourne’s iconic ‘Bayview on the Park’ hotel sold for new benchmark property pricing by JLL

One of Melbourne’s well-known hotels, the Bayview on the Park across from Albert Park has been sold unconditionally in what is one of the city’s largest downtown hotels and grounds for 2021 by Peter Harper and Nick MacFie of JLL Hotels & Hospitality Group, alongside JLL Capital Markets. Josh Rutman and Mingxuan Li. The... Read More

Overview of movements and victories: week of September 20, 2021 | Advertising

Levi Slavin, former CCO of Colenso BBDO, will join Howatson + Company as Creative Director.In 2017 Slavin moved from New York to New Zealand to lead ColensoBBDO and before that he was at BBDO New York. His work on The Message – an original eight-episode branded podcast – won two Golden Lions for GE.... Read More

Ballarat to be plunged into lockdown as Shepparton cleared to open

Long lines formed at Ballarat test sites on Tuesday after two popular restaurants and a Big W were listed as Level 1 exhibition sites. Ballarat Mayor Daniel Moloney said on Wednesday that another test site would be set up soon to meet continued high demand in the coming days. “When people saw these... Read More

Corporate Keys acquires the Southbank Apartments brand in Melbourne

The serviced apartment and furnished business residence brand, Corporate Keys, has acquired the Southbank Apartments brand with the aim of increasing its branded inventory in three buildings in Melbourne. The acquisition allows the company to take control of the private rental pool of Freshwater Place in Melbourne, Southgate Avenue and the 91-story Eureka Tower... Read More

Fannie Mae aims to make home loans more accessible

Mortgage finance giant Fannie Mae is making it easier to include rental payment history as part of the mortgage approval process, a move meant to help borrowers with limited credit histories have better access to finance. home loans. Fannie Mae said that starting next month, it will help lenders take into account borrowers’... Read More

Coburg North treehouse is brought down as Moreland Council wields an ax on the guerrilla playground

Marcus Veerman, Managing Director of Social Enterprise nudelkart.com and a specialist helping communities build their own playgrounds, said Moreland’s council was too hasty to remove the treehouse from Coburg North. “Just removing it without warning or consultation, I think, is a bit of a shame as it seems like it was a valued... Read More

Goldman Sachs Opposes ‘Strapping’ As Cheap Loans Launch

Strict bank rules push real estate prices up: Goldman Sachs steps in row of fences as lowest mortgage rate on record is launched Goldman Sachs warned banking rules sparked mortgage price war This is what drives home prices up with the cheapest home loans ever By Emma Dunkley and Helen Cahill, Financial Mail... Read More

Melbourne Football Club training oval receives funding for major upgrades

The Melbourne Football Club training oval at Gosch’s Paddock will be redeveloped to align with the standards of other AFL clubs, with the Victorian government joining with the AFL and Melbourne in funding the project. Larger dimensions and new surface area will also benefit the entire community with the Olympic Boulevard oval available... Read More

Two classic Paddington pubs, the Unicorn and Captain Cook, have found new owners

The Unicorn Hotel was sold with a lease in place to Kenny Graham and Jake Smyth’s Mary’s Group, which has operated the venue since 2015. Also in Paddington, the freehold interest in the Captain Cook Hotel, located opposite where Sydney’s new football stadium is being built, was sold for $ 10.5 million to a... Read More

$ 620 million Travelodge hotel portfolio sold to Salter Brothers JV by McVay Real Estate

Salter Brothers Managing Director Paul Salter said: “The transaction allows us to capitalize on the evolution of the hospitality industry in Australia. a big indicator for Australia’s future, we’re seeing that across all sectors, which is really encouraging. Paul Salter of Salter Brothers has confirmed the acquisition of the Travelodge portfolio from Mirvac and... Read More

St Kilda Road precinct ‘great site’ for sale – JLL

One of the largest and last remaining development sites within the precincts of St Kilda Road is being offered for sale in a move that is expected to attract overseas interest and the attention of local developers most important in the country. Totaling 6,966m² on a triple development, 50-52 Queens Road, Melbourne is located... Read More