Melbourne continues to boom and is helping to drive the national economy, new data has revealed. The inner city is providing almost 500,000 jobs and pitching in 11.4 per cent of the national GDP. Only central Sydney and its inner south was contributing more.
The number of international students in Australia hit a record high last year with more than half a million choosing to study here. Figures from the federal Education Department show there were 554,179 full-fee paying international students in 2016, an increase of more than 10 per cent on the previous year.
House prices in Salford have soared as estate agents ‘scrambled’ for stock. Homeowners saw prices rise by almost double the national average - rising by 13.1 per cent in 2016. According to figures released by the Land Registry, the average house prices in the UK increased by 7.2 pc, to £220,000. In Salford however, prices shot up from £127,918 to £144,614 - an increase on £16,696.
Authorities have appointed a team of property developers to start work on the multi-million pound transformation of Liverpool’s business district. Liverpool City Council chose Kier Construction and CTP Limited to deliver the £200m redevelopment of Pall Mall Exchange, which will provide up to 400,000 sq ft of office space across three buildings.
