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Articles related to "bloom"


Deloitte kicks off Ralan apartment sales in Sydney

  • Buyers of apartments in The Orchid development in Sydney – now called Bloom – agreed to release $44 million in deposits to developer Ralan.
  • Receivers have begun selling apartments in failed developer Ralan's former Sydney project, as they look to repay debts owed to non-bank lender Wingate and global investment firm Fortress.
  • The $300 million project known as The Orchid at 213 Princes Highway in Arncliffe near Sydney Airport features 318 apartments and 36 commercial units and is nearing completion.
  • Of this amount, about $44 million is owed to mainly Sydney-based Chinese investors, who agreed to release their deposits for The Orchid apartments to Ralan as unsecured loans earning interest of 15 per cent per annum or more.
  • The spokesman said Deloitte was open to "constructive engagement and working toward market-based agreements" but that options proposed by some pre-sale purchasers to date have been "insufficient in detail to take forward".

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JobTweaker lever needed to pull back from cliff

  • So a second wave of government supports must extend the emergency lifeline for the economy beyond September.
  • The list is long: JobKeeper ends, the doubling of unemployment benefits through JobSeeker stops, the pause in payments on half a million mortgages runs out, the rental eviction ban is lifted, government loan guarantees for small businesses pull back, and the clock runs out on extra wage subsidies for apprentices.
  • Or, to put that another way, if you want to know what will happen with JobKeeper, keep watching the virus numbers in Melbourne.
  • But the recession is changing shape fast, so the nature, timing and dollars of government support needs to change fast too.
  • So whatever happens, we shouldn’t be scared of spending more money if that’s needed to get unemployment back down.
  • The mistake the world made after the GFC was pulling back government support too soon.

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