Despite lockdown Victorian businesses more positive about state’s economy

Melbourne businesses are twice as optimistic as they were a month ago when it comes to what they think the Victorian and Federal Government economies will look like in 12 months. According to the September Sensis Business Index, 35% of Melbourne businesses believe the Victorian economy will be better in a year compared with 17% […]

Read More >>

A risky business or safe as houses?

We’ve all heard the phrase “safe as houses”, and indeed, investing in real estate has long been considered a safe and secure long-term investment strategy, particularly for those who do their due diligence and locate good-quality properties in areas that are likely to grow in appeal and value. That said, as with almost all areas […]

Read More >>

Three lessons from wars past that we can see or expect in Australia

As the situation worsened overseas, Australia’s policy makers were lucky to have more time than their counterparts in Europe and Asia to prepare before the worst of the crisis hit our shores. They formulated a massive fiscal intervention, combined with unprecedented levels of government control over society and the transition of a large proportion of […]

Read More >>

CoreLogic survey suggests residential landlords have been inclined to keep rents steady during the COVID-19 pandemic

Plenty of data suggests certain rental markets have deteriorated amid the COVID-19 pandemic. CoreLogic data showed a 0.8% decline in national rent values from the end of March to the end of August, with more acute falls in the unit markets of Sydney and Melbourne, where rent values have fallen 4.2% and 4.4% respectively over […]

Read More >>

REIV slams Andrews’ renewed restrictions

The Real Estate Institute of Victoria (REIV) has criticised the state government’s decision to keep restrictions in place for longer than originally anticipated. On Sunday, 6 September, Premier Daniel Andrews confirmed the current restrictions would be extended across metropolitan Melbourne. This will effectively keep the property market shut down for an uncertain period and most […]

Read More >>

What the bad news for airline pilots may mean for you as a property investor

Just look what’s happened to Qantas and Virgin. Like many other businesses they are being crushed by the COVID-19 economic slowdown. Qantas lost billions of dollars and has shed thousands of employees. Virgin went broke and similarly its employees, including pilots, are facing layoffs or job losses. While a gate attendant might easily transition into […]

Read More >>

COVID-19 creates an unusual start to the spring selling season

A key takeaway from CoreLogic data amid the pandemic, is that transaction activity slows significantly in response to COVID-19 restrictions. The resulting loss of employment, lower consumer sentiment and border closures have had a much larger impact on the number of properties marketed and sold, than property prices themselves. This was seen from the Stage […]

Read More >>

What will life be like in a smaller Australia [video]

Australia won’t see high population growth at pre-COVID levels for years. This is a problem for many sectors. Our education system is underwritten by international students, our residential construction sector depends on a steady stream of new residents needing to be housed and all the highly skilled jobs that our economy created couldn’t possibly have […]

Read More >>

Is the COVID crisis driving a tree change?

One of the things that interests me about real estate reporting is the way that some media report on Australia’s “property market”. The truth is, there is no single property market in Australia – instead, there are hundreds (perhaps even thousands) of smaller property markets across the country, each operating with their own unique drivers […]

Read More >>

How will the recession really affect our property markets?

If you are like most people Australians chances are you would be reading headlines like: “Property market in a freefall”, “The death of the property investing”, etc etc. It all started since Coronavirus entered into the public’s lexicon and now with all the talk of recession. I wouldn’t blame you if you were starting to […]

Read More >>