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% […]

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What’s ahead for our economy? NAB forecasts with charts

What’s ahead for our economy? Clearly Australia’s economy was massively hit by Covid-19 and the associated lock downs in March and April. But since then activity has rebounded more quickly than most economists expected. While recent developments in Victoria are concerning, Australia still remains much better placed that other countries (especially the USA) to reopen […]

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What impact will Melbourne’s virus lockdown have on property and economy?

Melbourne’s Covid transmission outbreak has been widely publicised by the media. Melbourne’s daily positive test rate is relatively benign by world standards (i.e. 0.5-0.6% versus 7.5% in the USA). However, the reinstated 6-week lockdown of Melbourne is likely to have a negative impact on Australia’s economy. Melbourne is responsible for producing over 19% of Australia’s […]

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