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 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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What’s the impact on Melbourne’s housing market likely to be as a new round of lockdown measures are implemented?

With Melbourne returning to lockdown conditions amidst an acceleration in virus cases, it’s worthwhile looking back at the housing markets performance through the earlier lockdown period. From midnight of July 8th, residents of Melbourne and the Mitchell Shire will be unable to leave their home unless they are shopping for essential items, seeking/giving medical care, […]

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Property market starting to recover from big lock-down driven fall

Many of the property pessimists were disappointed when Corelogic reported its latest monthly statistics. The CoreLogic home value index, covering the eight major capital cities, declined 0.5% in May, and while it was the first monthly fall since June last year, it showed how resilient our property markets are to the Covid-19 created crisis. In […]

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