The Melbourne property market has suffered more than any other market from Covid -19. Having endured a prolonged lockdown, many are wondering what’s ahead for Melbourne real estate. Well property expert Pete Wargent recently reassured those interested in Melbourne suggesting now is a great time for for prospective homebuyers in Melbourne to prepare to buy….
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%…
How are your finances going? While the latest figures show household savings are rising in Australia, unfortunately COVID-19 has put a dampener on Christmas spending this year according to new research by Finder. A new Finder survey of 1,066 respondents revealed 37% of Australians aged 18 and above – equivalent to 7 million people –…
![There Has NEVER Been a Better Time to Buy Property! [CASE STUDY]](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/05/sell-property-research-270x200.jpg)
One of the more common questions I am asked is “Is it a good time to buy?” As a potential home buyer or investor, I am sure this thought crosses your mind too. Surely, with all that is going on around the world, right now may not be one of those times. There such is…
Property markets around Australia are facing headwinds, in fact they are facing challenges from many directions. But as always our markets are fragmented. Some areas are performing well, especially established suburbs in our capital cities and some regional locations. While other segments of our property markets are best avoided. RiskWise CEO Doron Peleg said property…
New ABS Lending Indicators data released today shows new home lending increased in July for the second consecutive month, following earlier lifts in COVID-19 restrictions to auctions and open homes. The value of new home lending rose by 8.9% in July, following a 6.4% rise in June based on seasonally adjusted figures. Canstar analysis of…
Australians have wiped a total of $5.5 billion of debt accruing interest from their credit cards since the start of COVID-19, a drop of 20 per cent, according to figures released by the RBA. During this time Australians also took the scissors to their credit cards, closing almost half a million accounts in four months….
Are you considering buying property based on recent headlines that working from home is a game-changer for property? I know I read in the media, almost every day, that this new working from home phenomenon will apparently lead to a boom in regional and seaside towns. I remember reading similar headlines over a decade ago,…
Unemployment is on everyone’s mind isn’t it? While we regularly see the unemployment figures provided by the Australian Bureau of Statistics (7.5%) most of us have a gut feel the “real” level of unemployment is higher. Well according to Roy Morgan in August 13.8% of the workforce (1.98 million Australians) were unemployed. This represents an…
New research from Roy Morgan into the impact of COVID-19 on Australia’s employment market shows that two-thirds of working Australians (67%) have had ‘a change to their employment’ due to the pandemic. Some people reported several changes to their working conditions since the Coronavirus, like being stood down, having reduced hours and working from home….
