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This week’s Australian Property Market Update – Latest Data, State by State 19th October

This biggest property news over the last week has been the announcement on Sunday from Victorian Premier Daniel Andrews that a return to on-site real estate auctions in Melbourne would be permitted to a maximum of 10 persons. With on-site pre-sale property inspections by prospective purchasers having been permitted since September 28, both buyers and…

A guide to smart money choices for your age group

Life is a journey – sometimes positive sometimes negative – it’s certainly not a straight line. Right now many people are feeling flat, having been whacked with COVID-19 – with many feeling financial pressure like never before. It’s important to keep perspective and realise that your current situation is not permanent. As humans we all…

5 charts on how COVID-19 is hitting Australia's young adults hard

The following five charts provide a snapshot of how COVID-19 is affecting Australians aged 18-24. Though the health impacts of the coronavirus fall most on the elderly, it is young adults that have been hit hardest by the economic and psychological costs of the pandemic response. The data for the charts comes from results gleaned…

As the COVID-19 death toll passes 1 million, how does it compare to other major killers?

More than a million people have now died of COVID-19 – the disease caused by the coronavirus SARS-CoV-2 – in the nine months since the first cases were reported in China. The UN Secretary-General Antonio Guterres has called it an “agonizing milestone” – and Reuters calculated it equated to one person dying every 16 seconds. While the pandemic…

Is now a good time to buy property considering the Coronavirus led recession?

Is now a good time to buy property? Should I hold off and wait for property values to fall further? What’s ahead for our economy and the property markets as Australia falls into recession? These are the type of questions I’m regularly answering for our clients at Metropole and for the many journalists who have…

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%…

Victoria Stage 4 Lockdown – what does it mean for the Melbourne property market?

It’s an irony that Melbourne, which has won the mantle of the world’s “most liveable city” more times than any other city in the last decade, will remain in Stage 4 lockdown for virtually 3 months. Last weekend Premier Daniel Andrew extended the original 6 week lockdown, extending the ban on inspections of properties for…

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