Billions of people affected by the COVID-19 pandemic are driving a “historic and dramatic shift in consumer behaviour” — according to the latest research from PwC. The consulting and accounting firm’s June 2021 Global Consumer Insights Pulse Survey reports a strong shift to online shopping as people were first confined by lockdowns, and then many continued to…
With lockdown restrictions tightening across NSW and extending in Victoria, Australia’s banks have rolled out extra support to affected customers. This week our largest bank, CBA, has extended its foreclosure moratorium, which means the bank won’t evict a customer in arrears until at least February 2022. Support being offered by Australian banks Mortgage deferrals (size…
As the delta variant of COVID-19 has spread in Australia, Greater Sydney will soon enter the third week of lockdown. With a low vaccination rate and slow vaccine distribution, temporary, pandemic-induced lockdowns may continue to be a norm for Australians through 2021. This note highlights trends that emerged from the housing market amid COVID-19- induced…
There is no doubt that COVID-19 will be remembered as a lifetime event that changed the world forever. This unprecedented pandemic continues to destroy many families with the death toll rising daily, and crippling the global economy at large. Just like any other crisis that has come and gone, there are lessons we can all…
![How Many People Die Each Day? [Infographic]](https://cdn.statically.io/img/cdn.propertyupdate.com.au/wp-content/uploads/2020/05/corona-2048x1152-1-270x200.png?quality=70&f=auto)
While we seem to have Coronavirus under control in Australia, but overseas COVID-19 pandemic rages on and the media continues to rattle off statistics at full force. However, without a frame of reference, numbers such as the death toll can be difficult to interpret. Mortalities attributed to the virus, for example, are often measured in…
Understanding how Covid lockdowns have impacted certain individuals and industries, helps to inform us about how quickly the economy and markets may recover. With this in mind, I thought it was useful to share a number of charts published recently by the RBA and banks which provide important and interesting insights. Covid has discriminated against younger workers…
If I had told you this time last year that we’d be in the midst of a global pandemic, with our borders closed, footballers playing in front of empty stadium, the AFL Grand Final was played at night in Queensland and Melbourne would be in lockdown for 3 months, there’s not a chance you would…
I’ve written a few blogs previously that describe the impacts of COVID-19 and border closures on population growth and change. The situation continues to evolve and the impacts differ by location. By far the most impactful measure implemented is the closure of the international border. This has effectively cut off the major source of population growth – net…
Has COVID-19 changed real estate forever? A report from real estate company McGrath has concluded the pandemic will certainly cause sectors of the population to adjust both their way of thinking and their behaviour in a permanent way. The home The virus has prompted many Australians to reassess their lives and make new choices for…
The latest CPI results from the ABS showed a 1.6% increase in the consumer price index over the September quarter. The increase was the highest quarterly result since 2006, and adjusting for a strong rise in inflation takes some shine off the recent value increases seen across smaller capital city housing markets in the period. Factoring…
