Tag Archives: COVID-19

COVID-19 and Real Estate Markets in Australia – A Review of 2020

  By Mohamad Mourad The onset of COVID-19 in 2020 has produced a number of interesting effects on dynamics in the traditional real estate sectors and real estate markets across Australia in terms of leasing activity and investment activity. This paper is designed to be a summary of the key events and themes surrounding the commercial real estate sector over ...

Read More »

Australia’s economy has moved out of its first recession in almost 30 years, new figures show

  The Australian economy has bounced back from its first recession in almost 30 years, Treasurer Josh Frydenberg says. Australia’s GDP increased by 3.3 per cent in the September quarter, figures released on Wednesday showed. “The Australian economy is coming back,” Mr Frydenberg told reporters. “Facing a once-in-a-century pandemic that has caused the greatest economic shock since the Great Depression, ...

Read More »

NSW eases restrictions for pubs and weddings ahead of holidays

By: Josh Dye and Mary Ward NSW Premier Gladys Berejiklian has announced a major easing of restrictions ahead of the summer holidays, including allowing people to drink while standing up outdoors in pubs. From Monday the one person per two-square-metres rule will prevail at all indoor venues including for hospitality, retail and places of worship. The one person per four-square-metres will still apply ...

Read More »

Adults in NSW will receive $100 in vouchers to spend at hospitality and entertainment venues

By: Yoni Bashan   Every adult in NSW will receive $100 in vouchers to use on dining, entertainment and recreation in a bid to stimulate the hospitality and cultural sectors still suffering from the impacts of the COVID-19 pandemic.   The scheme, costing $500m, will involve four digital vouchers worth $25 each, two of which will be redeemable at restaurants, ...

Read More »

Australians cancelled 800,000 credit cards during COVID-19

By: Aleks Vickovich While Australia’s national net debt has blown out by 40 per cent to $703 billion thanks largely to the pandemic, it seems regular folks around the country have taken a more prudent approach, reducing their collective credit card bill by more than $7 billion over the same period. According to the latest data from the Reserve Bank of Australia, ...

Read More »

House prices across Australia begin to soar

House prices across Australia have risen overall for the first time since the start of COVID-19. Monthly data from CoreLogic shows that, as a collective average, the housing market experienced a 0.4 per cent rise in October. It follows month-on-month average declines since the pandemic started shaking the nation’s economy. “The numbers out today are quite remarkable,” CoreLogic head of ...

Read More »