There are a lot of events that have impacted Australia’s economy in 2022 – we’ve all seen the cost of living increasing, plus the uncertainty brought about by the prospect of an interest rate hike or the widespread consequences of war in Europe. However, according to Chief Economist at Ray White, Nerida Conisbee, these are…
Read more
One of the great surprises of the pandemic has been the resilience of commercial office rentals with new data from the Property Council of Australia showing demand is increasing. While the national office vacancy rate rose from 11.9% to 12.1% during the six months to January, it was due to an increase in supply rather…
Read more
The latest data is busting the myths that COVID-19 had destroyed the commercial property market according to the Chief Economist at Ray White, Nerida Conisbee. Nerida says fears that commercial vacancy rates would skyrocket and lease incomes nosedive had been well and truly busted with even retail and commercial office space performing better than expected,…
Read more
Business confidence has returned to the positive levels that it was at before COVID-19 struck, according to Roy Morgan. The Roy Morgan business confidence index was 101.5 in January 2022 which compares to 101.6 in January 2020, just before the pandemic started. The performance of the index charts the highs and lows of the pandemic,…
Read more
Consumer spending has begun to rise as pandemic restrictions ease and Australians emerge from lockdowns. The latest data from the Australian Bureau of Statistics show both sales and profits are improving as consumers become more comfortable in crowds and start to get out and about again. Business turnover increased month-on-month in 12 of the 13…
Read more
First Home Buyers can now use more of their superannuation to buy a home with new changes to the First Home Super Save Scheme introduced by the Federal Government. First-time buyers will now be able to increase their savings in the First Home Super Saver Scheme from $30,000 to $50,000, making it easier to save…
Read more
Building and renovation costs continue to rise, making it more important than ever to budget accurately. Construction costs in Australia rose 7.3% in 2021, according to the latest Cordell Construction Cost Index. It’s the steepest rise since 2005 and a lot of the blame is being placed on the Covid pandemic. The index – owned…
Read more
Demand for home loans continues to run at record levels, according to the latest ABS figures. New mortgage commitments were 4.4% higher in December, totalling $32.8 billion. These results were accompanied by a 5.3% rise in the value of home loans compared to November 2021. If you’re considering whether to refinance your existing property or…
Read more
Selling your home in early 2022 could be the perfect time to maximise the value of your property and take advantage of record-low interest rates, says the Chief Economist at Ray White, Nerida Conisbee. With demand for property still powering ahead after a stunning 2021, Nerida believes you should act decisively if you’re thinking about…
Read more
