Cheap access to credit, a newfound popularity of working from home and an affordability advantage has contributed to Australia’s 25 largest non-capital city regions achieving a record increase in house values in the past year.
Cheap access to credit, a newfound popularity of working from home and an affordability advantage has contributed to Australia’s 25 largest non-capital city regions achieving a record increase in house values in the past year.
Australia’s booming property market has reached record highs in the face of extended lockdowns and growing affordability constraints, resulting in the strongest annual growth in more than 30 years.
The Delta outbreak has interrupted the recovery of the Australian economy and GDP is expected to have declined materially in the September quarter. The outbreak is affecting many parts of the economy, but the impact is uneven, with some areas facing very difficult conditions while others are continuing to grow strongly.
In association with the NSW Premier’s press release today, MMJ Commercial are proud to announce that the ex David Jones store in Wollongong will be established as a Mass Vaccination Hub by the State Government as a matter of absolute priority.
Take a look at how the real estate sector is set to benefit from Josh Frydenberg and Scott Morrison’s post-pandemic spending statement released yesterday.
CoreLogic’s national home value index recorded a 2.8% rise in March, the fastest rate of appreciation since October 1988 (3.2%). These exceptionally strong growth conditions remain broad-based, with values rising by at least 1.4% across each of the capital cities and ‘rest-of-state’ areas over the month.