Interest Rate Shifts: What They Mean for Today’s Real Estate Market

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.

CoreLogic's head of research, Eliza Owen, has published a new report looking at Australia's regional property markets, which are currently experiencing booming conditions. The report  shows that the Illawarra is out-performing capital cities and other regional area's on a 10 year annualised growth rate in NSW. 

Across the globe it has been a chaotic year but Australia has fared well and survived the roller coaster ride so far.