Business Sales 2022 Mid-Year Update

The nation's central bank is due to meet at 2:30pm this afternoon when the nation's top economists could decide to increase interest rates for the first time in more than a decade.  

January 2022 was our record month for business buyer enquiries, and for the reasons outlined below we strongly believe this demand for businesses who can demonstrate future maintainable earnings will continue through the year. 

We’ve definitely seen an increase in enquiries from both Sydney and Canberra, and whilst some of these enquiries are in an early stage of investigation there are others who are ready to invest – in fact 4 of our last 6 business sales have been made to Sydney buyers.  

At MMJ Wollongong, we are lucky enough to have one of our own nominated for the IWIB Outstanding Employee Award of 2022.  Natalie Allan, consultant Town Planner has over 15 years’ experience in the development industry across real estate, property development, building design and planning disciplines.

Finalists in the 17th REIA National Awards for Excellence 2022 have been announced, with the best agencies, agents and property managers set to vie for the coveted awards. Included in this honorable list is our very own Senior Commercial Property Manager, Andrew Burrows.  

The Victorian government will distribute $100 million worth of dining, wining and travel vouchers to locals and visitors as part of a renewed attempt to kick-start the hospitality and other sectors in the wake of the Omicron variant of COVID-19.