News

4 out of 5 office building owners aren’t expecting occupancy levels to rise any time soon, as Melbourne’s white-collar workplaces sit largely empty

Four out of five office building owners and managers don’t believe occupancy levels will rise significantly in the coming months, the Property Council of Australia says. In May, Melbourne’s white-collar workplace occupancy was just 45% of pre-pandemic levels, while occupancy rates were stagnant around much of the country. Sydney marked […]
4 out of 5 office building owners aren’t expecting occupancy levels to rise any time soon, as Melbourne’s white-collar workplaces sit largely empty
Markets

Sydney property prices are tipped to rise by more than $216,000 this year – while experts say risky loans remind them of the GFC

Economists have predicted Australian property prices will continue soaring throughout the remainder of the year on the back of record low interest rates. Sydney is expected to lead the market higher, with prices finishing the year 21%, or $216,300, higher. Meanwhile some economists warn the Morrison government’s loan guarantee scheme […]
Sydney property prices are tipped to rise by more than $216,000 this year – while experts say risky loans remind them of the GFC
News

Melbourne Lord Mayor pleads for state and federal support as the 7-day lockdown threatens to erase $1 billion in retail trade alone

Melbourne’s Lord Mayor has called for State and Federal Government support to protect businesses through Victoria’s seven-day snap lockdown. The closures, designed to stem Victoria’s latest COVID-19 outbreak, is expected to cost $1 billion in economic activity. The State Government is reportedly considering a $200 million package to buoy small […]
Melbourne Lord Mayor pleads for state and federal support as the 7-day lockdown threatens to erase $1 billion in retail trade alone
News

Victoria will go into another 7-day lockdown from midnight as the latest COVID-19 cluster grows to 26

Victoria will enter a seven-day lockdown from midnight Thursday, in response to a worrying new outbreak of COVID-19 within the community. “Unless something drastic happens, this will become increasingly uncontrollable,” Acting Premier James Merlino said. The state counted a further 12 locally-acquired cases of COVID-19 overnight, bringing the recent cluster […]
Victoria will go into another 7-day lockdown from midnight as the latest COVID-19 cluster grows to 26
News

Victoria’s major universities have collectively posted more than $100 million in losses since the border closure last year

New financial reports show some of Victoria’s major universities dipped tens of millions of dollars into the red over 2020. RMIT, Swinburne, and La Trobe are among the tertiary institutions to post sizable operating losses, linked to COVID-19 shutdowns and border closures. Some universities posted operating surpluses, but further disruption […]
Victoria’s major universities have collectively posted more than $100 million in losses since the border closure last year