Date Time
Victorian confidence lags nation, with medium-term outlook improving
The latest ANZ/Property Council of Australia industry confidence survey highlights Victoria is lagging behind the rest of the country with a long way to go on the path to recovery.
Property industry confidence in Victoria is the lowest in the nation at 124 index points for the March 2021 quarter – below the national average of 142 index points. A score of 100 is considered neutral. However, medium-term outlook in Victoria is turning positive, with Victorians optimistic that the COVID-19 situation will improve over the next three months.
While Victorians demonstrated the lowest state growth expectations in the nation, they also reported the highest level of expected growth for Victoria since June 2018. Victorians also reported an improvement in capital growth expectations across all sectors, with the exception of the hotel sector, for the next 12 months.
Why a 4pm Friday knock-off could spell good news for property realestatebusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realestatebusiness.com.au Daily Mail and Mail on Sunday newspapers.
Published March 9, 2021
To sign up for our daily newsletter filled with the latest news, goss and other stuff you should care about, head HERE. For a running feed of all our stories, follow us on Twitter HERE. Or, bookmark the PEDESTRIAN.TV homepage to visit whenever you need a news fix.
A new plan has been proposed that would see all city workers in Melbourne’s CBD getting a 4pm Friday knock-off and free public transport in an attempt to revitalise the city’s nightlife post-COVID. So, uhh, did somebody say knock off bevs?
The new proposal comes from the Property Council of Australia, who are pushing for state and local governments to introduce a “Fab Fridays” programme to get workers back in the office, and subsequently, back at the pub come 5pm on a Friday.
Fab Fridays to showcase Melbourne at its best as workers return to offices miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
The nation’s office vacancy rate has tapped its highest level in more than two decades, increasing over the past six months to 11.7 per cent – a mark not reached since January 1997.