Date Time
Lockdown over but plan to revitalise Melbourne urgently needed
The Property Council of Australia has welcomed today’s announcement by Premier Daniel Andrews that the current lockdown, Melbourne’s fifth, will be lifted at midnight.
The Victorian Executive Director of the Property Council Danni Hunter said the end of the latest lockdown would give the city an opportunity to resume its recovery and build towards a post-pandemic future.
“Victorians should be proud to see the latest outbreak come under control, but the ultimate task is now up to all of us to roll up our sleeves. Vaccination is the only pathway out of this pandemic and the only pathway to full economic recovery for our state,” she said.
The Victorian Government has given itself a massive 13 per cent pay rise this year thanks to increased property taxes and new taxes on families, jobs and.
Thousands of Victorian families to be slugged by increases to stamp duty and land tax skynews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from skynews.com.au Daily Mail and Mail on Sunday newspapers.
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.
Date Time
Office occupancy falls again as Melbourne feels bite of circuit-breaker lockdown
Melbourne’s office occupancy fell to 24 per cent in February, as the city’s circuit-breaker lockdown stalled confidence in Victoria’s return to office plans.
The Property Council of Australia’s February Office Occupancy Survey released today, shows a decrease from 31 per cent in January, although the figure has risen from 12 per cent in December after reaching a low of 7 per cent in October.
Despite a fall in the number of people returning to the office in the face of the most recent outbreak in January, the Government restarted the safe and progressive roadmap to reopening offices, with up to 75 per cent of public and private sector employees now able to return to the office from 1 March 2021.