News

10 common mistakes to avoid when buying commercial property

New investors in the commercial space can easily make errors – and expensive ones – if they simply apply “residential logic” to commercial property investment. Here are 10 common mistakes to avoid when buying commercial property. Neglecting the fundamentals Arjun Paliwal, head of research and founder at buyers’ agency InvestorKit, said investors should always assess […]

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Australian Property Market is No Longer Bearish! ANZ Revises Forecast: Strong Price Growth Expected Next Year!

ANZ Bank has scrapped its expectation of a 10% decline in house prices caused by the pandemic, stating that the surge in popularity driven by stimulus measures and record-low interest rates will dampen price declines and may even result in a “moderate” increase in prices this year.

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The world is greatly surprised by Australia’s achievements in combating the pandemic and refers to Australia as the “hermit country.”

While the coronavirus continues to spread and cause chaos in many parts of the world, Australia in the southern hemisphere has successfully controlled the pandemic. Countries around the world are amazed by Australia’s achievements in fighting the virus.

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Property Market | Buyer Enthusiasm Unaffected by Lockdown! Melbourne’s Auction Clearance Rate Rebounds!

During the first weekend following the implementation of Stage 4 restrictions, Melbourne witnessed a preliminary auction clearance rate of 73%. Despite the increased uncertainty caused by strict limitations, many sellers brought forward their auction plans.

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International organizations forecast optimistically for Australia, and what we need is to maintain mindfulness and confidence.

According to the International Monetary Fund (IMF), the global economy is experiencing the most severe recession since the Great Depression of the 1930s, and it is expected that the Australian economy will also contract significantly this year.

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