Cheap access to credit, a newfound popularity of working from home and an affordability advantage has contributed to Australia’s 25 largest non-capital city regions achieving a record increase in house values in the past year.
Effectively immediately Megan Mander, who has extensive industry experience and was recently elected to the board of the Real Estate Institute of Victoria, will join MMJ Melbourne’s current directors Joel Wald and Allison Brudenell, in driving the continued development of MMJ throughout Victoria.
Australia’s booming property market has reached record highs in the face of extended lockdowns and growing affordability constraints, resulting in the strongest annual growth in more than 30 years.
The Delta outbreak has interrupted the recovery of the Australian economy and GDP is expected to have declined materially in the September quarter. The outbreak is affecting many parts of the economy, but the impact is uneven, with some areas facing very difficult conditions while others are continuing to grow strongly.