Tag Archives: downturn
Commercial Construction
Outlook Remains Soft
Posted on 07. Oct, 2009 by Chris Lang.
While Australia’s overall business expenditure has remained fairly strong, our Commercial construction and infrastructure outlays are expected to decline by at least 10% this financial year.
BCI Australia is forecasting project construction of some $63 billion 2009-10, which is about $7.7 billion down on that for 2008-09.
In all but for Victoria and South Australia, there was […]
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Do You Remember Back Then … ?
Posted on 05. May, 2009 by Chris Lang.
In an earlier article, I gave you a bullet-point comparison of how things are NOW … compared to the early 1990s … in relation to Commercial property.
Anyway, here are some very revealing graphs — based upon figures from the RBA.
Back in the 1990s, the banks were burdened with a heavy corporate exposure; and interest rates […]
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How to Interpret the Conflicting Signals
Posted on 16. Apr, 2009 by Chris Lang.
Over the past weeks, I’ve posted several articles suggesting things are starting to improve — and more particularly, here in Victoria.
Since the low point on 6 March, the Australian stock market has enjoyed roughly a 20% improvement. And that has also been reflected on Wall Street.
However, we then received the recent announcement of unemployment […]
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CBD Office Markets
Posted on 27. Mar, 2009 by Chris Lang.
As a result of the global financial crisis … sales of Melbourne CBD Offices fell in 2008 (to $425.2m) from the level achieved in 2007 (of $850.9m) — according to research released by CBRE.
Institutional buyers and REITs have virtually withdrawn from the market … leaving private syndicates, wealthy families and overseas buyers to transact most […]
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Demand Finally Surfaces!
Posted on 13. Mar, 2009 by Chris Lang.
The pent-up demand for housing serves to underline that this downturn is more like the credit squeeze of the mid-1970s, than the recession of the early 1990s.
It’s principally a confidence thing.
However, the recent surge in purchases by first-home buyers confirms that with the encouragement of low interest rates and government hand-outs … the buyers will […]
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You May be a Doubter … But I say: “Yes, we can!”
Posted on 23. Feb, 2009 by Chris Lang.
The Weekend Financial Review ran several articles, which seemed to echo many of the sentiments contained in my last blog about the Capital City Markets — but perhaps putting things a little more bluntly.
Brisbane
Mark Ludlow (on page 2) referred to Queensland as having moved from “boom state to gloom state” — because of its heavy […]
