Blog Posts

Specialty retail, hairdressing and beauty salons lead shopping-strip revival - 02/2024
Shopping strips in Melbourne have rebounded handsomely from the pandemic slump, recording the lowest vacancy rates ever seen.From Brighton to Moonee Ponds, Armadale to Carlton, Richmond to Camberwell, boutiques, stores, cafes, restaurants, hairdresse...
Happy New Year 2024! - 01/2024
Wish you joy, peace, and cheer this New Year. Thank you for choosing New Century!
Commercial real estate in 2023: Industrial rides out the storm as office and retail suffer - 12/2023
For commercial assets, 2023 was a generally gloomy year with a few bright sparks.While industrial real estate proved the asset class most resilient to the interest rate hikes, office rents fell, and retail continued to struggle, although there were s...
‘Priced out’: warning to landlords - 11/2023
Renters warn landlords that more rental rises will max them out of the market entirely, new research has revealed.As renters face the largest annual rise in rents in 15 years, new data shows three in four renters are concerned about how they are goin...
Commercial real estate sector primed for strong growth in 2024, experts predict - 10/2023
After a year of post-pandemic readjustment and recalibration, good times are just around the corner for the commercial real estate industry in Australia, one of the country’s leading investment bankers has forecast.On Monday, Morgan Stanley Australia...
What type of commercial property should you buy as a first-time investor? - 09/2023
Commercial property investment is a much more complex market than houses and apartments, with a lucrative upside but also significant downside if you choose poorly, warns Savills Victoria CBD and metropolitan sales state director Clinton Baxt...
Got a small business? Here’s how Australia’s market leaders became so successful. - 08/2023
Building a successful small business is one of the most exciting and rewarding experiences you can have, but where do you begin? Sound advice is hard to come by. Budding small business owners often don’t have the luxury of a strong mentor or rol...
Interest rates have risen again, here's what they're likely to do next - 07/2023
Mortgage holders have been told to expect another hip pocket hit this year, with experts predicting the Reserve Bank’s 12th cash rate hike is unlikely to be its last, while impacts to property prices remain doubtful as a shortage of listings and...
‘It’s bleak’: Why you might be struggling to keep pace with rent rises - 06/2023
Apartment rents across Australia have increased six times faster than wages and house rents have climbed at triple the rate, leaving many tenants struggling to make ends meet.Median weekly asking rents for apartments in the capital cities rose 22.2 p...
Son turns family’s Sydney restaurant Mt Lewis Pizzeria into $1m success using TikTok - 05/2023
A young Sydney man quit his job as a mortgage broker to transform his family business into a million dollar success.Jason Tarraf Shalala’s parents came to Australia from Lebanon decades ago and his dad was working as a stonemason but a serious accide...
15 Most Profitable Business Ideas in Melbourne - 04/2023
Melbourne, the second-most populous city in the state of Victoria lies in the southeastern part of Australia, It is the center of several business and industrial activities. It is without saying, Melbourne is one of the best places in the country to...
Retail rebounds after a dire December, latest data shows - 03/2023
Australia's retail sector has bounced back after a grim December had shopkeepers fretting about the future of their businesses.Retail turnover rose 1.9 per cent in January, according to the latest data from the Australian Bureau of Sta...
Property prices are falling. Don't freak out, or get excited! - 02/2023
Don't freak out about falling house prices.But don't get too excited about potential bargains either.The median price of dwellings (houses and units) has fallen 1 per cent in the past month, 7.2 per cent in the past year. In some places the falls are...
Ten New Year’s Resolutions For Small Business Owners In 2023 - 01/2023
As the calendar flips to January and another new year begins, a new year brings hope and new possibilities. Now is the perfect time to reevaluate your business and establish goals for 2023.With that in mind, here are my top ten New Year's Resolutions...
Did your business thrive during the pandemic but is now slowing down? Here’s how to rediscover success - 12/2022
For all the havoc this pandemic has wreaked on the business community, there were some silver linings. Incredible businesses were born and others galvanised their workforces to find success amid the chaos. But as the pandemic fades and Australians st...
Retailers ‘cautiously optimistic’ for Christmas shopping despite cost of living pressures - 11/2022
Retailers are cautiously optimistic that consumers are ready to embrace holiday spending this Christmas despite rising cost of living pressures but it will be down on previous years, according to new research.The 2022 Deloitte Retailers’ Holiday Surv...
Goodwill impairment blows out Toys“R”Us ANZ losses - 10/2022
The Australian operator of toys and hobbies brand Toys"R"Us has today reported its full year results for the period ending 31 July, detailing how the company overcame a flat market for the toy segment and ‘challenging’ trading conditions generally.Th...
Aussie property ‘collapse’ speeding up, according to Commonwealth Bank - 09/2022
A new graph shows the dramatic fall of house prices across all capital cities - with the peak expected in coming months.Australia’s property prices have continued to plummet as experts predict the mass downturn is still far from over.New figures reve...
David Koch explodes at Reserve Bank over interest rate rises - 08/2022
Sunrise host David Koch has unleashed on the Reserve Bank of Australia, lashing its previous public comments on interest rates as “negligent”. In an interview with Treasurer Jim Chalmers, Koch said Aussies were previously told by RBA Gover...
First home buyers told to move despite continuing property price growth - 07/2022
Although the real estate market is beginning to cool after rapid growth, there’s another big problem looming for first home buyers.Dr Lowe remains vague on the timing of a rise in the cash rate but says a move later this year is “plausible”. “Int...