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In COP26 earlier this year, the world leaders came together and agreed on the way forward for a more sustainable future, together with initiatives that governments and countries around the world is committing to follow. Even though the initiatives are far-reaching and out of any individual’s direct scope, we must all take part and pull our own weight in order to collectively reach the ambitious targets that have been set for years to come. (more…)

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With over half the population under lockdown restrictions across multiple states in Australia, the outlook is grim for the rest of the year as the crisis deepens across all business sectors. Victoria has now crossed a grim milestone of 200 lockdown days since the beginning of 2020. As resilient as any business or industry can be, it is impossible to be immune to such a globally catastrophic event. (more…)

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In our last article, we discussed the impending supply chain crisis and how that can start to cause major havoc and disruptions to many sectors, in particular the construction industry. The rippling effects of the supply chain disruptions are now well underway with many builders feeling the painful pinch of having to honour fixed price contracts whilst basic materials such as timber skyrocket in prices. (more…)

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We are at crossroads and within an arm’s length to falling off a cliff towards the disparity between supply and demand of raw materials. The stimulus-fuelled demand for real-estate and straining supply chain as disruptions continue to pose challenges globally is coming up to an almighty squeeze as raw materials are being depleted at a rapid rate. This will have a significant impact on various industries with the construction industry being the centre-piece of the crisis. (more…)

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Crossing paths with tradies is unavoidable, whether you are actioning renovations or building a new house. How to find and identify a good one is another story altogether. Let us explore and share some useful tips on how to identify and tell which ones are better fit. (more…)

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As we approach a COVID-normal summer in Australia whilst the rest of the world struggles to contain their winter outbreaks in the northern hemisphere, the chances of Australians having a COVID-normal Christmas is increasingly likely thanks to our brutal but effective suppression strategy. This also means that businesses in the building and construction industries are beginning to go back to semi-normal operations, after a year like no other in recent history. (more…)

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As Victoria ease out of lockdown with extreme caution, the outlook and sentiment is somewhat confused and contradictory. Whilst house prices in Melbourne have softened by average of around 5% in the last quarter, many affordable pockets around greater Melbourne have surged in demand and pricing, due to its relative affordability. (more…)

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As we edge past the 2-week mark of the Stage-4 Melbourne lockdown, it is draining and extremely challenging for both businesses and everyone psychologically. Stage-4 restrictions allow for constructions to continue in a restricted manner, whilst all non-essential businesses are to be shut down and employees to work from home if possible. (more…)

Glass Bridge Victoria Lockdown Quiet

As we descend into another lockdown period of 6-weeks with the Pandemic looking like it will get worse before it gets better, many of us are left grappling what other surprises the remainder of 2020 will throw at us. The inevitable financial cliff at the end of September is just one of the things on everyone’s minds. What kind of position are you in? Do you have financial stability to be able to take advantage of downturn round 2? (more…)

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With the arrival of 2020, we brace for another eventful yet exciting year ahead. The year of 2020 will see some of the interior trends stay and mature while others move out of fashion. Below are some of top trends to watch for this year, whether you are building a new home or renovating an existing space. (more…)

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After an unchanged official cash rate since 2016, the RBA has just announced a rate cut of 25 basis points.

What does this mean for you? The answer is, it is good news for most. Whether you are a business, real-estate agent, exporters or property owners, the rate cut will put extra cash savings back into your pocket. Although with a rate drop it may improve housing affordability, it will not make a huge difference as prices has already been on a down-wards trend.

Whilst the rate drop may stabilise the real-estate economy, it still makes selling in the immediate future grim due to how much prices have dropped already in the last 24 months. The extra cash savings however will produce a nice buffer and extra budget to action more of those renovations that are months or years overdue. What better time to do renovations than when:

– You have extra cash savings from your existing mortgage due to the rate cut
– Contractors have a lot more availability due to the current housing down-turn
– House prices are slowly stabilising however are still in a dipped state

As with every change, there are always losers. In this case, the savers who has cash in a savings account will be feeling the rate cut in a negative way. Property prices stabilising may also spell trouble for First Home Buyers in terms of affordability especially in major cities like Melbourne and Sydney where current prices are already out of reach of many.

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As we move swiftly into 2019, another year comes together with all the new year resolutions that we promise ourselves to embark on between now and 2020. 2019 is going to be an interesting year for all of us, with much happening around the world.
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Whether it’s a renovation or a new house, one of the the most challenging to design for is the bathroom. It is often the area with the minimum amount of space and lighting with the most number of necessities to cram in.

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