After much anticipation, the Andrews Government has announced some significant easing of restrictions, effective from midnight on Sunday 6th December. As of this latest update, First Choice Business Brokers is happy to announce that we are welcoming back walk-in clients, no appointment necessary!
For the hospitality industry, up to 25 patrons are now permitted in a venue before the density quotient must apply (1 person per 2 sqm), and face coverings are no longer mandatory in cafes and restaurants. More patrons can now enjoy genuine, face-to-face services, indicating a welcome change and a bright outlook for the hospitality industry.
For the real estate industry, opens for inspection are now permitted and auctions may be conducted indoors or outdoors, given that they adhere to the density quotient. This is an encouraging sign as engagement and enthusiasm in the property market continues to rise.
Stronger-than-expected household consumption and additional policy support has upgraded the GDP forecast from August, with the GDP expected to return to its pre-pandemic level at the end of 2021. In November, the Reserve Bank cut interest rates to a new record-low of 0.1 per cent and is not expected to increase this for at least 3 years. This is a prime time to buy into a business or property with an abundance of valuable opportunities on the market right now.
Under these conditions, we at First Choice have had an increasing volume of sales and business enquiries over the past 2 weeks, indicating a positive trajectory as we head into Christmas and the New Year. We thank you for your patience and support throughout this pandemic. Now, it is time for us to assist you in your business and real estate ventures.