The ASX has communicated to all market participants of an industry-wide ASX settlement failure that occurred on Friday the 20th of December. This failure has meant that CHESS was not able to complete market settlement on Friday and has deferred settlement to Monday the 23rd of December. For those clients who had sell trades settling on Friday we have ensured those sale proceeds have been made available to you for trading on Monday. Stock delivery for clients who had buy trades settling will need to wait until Monday before the shares become available to sell. We apologise for any inconvenience this ASX outage has caused.
The outlook for australian property – houses, apartments, regional and office
Lockdowns and economic uncertainty stemming from Covid resulted in predictions of falls of up to 30% in the Australian residential property market. Fears for office property were much, much worse, with only 10% of office workers returning to Melbourne’s CBD late this year. As the year ends, however, forecasts are looking much more positive.
Nab’s Chief Economist Alan Oster talks about his forecasts and:
- Why house prices are looking much more positive for 2021
- Which areas of Australia are most likely to experience price rises, and which are not
- How commercial property is fracturing as the workforce shifts and
- What to keep an eye on as an investor.
Apologies for the reduced audio quality of this recording – remote working is sometimes dependent on less than ideal recording scenarios.
