Wow! what a year 2020 has been. It’s not just the property industry sector but all economies got hit. Some, more than others. It’s not just Australia but the world economy which has been impacted by this. We are all impacted by it one way or another. But we are strong and resilient. As they said “When the Going Gets Tough, the Tough Get Going” - when there are problems, strong people work hard to solve them.
Looking back at Master Capital Group, we have had our fair share of challenges due to the COVID-19 state restrictions and lockdown, project delays, funding obstacles, investor confidence - lack of confidence, events and face to face networking on hold, compliance and regulations tightening, and many other challenges.
In spite of the challenging year, the team at Master Capital Group managed to focus on what can be done instead of what can’t be done. Internally, we have introduced and implemented many procedures including, IT security, staff effective communications and collaboration via online tools like TEAMS, OneDrive, SharePoint, Planner appt, and many online collaboration tools. On the investor front, we have kept our investors and clients informed via our daily social media posts (LinkedIn, Facebook, and Instagram), a new-modern-design newsletter, TEAMS/Zoom meetings, LIVE webinar with various property industry experts. On the professional networking partner front, we have constantly communicated with our partners via TEAMS meetings and LIVE webinar collaboration, and virtual networking.
Looking to 2021. It’s going to be a great year. Some positive sign of economic recovery is well underway. Building approvals hit a record high, First home buyers at 10-year high, record lower interest rates, 50 lenders offering home loans under 2%, Melbourne overtakes Sydney as the busiest city for auctions in November, Victoria passed down its 2020-21 state budget, revealing a host of support measures intended to stimulate the housing market and building industries, including stamp duty discounts of up to 50%, expats returning to property market. The country's third-largest mortgage lender says the housing market has turned a corner, it now expects property prices to rise 9 per cent next year, survey shows Aussies see property as safest investment. Nearly one in two Australians believe property is a more secure long-term investment class than shares, gold, cash and fixed interest, according to the results of a recent nationwide survey, the federal government's HomeBuilder scheme continues to support property market sentiment, with Victoria recording the highest application numbers among all states, Australia's Budget 2020 paid special attention to the residential building industry and how it can help in the country's economic recovery in the wake of the COVID-19 pandemic, experts say. Adrian Kelly, president of the Real Estate Institute of Australia, said the Budget 2020 was able to provide an "encouraging outlook" for all the stakeholders in the property market.
Victoria eases Covid restrictions again as it reaches 37 days without a case. Australia’s vaccine agreements. Australia has entered into 5 separate agreements for the supply of COVID-19 vaccines if they are proved to be safe and effective. This is promising for 2021.
Again, from the team at Master Capital Group, we are excited and looking forward to working and collaborating with you moving into a COVID-normal 2021. We also like to thank you for your continued support in this challenging year 2020. We wish you and your family a prosperous, healthy, and happy Christmas and new year.
To your continued success.
Master Capital Group
