Dye & Durham hosts VIP Australian Economic Outlook Luncheon
From impacts of COVID-19 to Australia’s economic recovery plans, the future of the Australian property market and global legal technology trends, Dye & Durham hosted a VIP luncheon at W Hotel Melbourne on 24 March 2022 to discuss pertinent issues happening in Australia and across the globe.
“Household spending rose 6.3% in the December 2021 quarter, recovering from the 4.8% fall in September and exceeding pre-pandemic levels for the first time, which suggests that Australians have started to resume spending post-pandemic” says Peter Maloney, Managing Director of Dye & Durham. “In the December quarter, Australia’s GDP was at 3.5% heading to 4%, putting Australia in the best position over any other advanced major economy. This is proof that Australia is recovering well from the COVID-19 pandemic.”
Peter Maloney, Managing Director, Dye & Durham
“As a result of the COVID-19 pandemic, there was an instant adoption of virtual home inspections,” said Nicola Powell, Chief of Research & Economics of Domain and Nicola also stated that “Sydney house price growth soared with a 33.1% annual change increase in 2021 and there is a rising proportion of sales by auction Australia-wide in 2021”.
Nicola Powell, Chief of Research and Economics, Domain
VIP guests of Dye & Durham were provided with insightful Australian property and economic updates and global legal trends over the 2-hour luncheon and they thoroughly enjoyed the thought-leadership panel discussion consisting of Nicola Powell, Peter Maloney and Matthew Proud, CEO of Dye & Durham Corporation.
Panel Discussion: Peter Maloney, Nicola Powell, Matthew Proud