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Australia’s industrial property market: A rising star
Australia's industrial property market has emerged from obscurity to become a significant player in recent years. The exponential rise of e-commerce and international trade dynamics drives its impressive growth. The rapid shift towards online shopping, amplified by...
Hard Insurance Market: Spotlight on Asset Value Declarations
The global insurance market has recently entered a hardening phase, marked by reduced capacity, increased premium rates, and stricter underwriting criteria. This challenging environment has shifted the spotlight onto asset value declarations from underwriters and...
Introducing Asset Valuation Advisory
We are excited to announce that Griffin Valuation Advisory has officially rebranded. We are now officially Asset Valuation Advisory. This monumental change represents a significant milestone in our company's history as we continue to evolve and grow. As we arrive...
International Cybercrime activity and its impacts on business interruption
Cybercrime has been a major concern for businesses globally in recent years. The increasing reliance on technology has resulted in an increased number of cyber-attacks, causing widespread business interruption and resulting in significant losses. Cybercrime is a...
Low unemployment causes a very tight labour market, and the flow-on effect to cost to consumers
The unemployment rate in Australia, particularly in Western Australia, has been consistently low in recent years. As of January 2023, the unemployment rate in Western Australia is at 3.5%. This low unemployment rate has led to a very tight labour market, where...
What are the current inflation pressures?
As of October 2022, Australia’s inflation rate has been recorded as the highest in over 32 years. The high inflation levels can be attributed to the knock-on effects of the pandemic, the war in Ukraine and stronger consumer demand. The most prominent price hikes...
Key insights on rising construction costs
The costs within construction have increased drastically over the last few months. This is undoubtedly driven by inflation, but it can also be noted that factors such as economic stimulus, supply chain issues, material availability and shortage of skills are all...
Our comment on interest rate increases and their impact on costs
Earlier this year, the Reserve Bank of Australia (RBA) lifted the cash rate for the first time in over 11 years. The economy is growing strongly; unemployment is at its lowest in 48 years, inflation is at an all-time high and wage growth is accelerating. Forecasts...