COVID-19: What will Australia’s recovery look like?

April 17, 2020

 

The Prime Minister Scott Morrison says Australia is “many weeks away” from easing coronavirus restrictions as the country works towards flattening the curve. While we wait for social distancing measures to be relaxed, it’s worthwhile considering what our economy will look like post COVID-19........

 

While real estate is still open for business during COVID-19, people aren’t used to buying sight unseen – although agents are now adopting the use of virtual tours.On the flip side, people are confined to their homes, which means they not only have more time to look at properties, but they also might be looking for a change of scenery. As mentioned, search activity on the Buy section of realestate.com.au is down from its peak in February, but it’s up 14 per cent compared to this time last year, which suggests there is demand out there.Overall, it is reasonable to expect that pent up demand, alongside record low interest rates, will boost the property market once normalcy returns.

 

https://www.realestate.com.au/news/covid-19-what-will-australias-recovery-look-like/?rsf=edm:nl:weekly:a1

 


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