Written by Emma Allen on May 8th, 2020
NEW Web-series: ‘Property investing beyond Covid-19’
by Emma Allen
We’ve now seen the first steps to relaxing some restrictions including the easing of property inspections and onsite auctions from this weekend. Even with health guidelines like social distancing, this change will greatly allow an increase of participation for both buyers and sellers.
Corelogic released it’s April housing stats this week which noted Sydney median prices rose by 0.4% and Brisbane by 0.3% with Melbourne decreasing by -0.3%. They’re relatively small movements in the big scheme of things as property values have remained resilient during these past two months.
The longer-term impact of COVID-19 on property will be dependent on how the economy recovers. As the focus shifts towards rebuilding at a pace that sensibly manages the health situation, there’s a chance that people returning to work, government stimulus, fast-tracking infrastructure projects and state initiatives will help cushion the impact.
We are starting to see consumer sentiment grow and for those who have been preparing to invest, now is the time to seize the opportunities that are arising!
Join our upcoming webcast ‘Property investing beyond COVID-19’ at 6pm Wednesday 20 May! We’ll be discussing how the property market is shaping up and how to successfully navigate and capitalise on the current environment. A discussion suitable for new and experienced investors.
Book your place today! RSVP at email@example.com before Mon 18 May 2020
In the meantime, if you have any questions or would like to know more about changes in the market, please contact our team on 1300 449 974.