As we head into 2022 the property market is again having to be adaptable as the country battles the Omicron strain of COVID-19.
Melbourne’s city office towers are basically sitting empty as the state capital rides out the current coronavirus lockdown.
Melbourne’s extended lockdown will see hundreds of vendors cancel property sales as the winter auction season comes to an end.
Melbourne house hunters who are looking to buy in the regions may be blocked from personal inspections after a regional NSW town was locked down after such a COVID case.
Melbourne has been plunged into a fifth lockdown and Melbourne’s property market has again moved online to cope.
The pandemic has put a ‘COVID premium’ on house prices and KPMG have done the numbers.
Inner-city Melbourne apartment rents are in freefall thanks to the COVID-led dearth of tourists and students and an exodus of renters to the suburbs and regions.
International border closures are driving a spike in swimming pool construction while people are being forced to ‘holiday’ at home.
Australian expats looking to escape coronavirus-riddled countries are driving demand in prestige property
The dire situation with COVID-19 in places like the USA and UK is seeing Australian expats keen to get out and return home throwing big offers on luxury property without even seeing them.
Australians are cashed up after saving their pennies during lockdown and will be ready to buy property in 2021, no doubt sending house prices skyward.