Market Essentials - February 2021

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Market Essentials - February 2021

As we enter 2021, the real estate sector, predicted to crash and burn in 2020, is stronger than ever. Despite the ‘mortgage-holiday’ expiring in March 2021, experts predict that demand will remain at elevated levels, with more investors expected to return to the market.

Whether it was working from home, home-schooling or ‘lockdown’, the pandemic changed forever what buyers are searching for in a home. Buyers are now looking to regional and coastal areas for their next forever home or rental, and ‘study’ was the most searched keyword on realestate.com in the second half of 2020. Buyers and renters will prioritise work from home spaces and properties with flexible living spaces in 2021, in the event another lockdown is on the cards.

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Market Essentials - December 2020

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Market Essentials - December 2020

On December 1, 2020, with almost all state borders reopening, the real estate rebound is expected to continue. While experts predicted doom and gloom for the market throughout this unprecedented year, it seems that nothing can stop the real estate juggernaut as 2020 draws to a close.

ABS data shows that owner-occupier lending has now hit an all-time high. Westpac Chief Economist Bill Evans also predicts that the market will consolidate its losses between April and June 2021, with the market tipped to accelerate and expected increases of around 15% over the remainder of next year.

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Market Essentials - October 2020

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Market Essentials - October 2020

Despite phase one of the Federal Government’s Covid-19 stimulus coming to an end this month, there’s been a positive turn in housing market sentiment. Consumer confidence has increased, and according to Core Logic, new listings rose, with six of the eight capital cities recording a rise in home values over the month.

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Market Essentials - September 2020

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Market Essentials - September 2020

While the property market is not immune to the Covid-19 economic fallout, sellers are returning. According to Core Logic, most plan on selling for “lifestyle reasons rather than economic hardship”. It’s expected that buyer confidence will increase over the coming months and that well-located homes and investment properties will attract healthy competition at auction.

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Market Essentials - August 2020

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Market Essentials - August 2020

This month the Federal Government announced the extension of the JobKeeper program for a further six months, along with the JobSeeker supplement also being extended.

Combined with more targeted extensions to the ‘mortgage holiday’ on repayments, many Australians will be breathing a sigh of relief as they’re given additional time to manage their financial affairs through the pandemic.

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Market Essentials - July 2020

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Market Essentials - July 2020

Downwards pressure on home values has remained mild to-date, with capital city dwelling values falling a cumulative 1.3% over the past two months. A variety of factors helped to protect home values from more significant declines, including persistently low advertised stock levels and significant government stimulus. Additionally, low-interest rates and forbearance policies from lenders have helped to keep urgent sales off the market, providing further insulation to housing values.

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