The fundamental purpose of residential property is the provision of shelter (for owner-occupiers and tenants). For this reason, the property asset class doesn’t posses the volatility that share markets can have. This is where the age-old phrase ‘safe as houses’ originates from.
In this video, Propertyology provides some clarity on current property market conditions. Head of Research, Simon Pressley, articulates why Australian real estate fundamentals are still the best they’ve been for more than decade. Simon’s sensible commentary also steps us through a very good demonstration on the dynamic between property sellers and buyers and how things are likely to unfold for the remainder of 2020.
At a time when there are so many general announcements and daily changes to everyone’s routine because of Covid-19 containment measures, it’s important that we all have good quality information, that we have clarity, and that we keep everything in perspective. Panic and fear helps no one. Once you’ve watched this informative video, you might also like to do a good deed for society and share this within your own networks.
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