Herron Todd White Property Report

The 2021 residential property market in Australia has been characterised by some of the strongest conditions that we have ever seen. What sets this year apart is that strong price growth has been experienced in most market segments (geographically, by price point and dwelling type).

The strength of the market is largely due to our reaction to COVID. That reaction included expansionary fiscal and monetary policies including the cutting of interest rates, and government stimulus initiatives. However, there were also lifestyle changes that have had a profound impact on the demand for residential property. Working from home has reduced transport costs for many and there have been reduced opportunities for spending on entertainment and travel due to lockdowns and travel restrictions. As a result, there has been an increase in household savings.

Source: https://www.htw.com.au/

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