Be ready to make a move
The economic damage and uncertainty resulting from the coronavirus has derailed the property plans of thousands of Australians. Or has it? Experts can’t agree.
Research released in early May from comparison website Finder shows that 24 of 42 economists and finance experts (57%) believe now is not a good a time to buy. Twenty-five economists felt that house prices in capital cities could drop between 6.4% and 10.5% by 2021.
While there are differing views about the short-term future, there’s also evidence to suggest not all is lost for those wanting to buy a home.
Glenn Wealands, head of client experience at Rabobank, says that for people who were ready to buy a home pre Covid-19, or were looking to buy in the next six to 12 months, those dreams haven’t been dashed.
“When looking at 10 years of data from our Financial Health Barometer, the 2020 results show that a record
