Home-owning dream on hold as Tasmanian property market braces for coronavirus hit

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Ella and Thomas were all set to buy land in southern Tasmania and build their first home — until the coronavirus pandemic forced a change to their plans.

Breaking down the latest news and research to understand how the world is living through an epidemic, this is the ABC's Coronacast.

"I think prices will slow down, there won't be the increases that we've been seeing over the last quarters that we've been reporting from the Real Estate Institute, but I certainly don't see a bubble bursting," he said. "We're coming off a very low base in relation to the amount of properties on the market; the most recent numbers I heard were just under 12,000 properties for sale. Across the state, we're going to be relatively sheltered from it for a period of time."

 

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Lucky escape. Maybe do some in demand work such as heath care, grocery, Logistics or pharmacy and save every penny whilst living back with your parents. You might score a bargain in the aftermath 👍🏻

Who wants to live in that shithole.

Prior to the Pandemic there was a huge shortage of rental properties available in Tasmania and it was allowing shonky real estate agents to act illegally when choosing potential tenants. How the tables have turned.

WTF the reason they didn’t leverage up on a house was because of mortgage insurance!! Not because they would be jobless with negative equity in about 5 mins....

Property investor/landlord dream on hold As endless stream of immigrants is temporarily halted

Can you foresee any reason that would stop you from paying your mortgage ? Well I can think of one...

They’ll be cheap

The Premier would pay for your home! No need to work, we stay in refugee camp and get dole. That’s what the Premiers and their so called highly paid chief medical officers want us to do.

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