“It seems that the confidence in the Australian housing market as with the stock market crashed in the first quarter of the year when everything looked like it was going to be terrible with COVID-19,” he said. “As the country fairly effectively managed the pandemic here compared to other countries … confidence seemed to return to the market and house priced have continued to increase”.
“Now it’s a better time than ever for first home buyers really because you have low interest rates, you have lower prices, you have government incentives … lowering that bottom rung of the housing ladder,” he said. “One thing to look out for in the change of trends … now that people are working from home more often, we’re seeing house prices increase more dramatically in more rural areas and slower in the city.