Perth Property Update with Andrew Shue
What does COVID19 mean for the property market?
At the moment we are unable to open homes for general, group inspections here in Perth however, all of my vendors are very flexible and happy to arrange PRIVATE VIEWINGS.
At Andrew Shue Real Estate I pride myself on being flexible and making myself available to my customers at a time that suits you. And of course, with safety in mind, I am continuing to open homes for private viewings using Social Distancing whenever required. So please drop me a line anytime with your enquiry and to arrange your property inspection now.
Meanwhile - I wanted to share the latest update provided by Real Estate.com's chief Economists, Nerida Conisbee:-
"Amid the unprecedented impacts of coronavirus, Perth agents say it’s yet to impact the local housing market, with an influx of sales including a Dalkeith mansion that sold for $14 million last week.
realestate.com.au’s chief economist, Nerida Conisbee says despite the community unease and precarious economic conditions, the Australian property market has experienced little impact from the global pandemic.
“Right now, the Australian property market is taking COVID-19 in its stride,” Conisbee says.
“Search activity on realestate.com.au is still well up on last year. We may be experiencing some of the toughest economic conditions for some time but for property it is still better than what was happening last March when buyers and sellers were showing strong concern about the Federal election result and the fallout from the Royal Commission.
“While the outlook is still extremely uncertain, there continues to be high levels of economic stimulus in Australia and around the world.
“Ideally this will help cushion any economic challenges we have over coming months. Once concerns about COVID-19 abate and productivity returns to the Australian economy, this stimulus will help drive property demand.”
