Business
Safe as houses: hopes high that Australian property can avoid Covid-19 doomsday scenario – The Guardian
‘It’s the bargain of the century’, says one agent, as ultra-low interest rates, rising savings and government support banish earlier fears of a crash
Australias property market has taken some huge blows since the onset of the coronavirus crisis, with prices and rents falling in what would normally be a doomsday scenario for even the most optimistic real estate agent.
But despite the onslaught there is a growing confidence the powerhouse sector will survive the pandemic without a major crash.
Ultra-low interest rates are one reason, providing conditions that one Melbourne agent described as the bargain of the century. Rising savings are anot…
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