Business
Property developers plough ahead with new projects despite coronavirus housing fears – ABC News
Even while Australia’s second biggest city endures a second, and much stricter coronavirus lockdown, property developers are still inking deals to build thousands of new homes.
Melbourne might be one of the most tightly locked-down cities in the world right now, but a welter of recent property deals shows developers are betting on a rapid return to normality.
Key points:
- Even as Melbourne is in a second lockdown, developers are finalising new deals to build thousands of homes
- Real estate agents and property analysts say price falls so far have been modest, taking values back to last year’s levels
- Two of the three key drivers of property prices…
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