General
The housing market was going to drop 30pc during the pandemic but instead many areas are booming
It seemed like the worst possible year to break into the housing market.
Key points:
- Experts predicted COVID-19 would bring about a 30-per-cent drop in the housing market
- Instead, many people took advantage of “extraordinarily” low interest rates and stimulus packages and entered the market
- Some say the current market is here to stay for a little while, but that may not be “a good thing”
When the health impacts of COVID-19 were still being counted, it was already clear the pandemic was going to corner the world into recession.
But despite the prediction the housing market could drop by 30 per cent, experts say many parts of Australia have pulled through stronger than ever.
Caitlin Ketley, 24 and Ben Munton, 27, are among the young people who…
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