Lockdowns and economic uncertainty stemming from Covid resulted in predictions of falls of up to 30% in the Australian residential property market. Fears for office property were much, much worse, with only 10% of office workers returning to Melbourne’s CBD late this year. As the year ends, however, forecasts are looking much more positive.
nab’s Chief Economist Alan Oster talks about his forecasts and:
Why house prices are looking much more positive for 2021
Which areas of Australia are most likely to experience price rises, and which are not
How commercial property is fracturing as the workforce shifts and
What to keep an eye on as an investor.
Apologies for the reduced audio quality of this recording – remote working is sometimes dependent on less than ideal recording scenarios.
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