Melbourne's property market set to bounce back after stage 4 Lockdown

According to the REA Group, whilst Stage 4 has all but halted property inspections and transactions, there is a high likelyhood that there will be a bouce back as soon as Stage 4 is lifted.

Looking at the data that is availiable when the first lockdown in Melbourne eased, (there is a similar trend in countries that have endured similar restrictions) there was a strong bounce back in activity in the sector once restrictions lifted. As often been said, properties will still be bought, sold and rented.  

Obviously the picture will not be rosey for everyone as financial distress is set to affect many  Australians post-lockdown. This in turn will ultimately mean they will be forced to sell up. For those who are not affected by financial distressed and are still in gainful employment, appetite is expected to remain.

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