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.