REA Group Chief Economist Nerida Conisbee says the property market in premium suburbs of Sydney and Melbourne appears to be least affected by the COVID-19 pandemic. “If you have a look at somewhere like Sydney’s east, we’re seeing six times the level of activity we’re seeing in the south west,” she said. “If we have a look at some of Melbourne and Sydney’s most expensive suburbs… they’re the ones that do seem to be holding up a lot better in terms of buyer demand.” Ms Conisbee said the auction market saw “quite a significant change” since the start of the coronavirus crisis. “Before COVID-19 we saw roughly around 15 per cent of homes sold via auction, now we have had a ban on live auctions, a lot of agents have moved to digital auctions,” she said. “The take up hasn’t been as great as live auctions – so we’re seeing only around five per cent of homes sold via online auctions which is a big drop.”
from National | Daily Telegraph https://ift.tt/3a0oDEA
Post Top Ad
Responsive Ads Here
Friday, April 10, 2020
Home
National | Daily Telegraph
Buyer demand ‘holding up’ in premium suburbs of Sydney and Melbourne
Buyer demand ‘holding up’ in premium suburbs of Sydney and Melbourne
Tags
# National | Daily Telegraph
Share This
About Unknown
National | Daily Telegraph
Labels:
National | Daily Telegraph
Subscribe to:
Post Comments (Atom)
Post Bottom Ad
Responsive Ads Here
Author Details
Templatesyard is a blogger resources site is a provider of high quality blogger template with premium looking layout and robust design. The main mission of templatesyard is to provide the best quality blogger templates which are professionally designed and perfectlly seo optimized to deliver best result for your blog.
No comments:
Post a Comment