Welcome to the news this week. I think the biggest question on everyone’s lips is – what lies ahead?

Here is some essential reading from the leaders at Core Logic – grounded in data and facts.

The Property Market In 2020: What Lies Ahead?

One thing that is not surprising in the wake of the pandemic is that Sydney has become a renter’s market. Anecdotally speaking, it appeared that many in the younger generation were moving back home or even couples moving in with parents due to lack of work.

Sydney has turned into a renter’s market amid the pandemic with falling prices and rising vacancies

Given the prompt way in which Australia has dealt with Covid-19, it will be interesting to see how quick this turns around.

Despite lockdowns and isolation, Bunnings has been abuzz with activity over the last two months, as people start looking to improve their spaces after a significant increase in the amount of time spent at home. However, things are not always turning out for the best!

DIY disasters are on the rise across Australia during coronavirus crisis

Meanwhile, if you’re in the market for a home, check out this bargain in South Australia: Australia’s cheapest house’ in Peterborough, South Australia, going for less than $50,000

If there is any positivity in the market right now, it’s that alot of different government bodies and organisations are coming together to ensure the fallout from the coronavirus impacts are minimised as much as possible. The proposed $50k New Home Boost is a particularly hopeful ray of sunshine.

Banks, regulators discuss help for jobless once mortgage freeze ends

‘New home boost’: $50k to home builders proposed as RBA raises property concerns

A topic we touched upon last week – a sea change – might become more common than we think as more and more look to moving regionally. 

In other interesting news 

How I furnished my entire investment apartment for less than $1000

Property bargain hunters bought one dollar houses in Italy, then coronavirus struck

Multimillion-dollar off-the-plan apartment sales reported, with cashed-up downsizers out in force