Welcome to the property news this week. With the markets shaky and Coronavirus looming, there is a lot of uncertainty.
Of course, the biggest question on everyone’s lips is, how will this affect the market?
There is an interesting take here: Coronavirus: how a COVID-19 outbreak in Australia could impact the property market
There are plenty of indications that property will remain strong. From the article:
But Sydney property can also expect heightened purchasing intent from longtime residents, recent immigrants and forward-thinking foreigners.
Indeed, there are articles supporting this:
Buyers look to get into Sydney market before prices rise too high
The states where first-home buyers are most active revealed in new report
Of course, there’s always free toilet paper to lure the buyers out!
Free toilet paper used to lure buyers out on quiet Melbourne long weekend
Meanwhile, if you want to see how one man controversially made a bucket load on a property, check out this piece of news:
Property developer makes $1.4m after claiming squatter’s rights on Ashbury house
Are you a retiree thinking about downsizing? Here’s some information for you.
How downsizer super contribution for a former rental property works
The biggest news of the week was, of course, the RBA’s rate cut. How have the banks responded? Here is the rundown.
RBA cash rate cut: Banks slash home loan interest rates | Updated List
Have a great week everyone!
