Regional property markets to benefit from COVID decentralisation

Regional property markets to benefit from COVID decentralisation

Eliza Owen, Head of Research Australia at CoreLogic, has penned research arguing that Australia’s regional property markets could stand to benefit from COVID-19 as working from home becomes the new normal:

 An emerging narrative around regional dwelling markets is that they may see increased demand as a result of COVID-19.

This is thought to be driven by the way the pandemic has forcibly introduced remote work for knowledge-based or clerical workers. As employers and employees adapt to remote working conditions, physical proximity to a workplace may become a less important factor in home purchase.

 

Source :https://www.macrobusiness.com.au/2020/07/regional-property-markets-to-benefit-from-covid-decentralisation

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