Not seeing a 40% drop!, page-9

Yes, Nos, an interesting dynamic is evolving. Seems (so far) a hybrid model is taking shape in the employment/work at home sector. If one looks back at the history of the Spanish (American) flue a similar RE move to the country/regions took place - more so to escape the contagion. During that period the price of RE in the major cities went in to freefall. It took around 3/5 years before people started to return to the cities and life resumed as normal.

Todays situation caught most RE analysts/consultants on the hop (I was one). In between March and August things were looking bleak and I was advising clients to tread carefully. But record low interest rates, government stimulus, near zero term deposit rates, the work at home phenomenon and the coincidence of the biggest cohort of monied Baby Boomers retiring changed all that, particularly for the regional/rural areas.

From August a clearer picture was emerging and I began to advising clients to buy in the regions, particularly in the south coast of NSW with sea and river views - and small hobby farms. As it currently stands, stock is hard to come by and the demand/supply ratio has morphed in to a sellers market.

In short, there's a lot of moving parts to this new RE/pandemic paradigm, and predicting further outcomes is difficult for professionals, let alone well informed amateurs. My only advice at this point in time is not to overleverage. No bull market lasts forever and these are uncertain times, to say the least.