Hi @daveironore re property; so far some very perverse impcts of the virus ..... maybe my 20 year tip re Property prices coming down will be wrong again.
My Holiday house at Anglesea, vic; anecdotal evidence down here is RE agents had "best year ever" in 2020. Guy I know listed his "average beach hack" for $1.2M ..... sold in 15 minutes .... agents have lists of melbournians keen to sell their $1M ++++ properties and sea change and buying sight unseen.
1. People have realised inner city may not be place to be during a virus
2. EVERYONE has learnt the power of vid conferencing to live, work & play. Why not live regionally seems to be the thought??
AMAZING RESULT IMO.
However, every person sea changing (or most anyway??) will be selling in the city. WQhat will this do to the supply/demand eqauation in residential?
& commercial property just MUST take a hit; their MUST be 1000's of small businesses that have gone out backwards & ownere burnt and NOT returning???
2021 will surely have a few twists and turns ahead?
The Brains Trust - 2021, page-23
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