The HomeBuilder grant, when combined with an additional $15,000 state government grant, has been a strong driver of demand for new land since it was announced in June.

Surprisingly, if you look at the vacancy rates that are published by the Real Estate Institute of NSW, you will actually see that the outer regions are the ones that are performing the best.

We are backing that undersupply exists in Sydney, and we are backing that the undersupply is going to become even greater as a function of COVID.

City locations with furnished properties are the worst affected by COVID but typical holiday and coastal destinations are experiencing a bullish season.

Most investors are looking for a minimum of 5 per cent return, and if the property is priced well and it’s got a 5 per cent return, investors are starting to secure inner city apartments, it’s quite amazing.

Real-time demand is still strong and Brisbane property buyers are being fuelled by the lowest ever interest rates, good levels of affordability and strong rental yields compared to many other state capitals.