Property shaping as safe bet during Sydney lockdowns
Studies have shown that economic disasters rarely have a lasting impact on property markets and Sydney’s Covid crisis would appear to be no different.
Sydney's famous Darling Harbour is looking decidedly quiet during lockdown. Photo: Juan C Sanchez-Herrera / Shutterstock (Image source: Shutterstock.com)
Determining how the Sydney property market will react to the self-imposed economic vandalism of extended lockdowns is an inexact science, but Australia’s banks and US researchers seem to agree — price impacts will be short-lived.
While it may be perceived as predatory, investors have always sought opportunity in times of crisis.
A paper published by Georgetown University researchers in 2018 in the United States looked into the impact on proper…
