Property entering 'new normal' as turbulent 2020s subside
Numerous signs point towards the property market in Australia settling down after four erratic years, including stabilised price growth, rental markets, stock levels, economic indicators and construction costs.
In the wake of the turbulence triggered by the pandemic, property markets appear to be settling into a 'new normal'. (Image source: Shutterstock.com)
For many of us, the idea of a return to normal has taken on new meaning over the past few years.
In fact, there’s even a playful reimagining of the historical acronyms BC and AD—traditionally marking eras before and after Christ. Now, these could stand for Before COVID and After Disease. Adding to the dictionary, there’s DC for During COVID, a period marked by unpredictability and upheaval.
As valuers, economists, and property professionals, we…
