SINCE 1997

Latest 2020 Market Review News

2020 residential review: resilient markets set for growth

Despite the economic and social upheaval that the country, and indeed world, has endured in the past 12 months, it is remarkable that property industry confidence has made its highest jump on record as 2020 comes to an end.

Aerial shot of houses in an Australian suburb
Houses performed better than apartments and units in 2020, as COVID-related lockdowns had homebuyers seeking more space. Photo: Shutterstock

Most of us are looking back over the past 12 months with a sense of shock and awe. 

Livelihoods have been upended and lives lost. 

The usually conservative Reserve Bank of Australia has resorted to printing money to keep the nation afloat. 

We’ve been locked in our homes, our suburbs, our states and our continent.

While these portents of doom could never have been foreseen when the clocks struck midnight on 1 January 2020, when the pandemic p…