5 pandemic impacts on the property market: a year on
Australian property markets have shaken off the worst of COVID-19, but while prices are rising and buyers are now out in force, there’s been some major uncertainty and upheaval along the way.
Lifestyle locations like Frankston on the Mornington Peninsula have risen in popularity over the pandemic. Photo: Shutterstock
COVID-19 may have created a ‘new normal,’ but the last 12 months have been anything but regular.
The pandemic has had major ramifications for Australian society, and in turn the nation’s property market.
While the property market has emerged in robust health, there has been some major uncertainty and upheaval along the way.
Let’s take a look at five ways the pandemic has impacted the Australian property market.
Market sentiment swings
As COV…
