The world is in the midst of the COVID-19 pandemic. But how negatively has the lockdown affected the economy and how long it will take to recover?
Some property investors are anxiously waiting to see how this crisis will affect the property market. The good news is that Australia’s property market has always been resilient, even after a recession. In fact, you might be surprised to learn that Australian property prices have increased in the years after recessions, rather than decreased.
Here’s why property is likely to remain a sound investment post-COVID-19.