Day: June 16, 2020

Homebuyer Interest in Single-Family Homes Jumps to Four-Year High

Web searches for single-family homes have popped as the coronavirus pandemic has turned privacy into a hot commodity.

Online searches for single-family homes rose to the highest level in four years last month. This comes as the coronavirus pandemic drives buyers to seek out larger houses located farther away from dense urban areas.

In May, 36% of saved searches created by users filtered exclusively for single-family homes. That’s up from 33% in February—before the coronavirus was known to be widespread in the U.S.—and represents the largest share since March 2016. It also marks an increase from 28% in May

Read More

Push To Attract Foreign Investment To Boost Property Market

State and Federal governments need to do more to drive foreign investment in the national property market as the country navigates its way out of COVID-19 lockdowns, a leading Melbourne property developer says.

Tim Gurner said new Australian Bureau of Statistics data, released on Monday, painted a “dire” picture of the international student market, which would have knock-on effects for real estate.

ABS figures show overseas arrivals and departures in Australia in April were gravely low, prompting concern about the impact an almost 100% drop in international students would have on selling and renting in the residential market.

An almost

Read More