Eliza Owen, Head of Research Australia at CoreLogic, has penned research arguing that Australia’s regional property markets could stand to benefit from COVID-19 as working from home becomes the new normal:
An emerging narrative around regional dwelling markets is that they may see increased demand as a result of COVID-19.
This is thought to be driven by the way the pandemic has forcibly introduced remote work for knowledge-based or clerical workers. As employers and employees adapt to remote working conditions, physical proximity to a workplace may become a less important factor in home purchases.
