Crystal Ball Thinking

These are just “Crystal Ball” thoughts (18th April 2020) on what may be ahead of us in the property market in South Australia

May to July 2020:Drop in market rental returns and house prices, growing movement in the market from dissatisfaction with own homes (wanting interior space and bigger yards) and apartments residents (wanting no communal lifts, more space, balcony or courtyard) creating a demand for townhouses and homes. Some home owners moving to larger properties ahead of the market curve.

South Australia covid-19 restrictions start easing making it easier to rent, move, buy, sell etc. Interstate business and holiday travel will still be very low to no-existent. Travellers will find highly discounted overnight rates due to competition in the motel/services apartment/Airbnb market for potential guests.

August 2020 to July 2021:Rentals and property prices in South Australia flat but stable, if budgets permit a good time to upgrade to a bigger house or rental.

Interstate and New Zealand travel bans slowly lift, but numbers lower as holiday funds depleted, high unemployment numbers, business rebuilding and acceptance of video conference calls a normal instead of interstate travel. Holiday makers mainly within own state, then expanding to covid-19 controlled Australian states or New Zealand.

2021 to 2022: Market confidence should return and property prices and rents stabilise then increase.

Overseas travel starts rebuilding with first travellers to and from covid-19 controlled countries, making Australia attractive to investors, migrants and tourists.

2030: Travellers starts reaching December 2019 figures.
The Crystal Ball are the opinions / expectations of the author only, you need to make your decisions based on your own research and professional advice.