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NSW: The property market is likely to be very different from pre-pandemic times.

28D ago 0 Replies 29 Views
Property market activity always captures the attention of the community, however, as the Government relaxes COVID-19 restrictions and we are entering unchartered waters, that will be more so.
However, what we do know with certainty is that the consumer’s requirements and the market response will be very different from when we entered the pandemic.

With the potential of growing stock levels impacting rents, some commercial landlords are investigating the feasibility of repurposing their property to attract a different type of tenant or end-use, for example residential.
Residential accommodation requirements of the post-COVID-19 consumer will also be an interesting space to watch.
For many of us, we now know we can work effectively from home; that means our home does not necessarily need to be close to our work, as it was pre-pandemic.

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