How the COVID vaccine will impact Australian property market [Crash in 2021?]


Thanks! Share it with your friends!


You disliked this video. Thanks for the feedback!

Sorry, only registred users can create playlists.

Added by COVID in Coronavirus in Australia & Oceania

Coronavirus: Description video

Watch the video “How the COVID vaccine will impact Australian property market [Crash in 2021?]” and like it!

Drug company Pfizer announced on Monday night that its COVID-19 vaccine may be 90 per cent effective in stopping the virus — so how will this affect the property market in 2021? Find out in this video.

According to https://theconversation.com/1-4-million-less-than-projected-how-coronavirus-could-hit-australias-population-in-the-next-20-years-143544

"Our analysis of Australian Bureau of Statistics data shows, the closure of Australia’s borders led to a 97% drop in permanent and long-term overseas arrivals in April 2020 from the previous year, most of whom were migrants."

00:00 How the COVID vaccine will MASSIVELY affect the Property Market [2021]
00:34 Pfizer 90% effective at preventing COVID-19
01:15 Demographics and property
01:42 Up to 4% reduction in Australia's population
02:11 Migration and housing demand
03:00 What happens if borders open up
03:13 Australian property market trends
03:30 Credit growth vs property growth
03:45 Fact v fiction
03:54 How it will affect property in 2021


For more info https://www.huntergalloway.com.au/ and https://www.huntergalloway.com.au/mortgage-broker-brisbane/

For home loan enquiries
[email protected]

Find Jayden here:

T: 1300 088 065
E: [email protected]

Mortgage Broker Brisbane - Hunter Galloway
Head Office: 3 Latrobe Tce Paddington QLD 4064
PO Box 841, Paddington QLD 4064
CBD Office: Level 20, 300 Queen Street Brisbane, QLD 4000

Hunter Galloway are an Award Winning Mortgage Broker based in Brisbane. We help clients from our local area, Australia, and all over the world. We believe buying a home should be stress-free and uncomplicated, and we will work for you to make your dreams become reality.

Next steps and settling your first home

Our team here at Hunter Galloway is here to help you buy a home in Brisbane. Nathan & Joshua Vecchio are Senior Mortgage brokers who specialise in making your home journey easy.

Unlike other mortgage brokers who are just one person operators, we have an entire team of experts to help make your home loan journey as simple as possible.

If you want to get started, please get in touch and we can book a time that suits you – either a phone call information session or a face to face meeting (which doesn’t cost anything for you).


What’s the go with the vaccine?


* The Pfizer trial is one of four potential vaccines the Australian Government has signed an agreement to purchase, if it is successful.

Before I jump into what the covid vaccine will mean for property, What influences property prices in Australia?

According to a paper published https://eprints.usq.edu.au/4614/2/Rahman_2008.pdf

The major long term factors that influences Australia’s property prices are:

* Demography - Demographic factors significantly affect housing prices in the long run. Increasing population growth increases the number of households in a country which in turn increases the housing demand and thus housing price
* Economic growth - positive relationship exists between household income and housing demand. In a country like Australia the income elasticity of demand for housing is likely to be one or greater (Berry & Dalton, 2004 quoted from Bourassa & Hendershot, 1995; Meen & Andrew, 1998). So the demand for housing increases at least proportionately with income. The long term trend in real income is important in explaining house price.

Liked the “How the COVID vaccine will impact Australian property market [Crash in 2021?]” video?

Share it with your friends!

Post your comment


Be the first to comment