The Flight to Property is Both Increasing and Understandable

If nothing else the Covid-19 lockdowns seem to have had many consider the direction of their lives. As a consequence it seems real estate has come front of mind for many. Given the likelihood of a negative OCR or even lower interest rates, the flight to property is both increasing and understandable. For first home buyers and renters it is a moment in time not seen before and for those looking to buy up its never been more affordable. Yes you need to be employed to be able to take advantage of the situation, given that, the age old concept that ‘cash is king’ is seriously under threat. Here at UP most homes in and around $1 million sell within days and we have interest in pretty much everything. In spite of this level 3 lockdown we have had another very strong month.