Tasmanian real estate market has confounded all predictions

Tasmanian real estate market has confounded all predictions

Tasmanian real estate market has confounded all predictions The previous 12 months' growth has been unprecedented in terms of asset growth and activity across all property sectors in Tasmania. For most, the growth was unforeseen. As the pandemic swept the globe the market's prediction, led by an initial sharp downturn in global equities, was that a deep recession would follow and that asset values would flatten or even decline given the massive disruption to what was considered "normal" prior to COVID-19. Ironically, the opposite has occurred in direct contrast to the prior behaviours of markets after other major global downturns, including the GFC, Tech wreck and the "Recession we had to have" in the '90s. The factors contributing to this unexpected consequence are principally: Historical Low interest environment - Cash …
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