Impact of COVID-19 Pandemic on Brisbane Housing Market

Hello friends, I am back again with the article ‘ Impact of COVID-19 on Brisbane Housing Market’ to help you make the right buying or selling decision. It is always crucial to find the most suitable home or the best value while buying or selling a residential property. The situation is more critical during the COVID-19 pandemic. The crises have shattered the economy, employment growth, and lives of people. Over the last few months, people are facing a ton of issues in terms of losing their jobs, losing the lives of their loved ones and much more. To combat financial crises and bring stability in the Brisbane Housing Market, the state government and other official bodies are working together to balance the demand and supply of residential properties in Brisbane.

The Real Estate Institute of Queensland is also playing a vital role in protecting the trillion of Queensland properties. They are asking the state government to focus on extending the first home buyers and offer 50 per cent deduction in development application costs, and deliver around 75 per cent reduction in stamp duty. This will encourage both the buyers and sellers to engage in transactions to stabilise the real estate market as well as state’s economy. If you are moving to new house after hunting the most suitable property, it is good to hire professional removalists in Brisbane. They will assist you in packing and transiting processes to give you peace of mind. For more details on current housing prices in Brisbane, please read this article.

https://www.betterremovalistsbrisbane.com.au/impact-of-covid-19-pandemic-on-brisbane-housing-market/