‘Purchasing online is here to stay’: George Bougias predicts property market trends

·

National Head of Research at Oliver Hume, George Bougias, has shared his predictions for the Australian property market in an interview with Capstone Property.

Mr Bougias said that during the COVID-19 pandemic, the property market has been significantly impacted by record low interest rates, working from home and government support, especially the HomeBuilder incentive.

“We also saw many people transacting property through online platforms, such as our own proprietary platform, which was quite new for the sector,” Mr Bougias added.

On the topic of technology, the property economist stressed how it “removes many unknowns, makes it easier overall and enables many buyers to secure a property without the need to travel.”

“This shift to purchasing property online, in some cases sight unseen, is here to stay,” Mr Bougias said.

“People can choose a block of land and transact everything online. This is a big opportunity for buyers to transact quickly and seamlessly – you can, effectively, secure property in a few clicks of the mouse.

“It’s an exciting time.”

Source: Capstone Property.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

‘I will never forget you’: Emotional farewell for Greek Consul General in Sydney

An emotional Greek Consul General Yannis Mallikourtis delivered his farewell speech on Monday evening at Business Sydney’s Event Centre.

Adelaide’s St Sophrony Parish raises funds for hall construction

The newly established St Sophrony of Essex parish in Hectorville, Adelaide, held its first official fundraising dinner on Sunday, June 29.

From homelessness to homeowner: Kostas Papadimitropoulos shares his inspirational story

Melbourne man Kostas Papadimitropoulos has turned his life around after being scammed out of his life savings and forced to live in his car.

Sydney Dance Company shines at Athens Epidaurus Festival with ‘Impermanence’

The Sydney Dance Company captivated a crowd of 5,000 at the Odeon of Herodes Atticus last week, performing 'Impermanence.'

Former ATO worker Paraskevi Vula Danassis convicted in $2 billion GST scam

Former Australian Taxation Office employee Paraskevi Vula Danassis has been convicted over her role in a $2 billion GST fraud scheme.

You May Also Like

Oakleigh Cannons and Heidelberg United to face-off for Dockerty Cup

The Dockerty Cup is up for grabs on Friday, August 4 as the Oakleigh Cannons and Heidelberg United face-off at Kingston Heath.

Proposal to change SA street to ‘Hellenic Avenue’ rejected after community backlash

“It is evident our proposal is not well-received by many residents within this area,” Rector Patsouris said.

Con Kalamaras on Estudiantina’s album launch and the power of Greek music

Estudiantina of Melbourne launches their debut album at Brunswick Ballroom on Sunday, March 9. Read our interview with Con Calamaras .