‘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.

greek film festival sydney new

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

Dr Christos Theologos: ‘Dance keeps us bound to our roots, from Chios to Sydney’

As part of the Zeibekiko Festival Australia, respected folklorist Dr Christos Theologos will lead a series of lectures and workshops.

South Melbourne turns to supporters ahead of Australian Championship kick-off

The opening clash of the Australian Championship will be an event shaped by the voices of the fans themselves.

Low birth rates and ageing: The silent enemy of the Greek nation

From the late 1990s it had become clear to Greek demographers and social scientists that the number of births in Greece was falling.

Peta Trimis: The new star of Australian football with a Hellenic soul

At just 19 years old, Peta Trimis is already being hailed as one of the brightest young stars of Australian football.

A second chance at life: Angelo Alateras’ journey from mechanical heart to transplant hope

After years on life support, 80kgs lost, and 615 days of physio, Angelo finally received the gift of a new heart.

You May Also Like

National committee established to plan centenary events for Greek Orthodox Archdiocese of Australia

A national committee has been established to plan centenary events for Greek Orthodox Archdiocese of Australia next year.

Courtney Houssos steps in as Acting Minister during Prue Car’s cancer treatment

Prue Car has announced she will be taking personal leave to undergo treatment for breast cancer. Read more here.

Stefanos Tsitsipas books spot in French Open quarter-final

Stefanos Tsitsipas eased past Austrian qualifier Sebastian Ofner 7-5, 6-3, 6-0 to book his place in the French Open quarter-finals on Sunday.