‘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

Earlwood’s Greek spirit centre stage as ‘Plateia’ Festival secures state funding

The City of Canterbury Bankstown will host the “Love Earlwood” festival thanks to the NSW Government’s Open Streets 2025-28 Program.

Greek Consul General honoured at Hellenic Club farewell event in Sydney

Sydney’s Greek community came together on Thursday for a dignified farewell dinner in honour of Greece’s Consul General, Ioannis Mallikourtis

Field of candidates announced for 2025 Greek Community of Melbourne Board election

Greek Community of Melbourne has officially called elections for a new Board of Directors, with members set to head to the polls on June 29.

Australia Cup 2025: Strong Greek heritage club presence as Final 32 locked in

The cast for the Hahn Australia Cup 2025 Round of 32 has been decided following the completion of the Preliminary Rounds.

Apostolakis and Trimis named on Young Matildas squad for upcoming training camp

CommBank Young Matildas Head Coach Alex Epakis has settled on a 32-player squad for a domestic training camp to be held in Sydney.

You May Also Like

Greek Orthodox Community of Melbourne farewells Consul General

Greek Orthodox Community of Melbourne president Bill Papastergiadis has farewelled Consul General Mr Dimitrios Michalopoulos following the end to his three-year term.

Alphington Grammar School marks 35 years with outstanding VCE success

Alphington Grammar School's Principal Dr Vivianne Nikou expressed her pride in the Class of 2024 for their VCE results.

Melbourne university to develop clinical and academic exchange programs with Greek universities

University of Melbourne to develop clinical exchange programs with National and Kapodistrian University of Athens and University of Patras.