Botanical Blog

In 2021 Australia’s property market reached new heights with national property values skyrocketing 22.1%. Record-low interest rates, a shortage of supply, and government stimulus packages are just some of the factors which led this remarkable growth not seen since the late 1980s.

When the COVID pandemic hit, the doomsdayers and naysayers made bold predictions that Australia’s housing market was about to hit a swift downhill slide. Amid the merry-go-round of lockdowns, restrictions, mask-wearing and working from home, some property experts forecast hefty real estate price drops of more than 30%. But that prediction didn’t translate in 2021. In fact, it couldn’t have been further from reality.

The Australian property market surprised even the most experienced economists in the aftermath of COVID-19. House prices shot up against all expectations and what’s more, they are predicted to continue surging into the future.

When we take a look at investor statistics within the Australian property market throughout the last year, we see the lowest participation rate on record. The pandemic affected Melbourne more than any other capital city in Australia in 2020, but what does that mean for potential purchasers or investors in 2021?

Melbourne has defied predictions that COVID-19 would lead to long-term drops in home values, with new data showing prices have bounced back strongly.

Satterley has a long history of creating some of the most beautiful communities in Australia. This year marks a poignant milestone, as the company celebrates 40 years, which all began with one person, Mr Nigel Satterley AM.

What a year 2020 has been. To describe it as challenging would be an understatement, yet Australians have pulled through with trademark resilience. The Australian property market has defied the odds and weathered the storms of 2020 with incredible strength, but some potential home buyers are still wondering: is it a good time to buy real estate?

The Federal Government’s HomeBuilder grant, announced in early June this year, has been well-received by new home purchasers, so far attracting the interest of more than 40,000 Australians.

Back at the end of 2019 we told you about the Federal Government’s First Home Loan Deposit Scheme, an initiative aimed at making it easier for people to buy their first home. It proved extremely popular throughout Australia – several people bought properties in Satterley communities after making use of the scheme – and now the second round has opened.

The Federal Government has delivered a gift for home buyers, announcing a $25,000 grant to eligible purchasers, as well as property owners. The HomeBuilder grant will apply to new homes or substantial renovations of existing homes where the contract is entered into between 4 June 2020 and 31 December 2020.