As we continue to ponder what the post pandemic world will look like, many property sectors have been caught off guard, the neighbourhood retail product being one of them. In general the regional and sub regional retail centres have had to continue to evolve in order to remain relevant. Do neighbourhood centres need to reinvent their genre?
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As the restrictions start to unwind, thoughts are now turning to how the economy could be kickstarted. The HIA, UDIA and Master Builders Association have all called for amounts of between $40,000 and $50,000 to be used as grants for new home builds with various volumes per quarter up to 2021. There are numerous issues with these well intentioned suggestions that may in fact not be what is needed; so let’s unpack some of them.
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Is it time to buy, sell or just wait and see what happens? The market is changing, and changing quickly. What about counter-cyclical opportunities?
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There has been a lot written recently about the prominence of cycling with the capacity to transform how people move around a city or suburb. As a cyclist myself, I love the fact that society seems to have fallen in love with the humble push bike again.
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What has really changed? There has been a pandemic which shut certain industries down but has benefited many other industries. These closures are artificial in nature, not market driven. There is an enormous difference in how this does or does not impact change.
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There has been much written about the “New Normal” of a post pandemic urban environment ranging from utopian dreams through to rather dark and prolonged periods of continued isolation and recurring sickness. I won’t wade too far into it in this article greatly but reserve the right to state that it is great we are all looking for the light at the end of the tunnel.
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