Working from home

Why Aussie housing is getting scrambled

PHOTO: Working from home for people like Talia Thornton, (with dog Fenton) has changed house hunting forever. Picture: Nicki Connolly Source: News Corp Australia

Smashed avo was the buzz word of Aussie property for the last decade, but a dramatic shift is underway as a new world order could flip our housing market on its head.

First there was talk of first-home buyers and their smashed avocado on toast, now another breakfast analogy has been cooked up to explain the current state of the property market.

“If smashed avocado had anything to do with housing affordability over the last decade, scrambled eggs will be the dish of the 20s,” said Propertyology head of research, Simon Pressley.

The buyers’ agent and researcher said the traditional “fried egg” town planning model – where CBDs are filled with office towers, retail and high-density apartments (the yolk) surrounded by an urban sprawl (the egg white) – is about to be “scrambled”.

Working from home, for people such as Saumya Mehta of Hobart, is changing what they want from their lifestyle. Picture: Nikki Davis-Jones

Working from home, for people such as Saumya Mehta of Hobart, is changing what they want from their lifestyle. Picture: Nikki Davis-Jones Source:News Corp Australia

The era of the smashed avocado, and its influence on property affordability appears to be over.

After six months of observing how COVID-19 has hit the real estate market, Propertyology came up with a number of property predictions.

“We’ll continue to live in a world of disruption until such time as a vaccine is available. But the disruption from this germ has been big enough and already lasted long enough for Australian real estate to have changed forever,” Mr Pressley said.

He said Australians are in the midst of re-evaluating their priorities.

READ MORE VIA NEWS.COM.AU

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