If you're looking to buy or sell, you likely want to know more about the property market and coronavirus. Namely, how is the coronavirus impacting the property market in Brisbane? While there is much to be negative about in the current climate, it is worth looking to the future and seeing that there are several positive signs that point to a strong recovery once the crisis slows down. In this blog, we will go through the short- and long-term implications of the virus on the property market. The short term negatives In the immediate future, times will be tough for anyone involved in the property market. Because of the economic recession, a massive spike in unemployment, the impact of social distancing and restrictions on travel it is clear consumer confidence generally has plummeted. This lack of consumer confidence is also found in the property market. Westpac has recorded the single biggest monthly drop in confidence in its 47-year history. Not only that, but the crisis has seen m...