A number of large-scale property deals in Melbourne show that developers are expecting a rapid return to normality, despite Melbourne being one of the most heavily locked-down cities in the world.

Mr Gersh, of Gersh Investment Partners, a firm which led a $53 million property deal, said that investors believe in Australia, and believe in Melbourne. They look at the situation dispassionately, and they aren’t deterred by the current situation.

AustralianSuper, the country’s largest superfund, revealed that it had invested in a developer which is constructing almost 200 apartments in Melbourne’s inner city.

Jason Goldsworthy, National Manager of MIRVAC’s build-to-rent, said that COVID-19 is just a speed bump, and that it wouldn’t affect their 500-home build-to-rent development in Brunswick.

This much confidence in the market’s recovery from property developers is a promising sign for real estate and construction in the times to come.