Property experts from across the country have shared their thoughts on what might happen to the national property market as the fallout from COVID-19 continues to play out.

Ripehouse Advostry recently put together a white paper entitled COVID-19 V Australian Property, which outlined what areas of the market would be impacted the most, as well as those that would be able to ride out the Strom relatively comfortably.

Ripehouse Advisory CEO Jacob Field said university academics, industry body heads and real estate agents were among the professionals who responded.

“To help paint this picture, we turned to our extensive network of Australia’s most trusted property professionals,” Mr Field said.

“The opinions and statements in this document provide a frank assessment of a drastically changed property landscape.”

When asked, ‘which state would be hardest hit’, the respondents felt that it would be NSW, while short-term residential rental properties, like Airbnb and holiday homes were in the firing line.

The types of properties deemed to be most resilient were high cashflow and diversified rooming houses.

While the respondents felt that the peak COVID-19 impact would be felt between the 3 to 12-month mark from March 2020.

At the same time, suburbs in outer areas would also be ones that would feel the most impact, given the nature of the jobs residents in those areas generally do.

Overall the Ripeouse Advisory research found 609,628 dwellings were potentially in the firing line across 27 suburbs in Queensland, 17 in NSW, 13 in Victoria, six in WA, four in Tasmania, and one in both SA and NT.

Safe haven suburbs

The research from Ripehouse Advisory also looked at which areas would be potentially the most insulated from the crisis. There were 260,085 dwellings across the country with 30 suburbs in NSW, 10 in the ACT, six in WA, six in the NT, and one each in SA, Victoria and Queensland.

Avalon Beach topped the list in Sydney, Albert Park was considered the safest in Victoria, Longreach was looking stable in Queensland, Watermans Bay in WA also looked steady, while Hughes led the ACT.