Why the housing market and household finances are still in good shape, despite lockdowns

Why is the property market booming despite lockdown? 

Reasons:

1. Many households had strong balance sheets in Australia.
2.  Less spending due to lockdown.
3. Record low-interest rate.

Source:https://www.domain.com.au/news/why-the-housing-market-and-household-finances-are-still-in-good-shape-despite-lockdowns-1081393/