COVID-19 and the property market
March 30, 2020
With unpredictability around the ongoing pandemic COVID-19 and the potential onset of a recession there is some uncertainty around property values. The good news is that history has shown that the housing market performs relatively well with economic shocks compared to the share market according to CoreLogic’s head of Australian research Eliza Owen.
Ms Owen also commented on the housing market being ‘far less volatile’ than share markets, with a view that coronavirus would not cause a major collapse in pricing although there may be a decline in property transactions.
To read the full article from Realestate.com.au , click here.
Read Our Other Articles
Hamilton Hill Site Works Commencement
We here at Griffin are eager to report that site works are well and truly underway on our Hamilton...
September News Highlights
September News Highlights Swan river deck A river deck alongside Elizabeth Quay has been proposed by a collaboration of...
7 reasons why WA is well positioned to bounce back from COVID-19
Finance Minister Mathias Cormann believes the WA economy will economically bounce back from COVID-19 pandemic for seven key reasons....
NATIONAL HOUSING PRICES SPIKE BEATS THE MARKET
Sydney house prices could yet again rise for the June quarter as vendors lift their asking prices faster than...
Griffin’s Project Completion
Griffin's Project Completion Introducing: BUTLER MEDICAL CENTRE Griffin Projects Group developed a successful project this year in the...
PERTH RENTAL MARKET UPDATE
Perth’s rental market remains incredibly competitive as we enter the second quarter of 2022.
WA receives $12 million tourism funding boost
Western Australia has received a $12 million boost for international tourism and events marketing unveiled by Premier Mark McGowan...
WA leading the nation’s post virus spending
Western Australia continues to lead the nation in the COVID-19 economic recovery with the strongest spending across the country...
BUYER FRENZY FOR 2021
Buyers are racing right now to get on Perth’s property market ladder. Last week a home open in Carine...
ECONOMISTS COUNTING ON QUARTER REBOUND TO PULL THE NATION OUT OF RECESSION.
For this upcoming quarter the markets leading economists are hoping for a rebound strong enough to lift the nation...
