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
“Gold standard” testing suggests COVID-19 is heading for extinction in WA
COVID-19 may be on the brink of extinction for Western Australia as “gold standard” testing measures continue to reveal...
November News Highlights
Job growth in WA Western Australian businesses are in job-creating mode – rippling direct benefits onto all sectors of...
WA’s resources sector key driver in Australia’s economy
It is good news for Australia’s economy with the mining sector set to re-establish itself as a key driver...
China to bring economic growth for Australia
Industry experts believe China is Australia’s best bet in leading the nation towards the path of economic stability and...
PERTH HOUSING CRISIS
WA is facing a shortage of about 20,000 homes within four years, with fears this will keep local house...
HOMEBUILDER GRANTS EXTENDED TO MARCH NEXT YEAR
Great news for those who thought they may have missed out as the HomeBuilder grant as it has now...
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...
Property prices surge creating a rush to build
Developers have been pushed to start bidding for housing project sites again in Melbourne and Sydney as the annualised...
DEMAND FOR WA’S NEW HOME INCENTIVE SOARS
The Western Australian $20,000 new home incentive has been so popular that even Premier Mark McGowan believes he will...
TWO TOWERS WORTH $1.1 BILLION APPROVED FOR ELIZABETH QUAY
Perth’s city skyline is set to grow with the long-awaited plans for two towers at Elizabeth Quay worth $1.1...