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
HOUSE PRICES FORGOE GLOOMY OUTLOOK FOR A MORE UPBEAT ATTITUDE
Home values are starting to stabilise just six months after the March COVID-19 shock which has some economists forgoing...
Venice Beach inspired sign set for Northbridge
Northbridge, the city’s entertainment hot spot, as part of a $1 million revamp is set to get its own...
Breathing new life into Perth
The Metropolitan Redevelopment Authority, often referred to as the MRA, is the delivery arm of the State Government’s planning...
Construction industry showing signs of recovery
Employment in construction has risen 1.5% in WA since the COVID-19 trough in April with data from the Australian...
PM to slash red tape and accelerate WA projects
The Prime Minister’s plan to slash red tape and drive several road, rail and iron ore projects has been...
BUYER FRENZY FOR 2021
Buyers are racing right now to get on Perth’s property market ladder. Last week a home open in Carine...
PERTH HOUSING CRISIS
WA is facing a shortage of about 20,000 homes within four years, with fears this will keep local house...
RESIDE ON MONEY – Major construction milestone reached!
A huge milestone was reached over the weekend for our Northbridge development. Reside on Money builders, JCM Construction, laid...
Construction industry showing signs of recovery
Employment in construction has risen 1.5% in WA since the COVID-19 trough in April with data from the Australian...
Griffin At Realestate.com.au Market Update Event
Griffin Group’s Marketing team attended a Realestate.com.au Market Update event last week which explored the subtle but notable changes...