Adelaide’s resilient property market
May 22, 2020
Promising news for Adelaide despite COVID-19 fears of an economic decline as new research from Property Investment Professionals of Australia indicates house prices bounce back within a few years after market recessions and downturns.
“The moral of the story is don’t panic. Property has shown its resilience through economic shocks before and we have no reason to expect it won’t do so again,” said PIPA chairman Peter Koulizos.
Click here to read the full article from Realestate.com.au
Read Our Other Articles
Investors embracing Perth’s potential growth
More than 60% of investors believe that Perth has the highest growth potential of any market in Australia over...
Australia, Singapore and Hong Kong lead the pack on COVID-19
Western Australia the “island within an island” as Premier Mark McGowan described it is as good a place as...
Phase 3 for WA sooner bought forward a week
WA Premier Mark McGowan has indicated phase 3 of the four-phase plan for lifting the current COVID-19 restrictions may...
Perth rental and sales activity on the rise
Stupendous news for Perth as data derived from reiwa.com revealed leasing transactions rose by 16% as well as sales transactions...
Return of consumer confidence in Australia
“The return of consumer confidence, high household savings, and a decline in the number of people on JobSeeker are...
INTEREST RATES SLASHED TO RECORD LOW
The Reserve Bank of Australia have cut interest rates to a record low of 0.10% – a dramatic shift...
“Royal Hotel” Perth landmark restored
A piece of Perth’s history was finally unveiled last Friday with the grand re-opening of the restored “Royal Hotel”...
Statistics indicate increased confidence in WA’s property market
More good news for WA’s property market with fresh data from the ANZ/Property Council Survey revealing that confidence is...
PROJECT UPDATE // Loft Haus
Did someone say demolition! The Griffin team are very excited to see that earlier this month demolition started and...
Perth’s housing market jumps into 2020 with positive growth
Perth’s housing market has kicked off positively with home values set to rise by 6% this year according to predictions...