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
Perth property is bouncing back
In a much needed change, Perth’s property prices have finally seen a slight upturn for the first time in...
Home values remain stable with anticipated quick recovery.
Data from the April Home Value Index presented by CoreLogic shows that though there has been a notable decline...
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...
