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
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...
PROPERTY & ECONOMIC UPDATE
Read the latest thoughts from Griffin’s Founder and CEO, Greg Devine
2019 – the year that won’t be missed by the Property Market
Although some may be sad to say goodbye to 2019, WA’s property market says good riddance after a sluggish...
WA house price increases despite pandemic fears
The Real Estate Institute of WA (REIWA) has stated the index for Perth’s house prices has remarkably increased by...
Singapore leading business with US and Hong Kong decline
Rankings released recently revealed that Singapore is still seen as the best place in the world to prosper undeterred...
FEDERAL BUDGET TO REVEAL WAY FORWARD FOR AUSTRALIA’S ECONOMY
It is officially 34 days until the Federal Budget! This means we only have 34 days to wait for...
Export dividends to rejuvenate WA’s economy
Great news for WA as US based energy giant Chevron finally sealed its position as a long-term powerhouse in...
REIWA’s push for stamp duty to stay
RIEWA president Damian Collins is urging all political parties to look into options to extend the buying-off-plan 75% stamp...
Get to know our Project Manager
Get to know our Project Manager Introducing Brett Garret! With years of experience in project management under his belt,...
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....
