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
5 REASONS WHY APARTMENT LIVING IS GAINING POPULARITY
With urban sprawl stretching 150km up and down the coast, Perth has the unofficial title of being the longest...
Hong Kong Buyers seeking Australia safe haven.
Hong Kong residents struggling with China’s influence on Hong Kong are seeking out Australia as a potential new place...
Top 10 reasons why Adelaide will emerge strong from COVID-19 shutdowns.
Among the capital cities, Adelaide’s property market is well placed to emerge from the shutdown with prospects of growth,...
WA CONTINUES TO KEEP THE NATIONAL ECONOMY STRONG
WA has recently been viewed as a drag on the ‘national interest’ of Australia due to the state’s hard...
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...
FANTASTIC NEWS FOR FIRST HOME BUYERS
Effective today, first home buyers are now eligible for a massive 75% rebate on stamp duty fees when buying...
New home sales figures on the rise
A second consecutive month of increased new homes sales has given a big confidence boost to Australia’s property sector with...
Perth is hot property
Fresh research from Peard Real Estate shows that Perth is ripe for investment as evidenced by the 100% increase...
OVER 10% OF THE CONSTRUCTION PHASE IS COMPLETE
Griffin’s first energy efficient (clean technology) project, Reside on Money in the heart of Northbridge commenced construction in April....
APPLYING FOR FINANCE: 6 TIPS TO HELP GET APPROVED
With the generous government grants available, there has never been a better time to buy a home, here are...
