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 leading the way out of pandemic restrictions.
WA may be one of the first states in Australia to lead the nation smoothly out of the COVID-19...
WA BUDGET 2020: TREASURER BOASTS STRONGEST ECONOMY IN THE NATION
Treasurer Ben Wyatt recently announced WA represents a stronger economy than anywhere in the nation and perhaps the world...
October News Highlights
October News Highlights Perth Rental Squeeze Perth suburbs are experiencing a dramatic drop in rental vacancy rates, with...
PROJECT UPDATE // Loft Haus
Did someone say demolition! The Griffin team are very excited to see that earlier this month demolition started and...
Local committee brings vibrancy to Scarborough Beach foreshore
It is an exciting time for Perth’s most iconic and favoured beach destination. Scarborough Beach Foreshore is currently undergoing...
4 reasons Australia may have a sharp but short recession.
Below are four main reasons Peter Switzer, Founder of Swtizer Financial Group believes Australia’s future economy could give way...
The vision for the City of Perth 2050
“Imagine flying your drone over inlets and islands on either side of Elizabeth Quay. You land on a finger...
Your Guide To Buying Off-The-Plan
Buying off-the-plan can be a daunting process and there’s a chance the uncertainty of not being able to see...
RESIDE ON MONEY KICKS OFF
This week our beautiful Reside on Money project officially kicked off into construction phase with commencement of boring works...
Consumer confidence increasing for the third week straight.
Consumer confidence has gained for the third-straight week in a row supported by a flattening of the coronavirus cases...
