THE REVIVAL OF THE HOUSING MARKET
September 11, 2020
The uncertain COVID-19 induced housing correction may be coming to an end for all cities except Melbourne and potentially Sydney, according to the latest daily CoreLogic index data. Brisbane, Canberra, and Adelaide having all seen home values increase marginally whilst Perth has not fallen since its stabilisation in early August.
Any potential revival in home values should be strengthened by supportive actions in the approaching federal budget and the government’s aspiration to attract top global talent and capital in the context of the pandemic related turbulence in the US, Hong Kong, Europe, China and political chaos.
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