- 7 May 2020
What were Australia’s house prices doing before COVID-19 and where are they likely to go?
CoreLogic who track Australia's house prices and more, recently released their chart pack and it showed some interesting facts:
There was an improving housing market prior to the onset of COVID-19:
Even per State, the capital city markets were well into an upswing before COVID-19:
Both CBA and ANZ Bank are forecasting falls from peak to trough of 10%.
As per the above graphs, we have seen similar peaks and troughs in the past, so if Australia escapes with just that this time around, it will be a great result!
Have a great weekend, stay safe, and if you have any queries in regards to the effect of the Coronavirus on our property markets, please contact enquiries@propertyclub.com.au.
Property Club is at the forefront of the best properties in the best areas - make contact with your Property Mentor or hit enquiries@propertyclub.com.au for further information on the great options available for Club members!
Troy Gunasekera
National Manager
Related Posts
Make Your Property Move Before the New Year Rush
When December rolls around, it’s all too easy to let your property investment goals take a backseat. The allure of holidays, festive gatherings, and a ‘fresh start next year’ mentality can be tempting. But here’s a little-known secret: the quieter end-of-year market is brimming with opportunity for those ready to...
- 26 November 2024
Big Win for Victorian Property Investors: Stamp Duty Concession Unveiled!
The Victorian Government is shaking up the property market with a new stamp duty regulation set to benefit investors. Starting 21 October 2024, buyers of off-the-plan apartments, units, and townhouses in strata developments will enjoy a temporary elimination of stamp duty for one year. This move is part of a...
New Queensland Rental Regulations: What Property Investors Need to Know
The Queensland rental market is set for a significant shake-up, and as a property investor, it’s crucial to stay ahead of the curve. The state's new minimum housing standards, which began taking effect in September 2023, are more than just a regulatory update—they represent a shift in the expectations tenants will...