Business
Melbourne house prices prove doomsayers wrong – The Australian Financial Review
The advent of tractable vaccines in 2020 coupled with RBA QE will help assure the post-pandemic recovery, which is being reflected in rising house prices in Australia’s…
This accords with our March 2020 projection for a mild 0 per cent to 5 per cent six-month correction, following which we argued prices would start appreciating again.
The official record is that across all metro- and non-metro regions, house prices declined just 1.7 per cent during the COVID-19 shock. Within the eight capital cities, the peak-to-trough loss was a similarly modest 2.8 per cent.
Needless to say, the resilient Australian housing market has once again called into question analysts (and…
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