Business
What happened to the property price crash that was predicted but never came? – Sydney Morning Herald
Far from the dire market outlook when the pandemic hit, experts now expect a “strong surge in prices” in 2021.
While Australia has been through the sharpest recession since the Great Depression, this bleak outlook for the property market has clearly not played out. CoreLogic data shows home prices jumped 0.8 per cent nationally in November with a rebound under way in every capital city.
NAB executive of home ownership Andy Kerr attributes the change in fortunes to “record low
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