Property Market to Remain Subdued in the Medium Term – The Urban Developer

A recent report from electronic settlements platform PEXA found that from January to September 2020, the overall median settlement price fell 14 per cent in Victoria and 9 per cent in New South Wales.
Although PEXA’s Property and Mortgage Insights report shows a slight lift in NSW property values in the September quarter, while Victoria declined almost 5 per cent for the period.
Consumers expect a further decline in housing market activity, likely based on a fall in GDP, wage growth stagnation…

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