How is Australia going in comparison to the rest of the world?

Property Club Other

We at Property Club endorse (and are using ourselves) the Australian Government’s direction to download and use the:

https://www.health.gov.au/resources/apps-and-tools/covidsafe-app

A great initiative that will help Australia continue to defeat this pandemic in our Country!

How well is Australia going compared to other countries – have a look at this chart:

Australia is doing pretty well!

However, let’s put that into perspective and look at the US, Germany, and the UK added:

We know where we’d rather be!

The Domain group released their House Price Report for the March quarter (Quarter on Quarter change), and it showed some interesting information:


HousesUnits
Sydney2.6%2.7%
Melbourne2.0%-0.4%
Brisbane0.6%-4.2%
Adelaide0.0%4.2%
Perth0.0%1.6%
Hobart2.2%0.0%
Canberra0.3%-5.2%
Darwin1.2%-8.1%

Dr Nicola Powell (from Domain Group) looked at the three main elements that will support prices through these uncertain times and clarified they are:

  1. Wage subsidies

  2. The option to pause your mortgage and

  3. Historically low-interest rates

Dr Powell concluded the current situation is a “controlled shutdown”.

“Once that shutdown is over, things should bounce back pretty quickly,” she said.

All positive and real facts!

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