What were Australia’s house prices doing before COVID-19 and where are they likely to go?

Property Club Other

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