• 7 May 2020

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

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

Related Posts

No Storm Surge Here: Brisbane’s Budget Holds Steady for Investors

No Storm Surge Here: Brisbane’s Budget Holds Steady for Investors

In the wake of ex-Tropical Cyclone Alfred, which brought Brisbane its wettest day in 50 years with over 420mm of rain in some suburbs and winds reaching up to 60 km/h, the city faced significant recovery challenges. Despite the extensive damage, including power outages affecting over 56,000 homes and businesses,...

Stamp Duty Doesn’t Have to Hurt — Here’s Where It Doesn’t

Stamp Duty Doesn’t Have to Hurt — Here’s Where It Doesn’t

Stamp duty isn’t the most exciting part of buying property, but it can seriously shape what you can afford and how quickly you can grow your portfolio. A national report by SQM Research for the Real Estate Institute of Australia (Stamp Duty: The Relationship to Australian Housing Affordability and Supply, October...

Don’t Just File Your Tax. Use It.

Don’t Just File Your Tax. Use It.

EOFY is coming, and most Australians are getting ready to tick the box, lodge the return, and move on. But smart investors know this isn’t just the end of a financial year — it’s a checkpoint. This is your chance to stop handing over more tax than you need to. And property could be the most powerful tool you’re not...

Become a Member Today!

Our mission is to help the average Australian learn the property market dynamics and discover the amazing opportunities that exist in real estate.