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The performance of property markets amid COVID-19 suggest the high end of the market may be more responsive to negative economic shocks.
MELBOURNE
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Australians who shelved plans to sell their home at the start of the pandemic are slowly returning to the market.
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Melbourne markets have held up better than most against the forces of Covid-19.
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Property investors face a cash flow crunch as the number of empty rental homes languishing on the market starts to surge.
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Dropping property prices will open the door for more first-time home buyers looking to snap up a bargain in the wake of the coronavirus pandemic.
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HSBC has forecast property prices will fall nationally, and it says Sydney and Melbourne are the most vulnerable markets.
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Rents for Sydney houses have fallen to their lowest point since 2013, while some Melbourne tenants are finding landlords willing to negotiate reductions.
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Property prices for houses up for auction across Australia were dramatically slashed during April as agents rushed to clear stock during the COVID-19 pandemic.
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Melbourne homebuyers are set to be presented with a smorgasbord of options once coronavirus lockdown rules ease.
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House prices across Melbourne and Sydney face double-digit falls over the next 18 months, warns National Australia Bank.
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The coronavirus crisis is having a devastating impact on the Australian property market, with sales down by hundreds of millions of dollars.
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The unemployment rate in Victoria is set to double and house prices are expected to slide by 9 per cent this year due to the devastating economic impact of the …
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