HSBC has forecast property prices will fall nationally, and it says Sydney and Melbourne are the most vulnerable markets.
MELBOURNE
Rents for Sydney houses have fallen to their lowest point since 2013, while some Melbourne tenants are finding landlords willing to negotiate reductions.
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.
Melbourne homebuyers are set to be presented with a smorgasbord of options once coronavirus lockdown rules ease.
House prices across Melbourne and Sydney face double-digit falls over the next 18 months, warns National Australia Bank.
The coronavirus crisis is having a devastating impact on the Australian property market, with sales down by hundreds of millions of dollars.
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 …
The Commonwealth Bank has revised its property forecasts downwards, stating the coronavirus will have “profound short-term consequences” for the market.
About 40 per cent of the country's real estate auctions were withdrawn over the weekend as stricter social-distancing measures announced by Prime Minister Scott…
Australian Property Investor Magazine
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Australia’s peak real estate industry group has warned the federal government that providing stimulus for new homes and not established dwellings could have detrimental effects on the property sector and the wider economy.
Sublease office space in Sydney’s CBD has surged to a 10-year high, but COVID-19 hasn’t been the primary cause, according to analysis by commercial agency CBRE.
ASX-listed residential leasing portal Rent.com.au says a recent surge in the number of renters getting ready to move is indicative of the increasing optimism in property circles that Australia is past the worst of the coronavirus pandemic.
COVID-19 has placed stamp duty reform back on the agenda in Victoria, New South Wales and Western Australia, with state governments expected to face tumbling revenue due to a sharp reduction in transaction volumes during the crisis.
Australian Property Investor Magazine this week sat down for a virtual coffee with leading Melbourne academic, Sam Tsiaplias, a senior research fellow in the Macroeconomics Research Program at the Melbourne Institute of Applied Economic and Social Research.
Property market headlines around Australia right now are full of doom and gloom. They are usually based on a worst-case scenario, which includes a long and drawn out economic downturn on the back of the COVID-19 pandemic, but is this what we now expect?
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