Property prices are now just a hair behind where they were prior to the pandemic.
"The recovery in Melbourne, where home values remain five per cent below their recent peak, will take longer."Victorian property prices have been hit hard by low investor activity and closed borders. Mr Lawless theorises that a slow down in investor activity as well as a weaker rental market due to closed international borders are likely drivers of unit prices.
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Worrying sign for Aussie house marketConfidence in Australia’s property market has plummeted to levels close to the beginning of the COVID-19 pandemic, according to research by comparison website Finder. The government needs to stop all international investment in property and remove Chinese investors from the market and see those houses to diary home buyers under market value We needed a survey for this? My son, as did many of his friends. kissed his dream of owning his own home goodbye few years ago.
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