that property values would fall and sales could decline by up to 50 per cent, though some real estate agents have been using more private inspections and digital auctions. Record low consumer confidence also weighs on property prices and sales numbers.
"The housing market won’t be immune to a drop in sentiment and weaker economy, however the extent of the impact on dwelling values remains highly uncertain," Mr Lawless said. He said the number of residential property sales would fall "dramatically" over the coming months, due to falling consumer confidence, more unemployed Australians and cautiousness from lenders.
Despite the rising monthly prices, CoreLogic's daily index recorded a negative result on Tuesday, down 0.01 per cent in Sydney and 0.33 per cent in Melbourne, with major cities down 0.12 per cent collectively.with double-digit growth amid expectations median prices could outstrip the peak of the 2017 property boom by mid-2020. Sydney prices were up 1.8 per cent over the month and Melbourne house prices increased 1.
JennieDuke For years theyve been walking around with a wobble in their head telling everyone within ear shot that theyre 'big property investors'. I'll miss them.
JennieDuke No shot Sherlock
JennieDuke I know it’s April 1 but it’s inconceivable prices rose in March. Then this gem: “Despite the rising monthly prices, CoreLogic's daily index recorded a negative result on Tuesday, down 0.01 per cent in Sydney and 0.33 per cent in Melbourne..” Domain/CL hands all over this article.
JennieDuke Housing bubble*
Scutty JennieDuke Lol
JennieDuke Pretty hard not to be immune when millions lose their jobs