Profitability of housing was eroded by COVID-19 through the June quarter shows latest CoreLogic Pain and Gain report

This edition of the Pain and Gain report analyses approximately 52,000 re-sale events over the June 2020 quarter. The volume of sales analysed hints at the impact that COVID-19 restrictions have had on transaction activity in the residential property market. Observations are down -28.2% from the previous quarter, when 72,500 re-sales were analysed. Despite the […]

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What does the latest employment data mean for the housing market?

Over the past two months, economic and housing market indicators have been fairly subdued. However, they have shown an improvement since April. A rise in sales over May saw a strong absorption of new listings, clearance rates have rebounded since the easing of restrictions, and consumer confidence has rebounded 33.0% since its trough in May. […]

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Property Headlines: Are we really in a recession, will HomeBuilder work, unemployment, rising consumer confidence, falling business confidence and all the latest data

Life is starting to get back to normal, the lockdowns are lifting, there are people in the streets, in fact I went back to one of our favourite café’s on the weekend, but last week we learned we’re in a recession. Recently Reserve Bank Governor Philip Lowe suggested this is the largest economic contractions since […]

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