PIPA analysis of median house price data covering downturns from 1973 through to the global financial crisis found capital city prices were higher five years after every one, rising as much as 100.7 per cent in Sydney after the mid 1970s recession. Perth agent Mark Hay urged caution in relying on historical data, while Peter Koulizos noted that price falls in past cycles were never sustained or prolonged.
Reported by
Rhys Prka, Broom Advertiser, 22 June 2020
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