PIPA analysis of downturns from 1973 to the global financial crisis found capital city house prices were higher five years after each one, prompting the association to expect a swift recovery once the economy regained momentum. Propertyology’s Simon Pressley added that dwelling numbers grew from 8.8 million to 10.4 million over the decade, with more apartments than houses approved in five of the eight capital cities.
Reported by
Renee McKeown, The Urban Developer, 22 May 2020
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