PIPA research covering the four most recent economic downturns found capital city median house prices rose significantly in the five years after each, with Sydney up about 100 per cent following the 1973 to 1975 recession and 39.7 per cent by 2014. Peter Koulizos said local economic conditions determined how quickly individual cities recovered, and that any pandemic downturn was unlikely to be sustained.
Reported by
Gerv Tacadena, Your Investment Property, 19 May 2020
PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.
