Capital city house prices sat above their earlier levels five years on from every recession or downturn of the past half century, PIPA research found, in contrast to early pandemic forecasts of falls of 10 to 30 per cent. CoreLogic recorded a 0.8 per cent national lift in November, with every capital except Melbourne rising. PIPA chairman Peter Koulizos credited stimulus and low rates, and urged buyers to use qualified advisers.
Reported by
Staff Writer, Queensland Property Investors, 8 December 2020
PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.
