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Housing market to withstand jobless surge: PIPA

Press coverage 17 July 2020 Summary of published coverage
Housing market to withstand jobless surge: PIPA

ABS figures put June unemployment at 7.4 per cent, a 22 year high and up from 7.1 per cent the previous month, driven largely by more Australians looking for work. Peter Koulizos said the housing market would withstand the deterioration, citing PIPA research on price growth after past recessions. Analysts nonetheless expected values to fall by 5 to 10 per cent through 2020 and into 2021.

Reported by

Charbel Kadib, Mortgage Business, 17 July 2020

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