PIPA said the Reserve Bank’s rate cuts and mortgage deferral offers from the banks would cushion house prices through the pandemic, with chairperson Peter Koulizos forecasting a temporary decline of about 10 per cent at most. He expected rental markets to bear the greater strain as holiday letting stock shifted into long term supply and pushed rents lower.
Reported by
Gerv Tacadena, Your Investment Property, 29 April 2020
PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.
