PIPA dismissed forecasts of a property collapse, publishing analysis of house price movements after downturns stretching from 1973 through to the global financial crisis. Sydney prices climbed 100.7 per cent in the five years after the mid 1970s recession, and 39.7 per cent over the equivalent period after the GFC. Peter Koulizos conceded values would probably dip once stimulus ran out, as they did in 2011, but expected growth to resume within a year or two.
Reported by
Charbel Kadib, Mortgage Business, 19 May 2020
PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.
