National dwelling values lifted 0.8 per cent in November, with regional areas outperforming and only Melbourne falling, Smart Property Investment reported. PIPA chairman Peter Koulizos said the result contradicted early pandemic warnings of falls between 10 and 30 per cent, and noted research showing strong gains five years on from past downturns. Nearly 75 per cent of surveyed investors expected steady or better prices within a year.
Reported by
Bianca Dabu, Smart Property Investment, 7 December 2020
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