Analysis by PIPA chairman Peter Koulizos of seven year price runs around each recession since 1973 found capital city house prices sat above their earlier levels five years on from every downturn, with Sydney up 100.7 per cent following the mid 1970s recession. Propertyology’s Simon Pressley said record low interest rates, stimulus measures and pent up demand would help the market recover once restrictions lifted.
Reported by
Cameron Micallef, Smart Property Investment, 18 May 2002
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