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Property market update: Melbourne, May 2020

Press coverage 10 June 2020 Summary of published coverage
Property market update: Melbourne, May 2020

ANZ Research forecast weaker prices and construction activity through 2020 and 2021, with only a mild rebound late the following year and with closed borders set to cut net overseas migration by more than 85 per cent and hit Sydney and Melbourne hardest. RPM Real Estate Group reported stronger buyer enquiry and display centre visits across April and May, while PIPA research was cited to argue prices had rebounded after every previous downturn.

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