PIPA analysis of the past 50 years found capital city house prices rose substantially in the five years following each recession, with gains reaching 100 per cent after some downturns, realestatebusiness.com.au reported. Sydney, Melbourne and Darwin all posted double digit growth by 2014 after the 2009 slump. SQM Research forecast dwelling price growth of up to 12 per cent in some capitals during 2021.
Reported by
Bianca Dabu, realestatebusiness.com.au, 7 December 2020
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