REA Group chief economist Nerida Conisbee argued the pandemic would not necessarily make housing more affordable, because any price falls would mainly benefit buyers who still held secure jobs and could satisfy lenders. CoreLogic data showed values remained slightly higher than a year earlier in late April. PIPA chairperson Peter Koulizos expected only a temporary dip of up to 10 per cent before a rebound.
Reported by
Gerv Tacadena, yourmortgage.com.au, 30 April 2020
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