House price slide accelerates as coronavirus pandemic drags on

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The coronavirus-induced slide in Australian housing values accelerated last month, as more sellers put their homes on the market.

CoreLogic's index shows a 0.8pc slide in capital city home values and 0.2pc fall in regional prices in JuneCoreLogic analyst Eliza Owen says the consensus view is that prices will fall a total of 10pc during the coronavirus recession

The biggest capital city falls were in Melbourne and Perth, which both recorded a 1.1 per cent decline, while Sydney had a 0.8 per cent drop in values.

Source: News Formal (newsformal.com)

 

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House prices are falling by 30% in some areas and by September will likely drop to below 40%. This trend will continue until a vaccine is in place.

poor Chrissy Joye might have to save himself from a barbecue samstrades 😝

Don't you guys read the australian ? australian abcnews

Oh well. More people to moan about less people being too rich & privileged. abcnews auspol

Can’t wait for the uproar when thousands of homes go on the market when the borrowers default and the banks stop the grace period on loan repayments and jobkeeper jobseeker payments stop! It’s going to be a shit show!

a cira 1% drop is not a slide. Dramawhoring doesn't become you, things are bad enough without you making it worse.

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