Melbourne house values dropped by 1.4 per cent in July to be down by 3.8 per cent over the past quarter. Melbourne's housing market has taken the biggest hit of any capital city in the country over the past three months.Elsewhere, house values fell by 0.3 per cent in Brisbane, 0.6 per cent in Perth, 0.4 per cent in Hobart and 0.2 per cent in Darwin.
But with much support starting to fall from October and mortgage repayment holidays likely to expire by March, the deteriorating market could force more properties to sale. "Similarly, the recent concerns of a second wave of the virus and the potential for renewed border closures and stricter social-distancing polices are likely to further push consumer sentiment down. This is likely to weigh on both home buying and selling activity more broadly."
How? We cannot prop up the economy any further by lowering interest rates below zero. It’s time for govt to spend big on non housing infrastructure to soak up unemployment. This will restore confidence. Fast train?
Housing prices 'tumbled' did they? Take a look at a long term price trend to see the absurdity of your description of housing prices.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Victorian students will head back home for lessonsMost Victorian schools and students will move to “flexible and remote learning” from Wednesday as part of tough new lockdown restrictions across the state, Victorian Premier Andrew Daniels announced on Sunday. hcqcures terrorism Should have done this sooner. People are idiots and were never going to take the restrictions seriously. Hint 1 was when everyone was stocking toilet paper instead of essentials. You are robbing our children of their education.
Source: newscomauHQ - 🏆 9. / 77 Read more »
ASX falls as Victoria's tougher COVID lockdown weighs on businessThe Australian share market is lower in early trade as Victoria declares a state of disaster and announces harsher coronavirus restrictions, including an evening curfew and new rules around businesses.
Source: abcnews - 🏆 5. / 83 Read more »
Second Victorian lockdown 'resolutely' worse | Sky News AustraliaThe second Victorian lockdown will be “resolutely” worse this time around, Liberal MP Tim Wilson says.\n\nMetropolitan Melbourne is now under strict stage four restrictions which include a curfew between 8pm and 5am, a limit on residents to a 5km radius for shopping and exercise, a return to remote learning from Wednesday for students, a 10-person limit at funerals and a ban on weddings.\n\nRegional Victoria will enter stage three restrictions from midnight Wednesday with residents only allowed to travel for care, work and essential shopping.\n\n“If we talk about lockdown 1.0, as it were, there were obviously restrictions on people’s liberties, but I think people went in with a collegiate sense of spirit about us working together,” Mr Wilson told Sky News.\n\n“This lockdown feels very different for a lot of people.\n\n“The public did the right thing, but we still ended up in this circumstance.”\n\nMr Wilson also commented on the need for the Victorian government to assist its economy.\n\n“The first job is for the state government to come to the party in making sure it is supporting the Victorian economy,” he said.\n\n“Of course we already have at a national level expansive programs around JobKeeper and JobSeeker to assist people in making sure they get the people the help they need in this difficult time.” TimWilsonMP Thats due to DimTim TimSmithMP creating confusion as to the health message PersonalResponsibility ozcrimenews nickbarnesaus Disillu31110791 Dizruptor1 🐷👹👌🔥🔥🔥🐲😤🤮🤢🦠🐒👇👇👇 TimWilsonMP Imagine would could be done to help with his franking credits! TimWilsonMP Dying of a preventable illness is always the worst the first time around genius.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Victorians brace for another surge in casesVictoria is expected to see another surge in new coronavirus infections overnight as the state braces for tougher lockdown restrictions. Making up 0.03% of all deaths in the country. Shut everything down...🙄 Deadliest day Ever in Victoria? An insult to the 173 Souls lost on Feb 2009 Black Saturday Bushfires Lockdown aged care facilities is absolutely necessary,test their carers daily to prevent infections because of high mortality rate; Locking down down the entire state of Vic is a MISTAKE,this virus is very contagious,but deadly to only a few; Currently new cases are stable in Vic
Source: newscomauHQ - 🏆 9. / 77 Read more »
Australia's coronavirus death toll shoots past 200 while Melbourne braces for tougher lockdownThe national coronavirus death toll has passed 200 as Victorian authorities consider stricter lockdowns and new cases emerge in other jurisdictions. He is a fool, a puppet, a criminal. Dan better pay the price for how he has destroyed Victoria. We shouldn’t even be in a state of emergency!! If he had half a brain, or really cared, he would allow Hydroxychloroquine & zinc treatment. Then we could all get in with life!!!! “Could” he says, they could also have no effect on the virus as other counties have found, and we could be destroying our economy on purpose for no reason other than to keep the ruling class in power a bit longer. His he going to follow Fauci's shambles and make goggles mandatory?
Source: SBSNews - 🏆 3. / 89 Read more »
'Use your common sense now' Bill Shorten's warning to Australia as Victoria's new lockdown beginsPeople in other states and territories must wake up and pay attention to the seriousness of the situation, Mr Shorten said, to avoid a Victorian-style lockdown. Wow the numbers are so low--WTF is going on in Australia. Why the fuck does this muppet get air time? He’s a failure and partly to blame for this mess! Piss off shorten! resignDanAndrews RIPdanAndrews
Source: 9NewsAUS - 🏆 10. / 72 Read more »