Sell with Confidence
Read More
News

Property markets ‘defying COVID doomsday predictions’

By Jessie Stewart

Sky News host Alan Jones says “Sydney property prices have defied the COVID-19 doomsday predictions” as “shonkey reports” are being spruiked by alarmists on the issue.

Mr Jones said, “the government have announced significant stimulus packages which has limited the damage”.

He said reports have stated “residential property prices could plummet” by as much as 30 per cent from current highs.

However, “median Sydney house prices surpassed one million dollars in February … and that was only 2.7% behind the 2017 peak,” Mr Jones said.

“The median price in Melbourne was $819,000 … and the median price in Brisbane was not much below that”.

Mr Jones discussed the current state of the housing market with the Managing Director of Ray White Real Estate Dan White who said, “buyers are active in the market (as) they’ve got the opinion now is the time still to invest in Australian real estate”.

“And they’re doing that”.

Source: www.skynews.com.au

Up to Date

Latest News

  • 5 Home Hacks to Inspire More Family Time

    How much family time does your household have each day? If you’re like most Australian households, you’re no doubt aware that precious family time is becoming harder to come by. If you’re looking to tip the scales in favour of more time with your loved ones, the good news is … Read more

    Read Full Post

  • Return to 2021 Market Conditions? Housing Growth Accelerates in Uncertain Times

    Australia’s housing market shows remarkable resilience with accelerating price growth across houses and units. April data confirms this trend, marking one of the strongest growth periods since 2021. Growth accelerates across the board The latest data reveals that house prices nationally rose by 0.4 per cent in April to reach … Read more

    Read Full Post