Talking Property - Auction Clearance Rates


In the blink of an eye, the housing market has gone from rising to falling. Buying in a falling market is often described as catching a falling knife. This is not always an apt description when it comes to falling property markets though. Unlike stocks and shares, you can gain a benefit from property beyond its short term price performance. Home is where the heart is and during the early stages of COVID-19, we have seen continued buyer demand and little to no panic selling.



Bank predicts 32% drop on house prices

Harris Partners' Peter O'Malley joined 2GB's Luke Grant regarding the Commonwealth’s Bank dire prediction of a 32% drop on house prices due – in part to higher unemployment, underemployment and pay cuts – should Australia have a prolonged economic downturn due to Covid-19.