{"id":25028,"date":"2020-05-02T12:53:45","date_gmt":"2020-05-02T00:53:45","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=25028"},"modified":"2020-05-02T12:53:58","modified_gmt":"2020-05-02T00:53:58","slug":"home-prices-defy-covid-19-downturn","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/home-prices-defy-covid-19-downturn\/","title":{"rendered":"Home prices defy COVID-19 downturn"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>PHOTO: Australia\u2019s housing market has proved to be resilient despite COVID-19. Picture: John Feder\/The Australian. <em><em>Source: News Corp Australia<\/em><\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The \u2018resilient\u2019 Australia property market has risen in value despite widespread predictions of a dramatic slump due to the coronavirus epidemic.<\/strong><\/h2>\n\n\n\n<p class=\"has-drop-cap wp-block-paragraph\">National home values have risen in April to defy widespread predictions of a property market slump due to the coronavirus epidemic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Several markets have even outperformed their growth rate of the previous six months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to CoreLogic\u2019s Hedonic Home Value Index for April released today, home prices pushed up 0.3 per cent across the country last month despite the COVID-19 lockdown that has hit the economy hard and put a temporary halt to open home inspections and in-person auctions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>MORE:&nbsp;<a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/coronavirus-changes-to-real-estate-how-to-navigate-the-industry-as-a-buyer-or-seller\/news-story\/9c173d7192b2c7faa5a35f106314c711\" target=\"_blank\" rel=\"noreferrer noopener\">Real estate tips to negotiate COVID-19<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/www.realestate.com.au\/news\/the-35-million-underground-bunkers-where-the-rich-hide-out-from-the-end-of-the-world-and-coronavirus\/?rsf=syn:news:nca:dt:socref\" target=\"_blank\" rel=\"noreferrer noopener\">The $3.5m bunkers where the rich hide out from coronavirus<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/www.realestate.com.au\/news\/why-its-the-ideal-time-to-add-value-to-your-home-during-the-coronavirus-pandemic\/?rsf=syn:news:nca:news:spa:strap\" target=\"_blank\" rel=\"noreferrer noopener\">Why now is the ideal time to add value to your home<\/a><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn.newsapi.com.au\/image\/v1\/62165cab48cb73a65f3cda82630601e0?width=650\" alt=\"Sydney property led the way in April. Picture: Sam Mooy\/The Australian\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Sydney property led the way in April. Picture: Sam Mooy\/The Australian<em>Source:News Corp Australia<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">READ MORE VIA <a rel=\"noreferrer noopener\" href=\"https:\/\/www.news.com.au\/finance\/real-estate\/resilient-australia-property-market-sees-rise-in-home-values-despite-covid19\/news-story\/ec3756ca588013d656a47eb08e877f6f\" target=\"_blank\">NEWS.COM.AU<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">MOST POPULAR<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/propertynoise.co.nz\/au\/shane-warnes-favourite-20million-melbourne-mansion-has-been-demolished\/\"><\/a><a href=\"https:\/\/propertynoise.co.nz\/au\/shane-warnes-favourite-20million-melbourne-mansion-has-been-demolished\/\">Shane Warne&#8217;s &#8216;favourite&#8217; $20million Melbourne mansion has been demolished<\/a><\/li><li><a href=\"https:\/\/propertynoise.co.nz\/au\/i-wont-leave-bali-resorts-offer-tourists-incredible-deals-amid-covid-19-crisis\/\"><\/a><a href=\"https:\/\/propertynoise.co.nz\/au\/i-wont-leave-bali-resorts-offer-tourists-incredible-deals-amid-covid-19-crisis\/\">&#8216;I won&#8217;t leave! Bali resorts offer tourists incredible deals amid COVID-19 crisis<\/a><\/li><li><a href=\"https:\/\/propertynoise.co.nz\/au\/worlds-youngest-billionaires-new-56m-pad\/\"><\/a><a href=\"https:\/\/propertynoise.co.nz\/au\/worlds-youngest-billionaires-new-56m-pad\/\">World\u2019s youngest billionaire\u2019s new $56m pad<\/a><\/li><li><a href=\"https:\/\/propertynoise.co.nz\/au\/australian-housing-market-crash-watch\/\"><\/a><a href=\"https:\/\/propertynoise.co.nz\/au\/australian-housing-market-crash-watch\/\">Australian Housing Market Crash? | WATCH<\/a><\/li><li><a href=\"https:\/\/propertynoise.co.nz\/au\/mortgage-broker-richard-puseys-jailhouse-rantings\/\"><\/a><a href=\"https:\/\/propertynoise.co.nz\/au\/mortgage-broker-richard-puseys-jailhouse-rantings\/\">Mortgage Broker &#8211; Richard Pusey&#8217;s jailhouse rantings<\/a><\/li><li><a href=\"https:\/\/propertynoise.co.nz\/au\/renters-bail-out-and-sales-plummet-as-coronavirus-hits-property-market\/\"><\/a><a href=\"https:\/\/propertynoise.co.nz\/au\/renters-bail-out-and-sales-plummet-as-coronavirus-hits-property-market\/\">Renters bail out and sales plummet as coronavirus hits property market<\/a><\/li><li><a href=\"https:\/\/propertynoise.co.nz\/au\/revealed-the-top-destinations-australians-are-planning-to-visit-once-travel-restrictions-are-lifted\/\"><\/a><a href=\"https:\/\/propertynoise.co.nz\/au\/revealed-the-top-destinations-australians-are-planning-to-visit-once-travel-restrictions-are-lifted\/\">Revealed: The top destinations Australians are planning to visit once travel restrictions are lifted<\/a><\/li><li><a href=\"https:\/\/propertynoise.co.nz\/au\/mortgage-broker-richard-puseys-eight-month-reign\/\"><\/a><a href=\"https:\/\/propertynoise.co.nz\/au\/mortgage-broker-richard-puseys-eight-month-reign\/\">Mortgage Broker Richard Pusey&#8217;s eight-month reign<\/a><\/li><li><a href=\"https:\/\/propertynoise.co.nz\/au\/beaches-shut-just-hours-after-opening-with-swimmers-continuing-to-ignore-social-distancing\/\"><\/a><a href=\"https:\/\/propertynoise.co.nz\/au\/beaches-shut-just-hours-after-opening-with-swimmers-continuing-to-ignore-social-distancing\/\">Beaches shut just HOURS after opening with swimmers continuing to ignore social distancing<\/a><\/li><li><a href=\"https:\/\/propertynoise.co.nz\/au\/from-nurse-to-a-mortgage-broker-obsessed-with-money\/\"><\/a><a href=\"https:\/\/propertynoise.co.nz\/au\/from-nurse-to-a-mortgage-broker-obsessed-with-money\/\">From nurse to a mortgage broker obsessed with money<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Australia\u2019s housing market has proved to be resilient despite<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/home-prices-defy-covid-19-downturn\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":25029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478100064,478098535,478108071,478098579,478100051],"class_list":["entry","author-data123nz","post-25028","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australias-housing-market","tag-house-prices","tag-house-prices-in-sydney","tag-property-market","tag-property-markets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - 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