{"id":25309,"date":"2020-05-20T13:29:49","date_gmt":"2020-05-20T01:29:49","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=25309"},"modified":"2020-05-20T13:29:49","modified_gmt":"2020-05-20T01:29:49","slug":"australias-property-market-predicted-to-fall-as-mortgage-deferrals-grow-jobkeeper-ends","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australias-property-market-predicted-to-fall-as-mortgage-deferrals-grow-jobkeeper-ends\/","title":{"rendered":"Australia\u2019s property market predicted to fall as mortgage deferrals grow, JobKeeper ends"},"content":{"rendered":"

PHOTO: Australia\u2019s property market<\/strong><\/p>\n

The housing market is predicted to suffer due to the economic downturn from COVID-19.<\/p>\n

However, there\u2019s plenty of debate around just how much damage will be done – with prices expected to take a real dip once loan deferrals expire and JobKeeper payments end.<\/p>\n

\u201cA strong economy and a strong jobs market generally leads to house price growth, when buyers are feeling confident and banks are happy to lend,\u201d said finance editor Gemma Acton.<\/p>\n

\u201cWe\u2019re seeing the exact opposite of that at the moment.<\/p>\n

\"REB<\/a><\/div>\n
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REB Top 100 Agents 2020 comprises less than 20% women<\/a><\/h2>\n<\/header>\n<\/div>\n

\u201cThe only people who are selling right now are people who have to sell – and you wouldn\u2019t sell if you didn\u2019t have to because buyers know they can take their time.<\/p>\n

\u201cThe real question is how many people are going to feel like they have to put their house on the market over the coming months?<\/p>\n

\u201cA lot of people\u2019s financial situations have changed. Many investors who are relying on rents to pay off the mortgage are seeing rents fall or are struggling to get tenants in.<\/p>\n

READ MORE VIA 7 NEWS<\/a><\/p>\n

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