{"id":25514,"date":"2020-06-01T10:09:22","date_gmt":"2020-05-31T22:09:22","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=25514"},"modified":"2020-06-01T10:09:22","modified_gmt":"2020-05-31T22:09:22","slug":"coronavirus-impact-on-property-market-uncertain-according-to-industry-experts","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/coronavirus-impact-on-property-market-uncertain-according-to-industry-experts\/","title":{"rendered":"Coronavirus impact on property market uncertain, according to industry experts"},"content":{"rendered":"<p><strong>PHOTO: Values may be falling slowly, but the rental market has taken an immediate hit. Source: iStock images.<span class=\"image-source\"><em>Source:Supplied<\/em><\/span><\/strong><\/p>\n<p>The impact of the coronavirus on the <a href=\"https:\/\/www.propertynoise.co.nz\/australias-property-market-is-slowly-sinking-watch\/\">property market<\/a> is a contentious topic, with some observers expecting a subtle slowdown, while others predict a catastrophic collapse.<\/p>\n<p class=\"description\">Commentary on the future direction of the residential property sector has been diverse.<\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/www.propertynoise.co.nz\/prime-minister-jacinda-ardern-is-pushing-the-nz-economy-off-a-cliff\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-hoot-medium-thumb entry-content-featured-img entry-grid-featured-img wp-post-image jetpack-lazy-image jetpack-lazy-image--handled\" src=\"https:\/\/i0.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2019\/05\/Prime-Minister-Jacinda-Ardern.jpg?resize=460%2C270&amp;ssl=1\" alt=\"Members of Parliament\" width=\"460\" height=\"270\" data-attachment-id=\"57049\" data-permalink=\"https:\/\/www.propertynoise.co.nz\/the-number-of-properties-owned-by-mps-revealed\/prime-minister-jacinda-ardern-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2019\/05\/Prime-Minister-Jacinda-Ardern.jpg?fit=700%2C467&amp;ssl=1\" data-orig-size=\"700,467\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Prime Minister Jacinda Ardern\" data-image-description=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2019\/05\/Prime-Minister-Jacinda-Ardern.jpg?fit=300%2C200&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2019\/05\/Prime-Minister-Jacinda-Ardern.jpg?fit=700%2C467&amp;ssl=1\" data-lazy-loaded=\"1\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/www.propertynoise.co.nz\/prime-minister-jacinda-ardern-is-pushing-the-nz-economy-off-a-cliff\/\" rel=\"bookmark\">Prime Minister Jacinda Ardern is \u201cpushing the NZ economy off a cliff\u201d<\/a><\/h2>\n<\/header>\n<\/div>\n<div class=\"story-content\">\n<p>As Gary Brinkworth, the boss of the Herron Todd White valuation firm recently noted, some observers are expecting a subtle slowdown, while others predict a catastrophic collapse.<\/p>\n<p id=\"U701776574633ulD\">He\u2019s right to suggest these whole of city forecasts fail to understand the complexity of the residential property market and that having specialist knowledge at a localised level was key to good decision making.<\/p>\n<p>He added it can be difficult to keep up as markets adapt to the challenges around COVID-19.<\/p>\n<p>\u201cSome locations have seen monumental disturbance to their usual state of affairs, while others have barely registered a ripple,\u201d he said. \u201cCOVID-19 has amplified the diversity of Australia\u2019s resident<a href=\"https:\/\/www.propertynoise.co.nz\/how-chinese-investors-could-stop-australias-property-market-from-collapsing-from-the-coronavirus-recession\/\"> property markets<\/a> by location, price point and property type.\u201d<\/p>\n<p>READ MORE VIA <a 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&rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":25515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478108580,478108952,478109812,478109811,478098519,478098535,478098522,478098537,478098543,478098513,478101743,478099125,478098873,478098579,478098510,478099918,478098514,478098511,478098705,478098533,478098509,478099324,478098536,478098618],"class_list":["entry","author-data123nz","post-25514","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-coronavirus","tag-covid-19","tag-gary-brinkworth","tag-herron-todd-white-valuation","tag-home-ownership","tag-house-prices","tag-interest-rates","tag-melbourne","tag-mortgages","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-property-sales","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-residential-property","tag-sydney","tag-sydney-property"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Coronavirus impact on property market uncertain, according to industry experts - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/coronavirus-impact-on-property-market-uncertain-according-to-industry-experts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coronavirus impact on property market uncertain, according to industry experts - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Values may be falling slowly, but the rental marketRead More &rarr;\" \/>\n<meta property=\"og:url\" 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