{"id":26060,"date":"2020-07-02T09:38:10","date_gmt":"2020-07-01T21:38:10","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=26060"},"modified":"2020-07-02T09:38:10","modified_gmt":"2020-07-01T21:38:10","slug":"coronavirus-house-price-slide-worsens-but-first-home-loan-deposit-scheme-attracts-new-buyers","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/coronavirus-house-price-slide-worsens-but-first-home-loan-deposit-scheme-attracts-new-buyers\/","title":{"rendered":"Coronavirus house price slide worsens, but First Home Loan Deposit Scheme attracts new buyers"},"content":{"rendered":"<p><strong>PHOTO: CoreLogic&#8217;s head of research Australia Eliza Owen says &#8220;stock on the market is still tight and still trending down&#8221;.<cite class=\"_3Jwd8 _20AiM _2v_Gr age8P _2Rt0o _27aqo\" data-component=\"Figure__cite\">(Supplied: CoreLogic)<\/cite><\/strong><\/p>\n<p class=\"_1SzQc\">The coronavirus-induced slide in Australian housing values accelerated last month, as more sellers put their homes on the market.<\/p>\n<section class=\"_2ybzm Es5LH _1LbdU _1bAUU q-cWK\" role=\"contentinfo\" aria-label=\"key points\" data-component=\"KeyPoints\">\n<h2 class=\"zT1nT _4Zpdk SelAj _1t9H3 _2-MxD lxkD- mSYxO age8P\" data-component=\"Heading\">Key points:<\/h2>\n<ul class=\"_3Crv1\" data-component=\"List\">\n<li class=\"\" data-component=\"ListItem\">CoreLogic&#8217;s index shows a 0.8pc slide in capital city home values and 0.2pc fall in regional prices in June<\/li>\n<li class=\"\" data-component=\"ListItem\">Melbourne and Perth had the biggest property price falls of 1.1 per cent<\/li>\n<li class=\"\" data-component=\"ListItem\">CoreLogic analyst Eliza Owen says the consensus view is that prices will fall a total of 10pc during the coronavirus recession<\/li>\n<\/ul>\n<\/section>\n<p class=\"_1SzQc\">CoreLogic&#8217;s monthly home value index showed a 0.7 per cent fall in values nationally, led by a 0.8 per cent drop in capital city prices.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/jennifer-hawkins-sells-trophy-home\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image\" src=\"https:\/\/i1.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/06\/jennifer-hawkins.jpg?resize=460%2C270&amp;ssl=1\" alt=\"Jennifer Hawkins\" width=\"460\" height=\"270\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/jennifer-hawkins-sells-trophy-home\/\" rel=\"bookmark\">Jennifer Hawkins sells trophy home<\/a><\/h2>\n<\/header>\n<\/div>\n<p>&nbsp;<\/p>\n<p class=\"_1SzQc\">The biggest capital city falls were in Melbourne and Perth, which both recorded a 1.1 per cent decline, while Sydney had a 0.8 per cent drop in values.<\/p>\n<p class=\"_1SzQc\">Brisbane and Adelaide posted smaller declines, as did regional areas, which fell 0.2 per cent.<\/p>\n<p class=\"_1SzQc\">The smaller capital cities \u2014 Hobart, Darwin and Canberra \u2014 defied the falls elsewhere with modest gains.<\/p>\n<figure id=\"12409474\" class=\"_3M2Ue _1LbdU _1bAUU _2RJ9c\" role=\"group\" data-print=\"inline-media\" aria-labelledby=\"dls-id-6948\" data-component=\"Figure\">\n<div class=\"oNO9S\" data-component=\"IntersectionObserver\">\n<div class=\"JaEq6\"><img decoding=\"async\" class=\"_1z778 lazyload\" data-src=\"https:\/\/www.abc.net.au\/cm\/rimage\/12409378-16x9-xlarge.jpg?v=4\" data-sizes=\"100vw\" alt=\"Map of Australia showing price changes, nationally a decline of 0.7 per cent\" data-component=\"Image\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/div>\n<\/div><figcaption id=\"dls-id-6948\" class=\"_3Jwd8 _20AiM _2v_Gr age8P _2Rt0o _1qYXN\" data-component=\"Figure__figcaption\"><em><strong>CoreLogic data show most Australian cities saw house prices decline in June.<cite class=\"_3Jwd8 _20AiM _2v_Gr age8P _2Rt0o _27aqo\" data-component=\"Figure__cite\">(ABC News: Alistair Kroie)<\/cite><\/strong><\/em><\/figcaption><\/figure>\n<h2 class=\"_1LI2A _3_H8z SelAj _1t9H3 ZPXNE lxkD- mSYxO age8P\" data-component=\"Heading\">Price falls expected to continue<\/h2>\n<p class=\"_1SzQc\">However, CoreLogic&#8217;s head of research Australia, Eliza Owen, said most analysts are expecting price declines to continue, with a peak-to-trough fall nationally of about 10 per cent.<\/p>\n<p class=\"_1SzQc\">&#8220;There are definitely some headwinds and risks that lie ahead for the market,&#8221; she told ABC News.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.abc.net.au\/news\/2020-07-01\/house-price-slide-accelerates-as-coronavirus-pandemic-drags-on\/12409166\">ABC<\/a><\/p>\n<h3 class=\"widget-title\"><span 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title=\"Celebrity housing guru, 35, dubbed the 'property whisperer' who claims to own 200 houses\" href=\"https:\/\/propertynoise.co.nz\/au\/celebrity-housing-guru-35-dubbed-the-property-whisperer-who-claims-to-own-200-houses\/\" data-bump-view=\"tp\">Celebrity housing guru, 35, dubbed the &#8216;property whisperer&#8217; who claims to own 200 houses<\/a><\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: CoreLogic&#8217;s head of research Australia Eliza Owen says &#8220;stock<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/coronavirus-house-price-slide-worsens-but-first-home-loan-deposit-scheme-attracts-new-buyers\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":26061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478110288,478098521,478098892,478110286,478110287,478108952,478106350,478098566,478098562,478098542,478098519,478110285,478098535,478098522,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478098511,478098509],"class_list":["entry","author-data123nz","post-26060","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australian-housing-values","tag-australians","tag-corelogic","tag-corelogic-analyst","tag-corelogics-index","tag-covid-19","tag-eliza-owen","tag-first-home-buyers","tag-foreign-buyers","tag-home-loans","tag-home-ownership","tag-house-price-slide","tag-house-prices","tag-interest-rates","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Coronavirus house price slide worsens, but First Home Loan Deposit Scheme attracts new buyers - 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-house-price-slide-worsens-but-first-home-loan-deposit-scheme-attracts-new-buyers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coronavirus house price slide worsens, but First Home Loan Deposit Scheme attracts new buyers - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: CoreLogic&#8217;s head of research Australia Eliza Owen says &#8220;stockRead More &rarr;\" \/>\n<meta property=\"og:url\" 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