{"id":28892,"date":"2020-11-09T10:09:12","date_gmt":"2020-11-08T21:09:12","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=28892"},"modified":"2020-11-09T10:09:12","modified_gmt":"2020-11-08T21:09:12","slug":"australian-real-estate-fire-sales-increasingly-unlikely-say-experts","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australian-real-estate-fire-sales-increasingly-unlikely-say-experts\/","title":{"rendered":"Australian real estate fire sales increasingly unlikely, say experts"},"content":{"rendered":"<p><strong>PHOTO: REA chief economist Nerida Conisbee \/ <span class=\"image-source\"><em>Source: News Regional Media<\/em><\/span><\/strong><\/p>\n<p class=\"description\">Much-hyped real estate fire sales due to the economic destruction wrought by COVID-19 are becoming increasingly unlikely for the Sydney suburbs, inner city and CBD.<\/p>\n<div class=\"story-content\">\n<p>The <a href=\"https:\/\/www.google.com\/url?client=internal-element-cse&amp;cx=007736748303843525207:i95wheizs-a&amp;q=https:\/\/propertynoise.co.nz\/au\/tag\/commonwealth-bank\/&amp;sa=U&amp;ved=2ahUKEwje9-_F7fPsAhW9zDgGHf1ACSYQFjAAegQIABAB&amp;usg=AOvVaw3nLGI4os8ZDZdKEgDmrfmn\">Commonwealth Bank<\/a>\u2019s pledge earlier this week not to force the sale of homes owned by customers affected by the pandemic is another blow to forecasters who predicted dramatic prices falls due to COVID-19 and to those hoping to snap up a bargain.<\/p>\n<p>As buyer demand holds firm in both residential and commercial markets, the big four banks are standing by their customers.<\/p>\n<p>ANZ, Westpac and NAB have not made similar statements to CBA outlining extended home loan holidays, however spokespeople for each lender said that they will continue to work with customers on a case-by-case scenario \u2014 suggesting they too would shield pandemic-affected borrowers.<\/p>\n<p>When COVID-19 arrived, economic commentators warned of a \u201cfiscal cliff\u201d when mortgage deferrals \u2013 and government stimulus packages such as JobKeeper and JobSeeker \u2013 were to finish in September. However, this lender leniency and government aide has now been stretched until early 2021.<\/p>\n<p>Chief economist at realestate.com.au, <a href=\"https:\/\/www.google.com\/url?client=internal-element-cse&amp;cx=007736748303843525207:i95wheizs-a&amp;q=https:\/\/propertynoise.co.nz\/au\/china-shift-not-great-news\/nerida-conisbee-realestate-com-au-chief-economist\/&amp;sa=U&amp;ved=2ahUKEwidq77S7fPsAhWGyTgGHeMYAj0QFjACegQICRAB&amp;usg=AOvVaw1SGFiWyommEiWzfSwlFoa0\">Nerida Conisbee<\/a>, said the withdrawal of support had been far slower than originally expected.<\/p>\n<\/div>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/australian-real-estate-fire-sales-increasingly-unlikely-say-experts\/news-story\/6f866bcac533332d71ddc19606fb300f\">NEWS.COM.AU<\/a><\/p>\n<div class=\"story-content\">\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Derelict 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VIDEO<\/a><\/div>\n<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: REA chief economist Nerida Conisbee \/ Source: News Regional<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/australian-real-estate-fire-sales-increasingly-unlikely-say-experts\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":28893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478099572,478098512,478098521,478100764,478098566,478098562,478098542,478098519,478098535,478098522,478110147,478112637,478098537,478098543,478101692,478098556,478098539,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478112635,478098511,478098705,478098533,478112636,478098509,478098737,478100668],"class_list":["entry","author-data123nz","post-28892","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-anz","tag-australia","tag-australians","tag-commonwealth-bank","tag-first-home-buyers","tag-foreign-buyers","tag-home-loans","tag-home-ownership","tag-house-prices","tag-interest-rates","tag-jobkeeper","tag-jobseeker","tag-melbourne","tag-mortgages","tag-nerida-conisbee","tag-nsw","tag-perth","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-rea-chief-economist-nerida-conisbee","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-fire-sales","tag-real-estate-news","tag-realestate-com-au","tag-westpac"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australian real estate fire sales increasingly unlikely, say 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\/australian-real-estate-fire-sales-increasingly-unlikely-say-experts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australian real estate fire sales increasingly unlikely, say experts - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: REA chief economist Nerida Conisbee \/ Source: News RegionalRead More &rarr;\" \/>\n<meta property=\"og:url\" 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