{"id":31287,"date":"2021-03-19T13:18:08","date_gmt":"2021-03-19T00:18:08","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=31287"},"modified":"2021-03-19T13:18:08","modified_gmt":"2021-03-19T00:18:08","slug":"how-will-end-of-jobkeeper-hit-property","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/how-will-end-of-jobkeeper-hit-property\/","title":{"rendered":"How will end of JobKeeper hit property?"},"content":{"rendered":"<p><strong>PHOTO: Adelaide residents Jodie and Jesse White have had success house flipping in the current market. Picture: Tricia Watkinson <span class=\"image-source\"><em>Source: News Corp Australia<\/em><\/span><\/strong><\/p>\n<p>Some pundits have predicted the end of<a href=\"https:\/\/propertynoise.co.nz\/au\/?s=JobKeeper&amp;submit=Search\"> JobKeeper<\/a> support payments could bring about a real estate market collapse. Sound familiar?<\/p>\n<p class=\"description\">The end of COVID support packages JobKeeper and JobSeeker is unlikely to have a significant impact upon the real estate market, despite initial fears.<\/p>\n<div class=\"story-content\">\n<p>Sound familiar?<\/p>\n<p>The pandemic was forecast to have a seismic impact upon our property market with prices predicted in some quarters to sink by 30 per cent.<\/p>\n<p>In contrast, dwelling prices have grown nationally by four per cent over the last year on the back of a 9.4 per cent rise in regional areas, and 2.7 per cent in the combined capitals, according to property data analysts CoreLogic.<\/p>\n<div class=\"w650 h487 image media\">\n<div class=\"image-wrapper\"><img fetchpriority=\"high\" decoding=\"async\" class=\" image-loaded\" src=\"https:\/\/cdn.newsapi.com.au\/image\/v1\/fbb9927041a0e3632ebeb9996b530dc9?width=650\" alt=\"The real estate market is expected to keep humming despite the conclusion of JobKeeper payments. Picture: James Gourley\/The Sunday Telegraph\" width=\"650\" height=\"487\" data-src=\"https:\/\/cdn.newsapi.com.au\/image\/v1\/fbb9927041a0e3632ebeb9996b530dc9?width=650\" \/><\/div>\n<p class=\"caption\"><em><strong>The real estate market is expected to keep humming despite the conclusion of JobKeeper payments. Picture: James Gourley\/The Sunday Telegraph <span class=\"image-source\">Source: News Corp Australia<\/span><\/strong><\/em><\/p>\n<\/div>\n<p>That price growth is expected to continue through to the end of March, when the pandemic welfare packages conclude, and beyond unabated.<\/p>\n<p>\u201cThe economy is in far better shape than any original forecast at the height of COVID last year, notwithstanding such areas as tourism, combined with many industries having a complete lack of applicants for strong employment positions,\u201d Ray Ellis, CEO of First National, Australia\u2019s third largest real estate agency, told News Corp.<\/p>\n<\/div>\n<p>READ MORE VIA<a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/buying\/real-estate-end-of-jobkeeper-and-jobseeker-unlikely-to-force-down-property-prices\/news-story\/f11ab7ccc48cbcd26201301b5b2a816f\"> NEWS.COM.AU<\/a><\/p>\n<section id=\"top-posts-2\" class=\"widget widget_top-posts\">\n<h3 class=\"widget-title\"><span 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id=\"jetpack_widget_social_icons-4\" class=\"widget jetpack_widget_social_icons\">\n<h3 class=\"widget-title\"><span class=\"accent-typo\">TWITTER<\/span><\/h3>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Adelaide residents Jodie and Jesse White have had success<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/how-will-end-of-jobkeeper-hit-property\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":31289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098566,478098519,478098535,478110147,478112637,478098543,478098513,478098873,478098579,478098510,478098514,478098511,478098705,478098509],"class_list":["entry","author-data123nz","post-31287","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-first-home-buyers","tag-home-ownership","tag-house-prices","tag-jobkeeper","tag-jobseeker","tag-mortgages","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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