PHOTO: Australia’s housing market has proved to be resilient despite COVID-19. Picture: John Feder/The Australian. Source: News Corp Australia
The ‘resilient’ Australia property market has risen in value despite widespread predictions of a dramatic slump due to the coronavirus epidemic.
National home values have risen in April to defy widespread predictions of a property market slump due to the coronavirus epidemic.
Several markets have even outperformed their growth rate of the previous six months.
According to CoreLogic’s Hedonic Home Value Index for April released today, home prices pushed up 0.3 per cent across the country last month despite the COVID-19 lockdown that has hit the economy hard and put a temporary halt to open home inspections and in-person auctions.
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Sydney property led the way in April. Picture: Sam Mooy/The AustralianSource:News Corp Australia
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