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House prices in Australian capitals to ‘grow 10 per cent’ after early year decline due to COVID restrictions – PerthNow

Property prices in Australia’s biggest cities could decline early in 2021 due to raised coronavirus restrictions, yet there is better long-term news for owners.

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Property prices in Australias biggest cities could decline early in 2021 due to raised coronavirus restrictions for the latest infections in the eastern states.
Tim Lawless, research director of property data group CoreLogic, said house prices would probably decline in the first couple of months as buyers become wary of the latest COVID-19 restrictions.
It stands to reason that the latest coronavirus changes will dent consumer confidence and the housing market could be negatively impacted, he…

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