People who bought houses in the middle of the pandemic are more likely to double their money over the next 10 years, compared with those buying now, as the market faces a longer downturn followed by a shallower upturn.
The COVID-19 housing boom may have peaked in most parts of Australia but analyst CoreLogic has identified six ‘‘remarkable’’ shifts caused by the pandemic over the past two years.
The time it takes for a couple to save a 20 per cent deposit to buy an entry-level house has blown out by an extra 11 months during 2021 – nearly three times longer than the additional time recorded in the previous year –
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House prices in some of Sydney’s inner suburbs have slumped by more than $190,000 in the past three months to February as the market slowdown accelerated amid poor affordability, tighter lending and higher fixed interest rates
A surge in listings across some of Melbourne’s inner suburbs could trigger faster-than-expected house price falls, as buyer demand eases amid higher mortgage rates, rising uncertainty and poor affordability.
The number of women who bought a home last year rose to nearly match male buyers, despite the persistent gender pay gap and multiple lockdowns during the pandemic, analysis by CoreLogic shows.
Western Sydney industrial land values are tipped to rise by up to 25 per cent this year after growing around 50 per cent in 2021.
