House prices dropping dramatically because of covid 19 ?

Discussion in 'Property Market Economics' started by showtime94, 29th Mar, 2020.

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  1. showtime94

    showtime94 Well-Known Member

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    Covid 19 seems to be taking a hit in the economy. People are losing there jobs etc.

    Do you think house prices will drop dramatically because of this ?

    And which state would suffer most ? Any predictions ? Or will it just happen country wide you think ?
    Cheers
     
    showtime94, 29th Mar, 2020
    #1
  2. TMNT

    TMNT Well-Known Member

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    TMNT, 29th Mar, 2020
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  3. Shogun

    Shogun Well-Known Member

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    Yes and Perth will put in a solid effort.
     
    Shogun, 29th Mar, 2020
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  4. MTR

    MTR Well-Known Member

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    Perth’s already done its bit, now its time for others to give....:(
     
    MTR, 29th Mar, 2020
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  5. Shogun

    Shogun Well-Known Member

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    I hope you're correct
     
    Shogun, 29th Mar, 2020
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  6. showtime94

    showtime94 Well-Known Member

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    Perth has gone down already ?
     
    showtime94, 29th Mar, 2020
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  7. MTR

    MTR Well-Known Member

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    Perth crashed in 2007, rising market during 2013/14.. however not blue chip. We were just starting to recover and now corona
     
    MTR, 29th Mar, 2020
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  8. Peter2013

    Peter2013 Well-Known Member

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    Australia has the world's 2nd largest debt fuelled housing bubble, so It would be naive to think there is not some pain ahead.
    Most of the debt is concentrated in Sydney and Melbourne.
     
    Last edited: 29th Mar, 2020
    Peter2013, 29th Mar, 2020
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  9. Simon Hampel

    Simon Hampel Founder Staff Member

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    See existing threads on this topic as linked to above - closing this one.
     
    Simon Hampel, 29th Mar, 2020
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