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Market Essentials – September 2020

Market Essentials – September 2020

With the economy weakening this month, and Treasurer Frydenberg forecasting an increase in unemployment and continued economic slowdown, house prices have remained resilient for the most part. Over the three months to August, Core Logic reports that Sydney, Melbourne...
Market Essentials – August 2020

Market Essentials – August 2020

This month the Federal Government announced the extension of the JobKeeper program for a further six months, along with the JobSeeker supplement also being extended. Combined with extensions to the ‘mortgage holiday’ on repayments, many Australians will be breathing a...
Market Essentials – July 2020

Market Essentials – July 2020

Property values fell slightly across the five major capital cities during June with markets in Canberra, Darwin and Hobart each recording a small increase. Core Logic reported a second consecutive month of falls with the national Home Value Index down 0.7% in June....
Market Essentials – June 2020

Market Essentials – June 2020

Restrictions eased, markets rallied, and consumer confidence increased during May. Auction clearance rates to 24 May were 62.7%, the highest since week ending 15 March 20, almost back to pre-restriction levels. However according to Core Logic, stock volumes continue...
Market Essentials – May 2020

Market Essentials – May 2020

As consumer confidence hit a record low in April, the real estate market is now faced with buyers and sellers abandoning the market until there’s more certainty. The number of new properties listed for sale in the 28 days to April 19 has fallen significantly, 28.7%...
Market Essentials – April 2020

Market Essentials – April 2020

Business closures, a rapidly rising unemployment level and a plummeting share market have been the immediate major impacts of the unprecedented government measures put in place in March to stop the spread of the coronavirus. The government restrictions also include...