Jul 22, 2020
This Winter 2020 edition of the Price Predictor Index reflects the impact of the pandemic on property markets across Australia, including the outcomes for sales volumes and for prices. We have seen a decline in sales activity in some markets while others have maintained their previous levels of property sales, or close to them.
Prices overall have shown considerable resilience during the pandemic: the data from regular sources of price information, like SQM Research and CoreLogic, shows most major markets across Australia have maintained their value levels or recorded small increases, although there is evidence of decline in some parts of the Sydney and Melbourne markets. In some cases, it depends on which data source you use. The different data sources have conflicting information on the Sydney market, for example.
Overall, the Winter 2020 edition shows that some markets have been negatively impacted by Covid-19 while others have continued to show strength.