House prices rise as Australia gets on top of the coronavirus
House prices nationally in Australia rose for the second consecutive month in November.
House prices nationally in Australia rose for the second consecutive month in November.
The Australian economy is showing good bounce as it starts to move out of its COVID-affected recession.
Investors are swooping in on the COVID-hit inner-city apartment market as Melbourne begins its slow exit out of restrictions.
Rents in inner-city Melbourne are struggling under the COVID lockdown but they are performing better in the outer suburbs.
The COVID-19 pandemic and associated lockdowns have seen home owners sink more payments into their loans.
The Victorian Premier this week laid out plans for the Melbourne real estate sector to fully open with COVID safety measures from November 23.
Melbourne is in the middle of a second strict COVID lockdown but it hasn’t stopped property developers finalising new deals to build thousands of homes.
Victoria’s strict new stage four restrictions could bring the state’s property sector to a standstill.
Spooked sellers ran for the hills on the weekend, with nearly half of Melbourne’s vendors pulling out of their weekend auctions.
Auction listings are in decline and clearance rates struggling amid a fresh outbreak of coronavirus in Victoria.