Bust imminent as Australian housing catches virus

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ABC’s The Business last night ran a segment on how the coronavirus pandemic is likely to hammer Australia’s housing market, causing sharp falls in prices, rents and transaction volumes.

The segment features real estate agents, landlords, AMP’s Shane Oliver and CoreLogic’s Tim Lawless, and claims that dwelling vales could fall by as much as 20%.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.