Australia’s property market unfazed by lockdowns

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CoreLogic’s head of research, Eliza Owen, has published new research looking at the impact of lockdowns on Australia’s property market.

Owen finds that while transaction volumes were temporarily hit, there was a strong catch-up period. Moreover, prices were resistant to the lockdowns:

Auctions

Longer social distancing periods had far lower average auction volumes…

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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.