In this study KPMG has sought to understand whether the COVID-19 pandemic has resulted in property prices being on a higher trajectory than would have been the case if COVID-19 had not occurred.
Since the beginning of 2021 a number of Australia’s capital cities have seen their residential property markets experience a significant upswing in prices. Various market commentators have suggested this robust price growth is likely to last for some time, while others have suggested residential property price increases will moderate after this initial spike. This report by KPMG Economics in Australia seeks to contribute to this discussion.
Examining short term predictions and the longer term scenarios of the post-COVID-19 world.
The uncertainty associated with the coronavirus saw dwelling prices in most markets fall during 2020, despite the fact that market conditions at the beginning of the year were highly conducive to strong price growth.
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Economic insights and KPMG Australia services.