Coping with a cool change
Turn back time to the early stages of the pandemic, and expectations about the direction of property prices were very much in one direction: down. And for a time that did play out when prices retreated during the winter and spring of 2020. Then things began to turn.
Suddenly Australians couldn’t get their hands on property fast enough and homes were selling like hotcakes in all major cities, but the real frenzy was in regional areas. That buyer demand helped drive up national home values by 25% between March 2020 and February 2022, according to CoreLogic, and at the peak in March 2021 house prices were rising at the fastest pace
