Data, surveys show falling confidence in housing markets
Official data has indicated how hard housing markets were hit during coronavirus lockdown in Australia, while a new survey indicates prospective buyers are still hesitant to act due to continuing economic uncertainty.
Uncertainty continues to hover over housing markets as the COVID crisis drags on. Photo: Shutterstock (Image source: Shutterstock.com)
Official data has indicated how hard housing markets were hit during coronavirus lockdown in Australia, while a new survey indicates prospective buyers are still hesitant to act due to continuing economic uncertainty.
The Australian Bureau of Statistics reported this week that lending for housing fell by a record amount in May, with COVID-19 related restrictions and general economic worry slammed the brakes on transactional activity.
ABS data …
