COVID likely to put chill on Spring selling season
Analysts have warned that the traditional Spring selling season is likely to be derailed by COVID-19, with transactions likely to plunge due to a fall in listings, rising unemployment and spiralling consumer sentiment.
Fewer properties to buy will result in a slower Spring selling season. Photo: Shutterstock (Image source: Shutterstock.com)
Analysts have warned that the traditional Spring selling season is likely to be derailed by COVID-19, with transactions likely to plunge due to a fall in listings, rising unemployment and spiralling consumer sentiment.
CoreLogic analysis shows that historically listings across all markets rise significantly in the warmer months, a phenomenon unlikely to occur in 2020 as the pandemic continues to affect markets.
Melbourne, unsurprisingly, will b…
