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Why Australian property won't have a COVID crash

There has been much speculation and media attention around the potential impact of COVID-19 on the Australian property market, with some “experts” predicting house price falls of up to 30 per cent. But we simply don’t subscribe to those theories for a number of reasons.

Why Australian property won't have a COVID crash
Forecasts of big falls in median home values are likely overblown, according to Steve Douglas. Photo: Shutterstock

There has been much speculation and media attention around the potential impact of COVID-19 on the Australian property market, with some “experts” predicting house price falls of up to 30 per cent.  But we simply don’t subscribe to those theories for a number of reasons.

There is no doubt there will be a level of confusion and uncertainty in the Australian property market in the short term, especially as the usual strong migration numbers stop w…