Market Wrap - 3 December 2020

Market Wrap - 3 December 2020

 

  • There has never been a year quite like 2020 in our lifetime and hopefully there won’t be another. At times during the year, seasoned analysts and each of the retail banks warned that residential property prices could fall by up to 30%. Read more on page 1 of the December Real Estate Report

 

  • The Australian Bureau of Statistics (ABS) advised that the nation's Gross Domestic Product – or GDP – rose 3.3 per cent in the September quarterRead more.

 

  • National residential listings decreased by four per cent in November, and are now down -12.6 per cent compared to the time last year. Read more here

 

  • Experts are positive that Australia is on track to exit a recession, and that property prices will return to 2019 levels next year, according to this month's Finder RBA Cash Rate Survey. Read the full article

 

  • Five easy ways to give your home a wellness upgrade. Read more