House always wins: Covid-19 can’t contain rampant property prices.
Half the country may be in lockdown but almost everywhere the residential property market is still going up. And most people in the market do not see it correcting for quite some time.
In the first wave of the pandemic house values took a hit. In the current lockdowns, values are actually still rising, although losing some momentum.CoreLogicsTim Lawless says that loss of momentum has less to do with lockdowns and more with affordability.