property market

PHOTO: Housing crash forecasts

Recent restrictions on in-house and on-site auctions are making some nervous about the housing market, but speculative reports of a coming crash in values are flawed


Coronavirus has up-ended almost every part of our lives so it seemed inevitable it would come for our homes.

There’s speculation home prices could fall up to 20 per cent due to fallout from the pandemic and understandably people are worried. But I’d caution against reading too much into early predictions.

Economists who specialise in housing market analysis can take months to develop price forecasts but new virus predictions are being thrown about by so-called experts within hours of government announcements.