Research Shows House Prices Without COVID-19 | Kanebridge News
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Research Shows House Prices Without COVID-19

A new report indicates the pandemic may have boosted house prices nationwide.

By Terry Christodoulou
Tue, Jul 13, 2021Grey Clock < 1 min

Australia’s property prices have risen at an alarmingly fast rate in the last 12 months. However, a new report from KPMG Economics indicates that property prices would’ve been lower than the current market should COVID-19 never have happened.

According to the report, The Impact of COVID on Australia’s Residential Property Market,  most capital cities were due for a significant uptick last year. That scheduled rise combined with ultra-low interest rates and government support to the housing market during the pandemic further stoked prices – adding hundreds of thousands of dollars to property values.

The report assessed the past 18 months compared to a no COVID-19 scenario and found that nationwide, house prices were between 4-12% higher and units up by 13% compared to what they would’ve been in a state of normalcy.

The report cites measures such as pushing the cash rate down to 0.1 per cent and introducing the HomeBuilder program as specific catalysts.

Further, the report by KPMG shows without the pandemic, house prices in Sydney would’ve risen by 13% to 1,119,000 by December 2023. They are now on track to rise 26% to 1,244,000.

Elsewhere, Brisbane’s house prices would have risen by 9% instead of the predicted 20% and Melbourne’s prices 19% instead of 24%.

Darwin was the only capital where house prices were modelled to fall – now is set to have a modest increase.

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By Robyn Willis
Fri, Aug 19, 2022 < 1 min

Treechangers seeking a home and income should take note of this west coast property in picturesque Pickering Brook in the Perth Hills, which comes with its own live-in residents.

Known as ‘the Margaret River of the Hills’ the area boasts stunning bushland while being just 30 minutes from all the amenity Perth has to offer.

With eight bedrooms and 10 bathrooms, this property is a home and business, operating as a thriving day spa, Hidden Valley Eco Lodges and Day Spa.

The private main residence is made of rammed earth for thermal comfort and has three bedrooms, luxurious bathroom and a large open plan living area. A private jacuzzi on the spacious entertaining deck is the perfect spot for enjoying beautiful bushland views at the end of a long day.

For day spa guests, there are four deluxe spa treatment rooms serviced by qualified staff, a reception area and lounge plus a commercial kitchen. Overnight guests can choose from five lodges with fully equipped kitchen and heated jacuzzi. As a going concern with a consistently high annual turnover, it’s a unique opportunity for the right buyer.

Set over 5.46ha, the property is also home to a very special group of residents: a small herd of alpacas, which are included in the sale.

Price guide: $6.5 million

Inspection: By expression of interest

Agent: Susanne Broido, The Agency 0499 770 237