It’s no time to panic

As with most assets, property has felt the effects of the Covid-19 pandemic. Values are dipping into the negative, migration has ground to a halt and at a certain point the banks will be forced to wind back mortgage relief.

All of these factors are headwinds, to be sure. But does that mean you should sell up and leave the market? There’s certainly light at the end of this dark tunnel, but not without some hurt first.

S&P Global Ratings predicts national house prices will sink 10% before turning the corner in mid-2021.

However, research by the Property Investment Professionals of Australia (PIPA) found that prices increased by as much as 100% in the five years after the most recent