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NSW: COVID-19 has amplified the diversity of Australia’s resident property markets by location, price point and property type

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As Gary Brinkworth, the boss of the Herron Todd White valuation firm recently noted, some observers are expecting a subtle slowdown, while others predict a catastrophic collapse.


He added it can be difficult to keep up as markets adapt to the challenges around COVID-19.
“Some locations have seen monumental disturbance to their usual state of affairs, while others have barely registered a ripple,” he said. “COVID-19 has amplified the diversity of Australia’s resident property markets by location, price point and property type.”

Well informed valuers, like well informed estate agents, have the best insights on price direction.

The slowdown in volumes of transactions in inner Sydney and the eastern suburbs made it difficult to ascertain any emerging pattern but HTW advised that in previous downturns the inner city market segment was most vulnerable to volatility in the upsizer price bracket, typically from $2 million to $3 million.

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