Canary in the coal mine’: Signs house prices will drop 40%
Australians looking for hints on where property values will go next should keep an eye on Mandurah’s performance, a property analysis has said, while flagging value falls of more than 40 per cent.
Digital Finance Analytics principle and housing expert Martin North said the Western Australian city of Mandurah is a “canary in the coal mine” for Australia’s housing performance during the Covid-19 downturn.
EDITOR NOTE: This is unlikely to be the situation in Yea as country properties seem to be in demand due to people wanting to work from home and leave Melbourne.
Read this article from Yahoo Finance here.