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Brief – Did falling house prices during the GFC lead to more home buyers?
Author/s
AHURI
Abstract
Whether there will be a significant impact on house prices as a result of the economic crisis stemming from COVID-19 is a topic of significant discussion in both Australia and internationally.
The impact on house prices in the wake of the Global Financial Crisis (GFC) (2007–09) provides the most recent comparable example to the current economic downturn and is it worth considering how house prices, and rates if home-ownership changed following the GFC.