Thought we’d share this fascinating article by Jason Murphy. It’s titled What Happens to the Property Market in a Recession?
It offers some thought-provoking perspectives. Here’s one that we thought was interesting:
The idea that house prices can move very differently in different parts of the country is not an unfamiliar one in Western Australia, where house prices sank dramatically as the mining boom receded. Nor is it unfamiliar in Tasmania, where prices have skyrocketed in recent years, even as the mainland press groans about house price doom and gloom.
To find out more, take a look at the rest of this write-up.