Author
Gerv Tacadena is a journalist writing for Your Mortgage and Your Investment Property, which are part of the Savings Media Group. With a keen interest in the mortgage industry and housing market, he aims to help inform and educate Australians on the latest property news and updates.
The state governments of New South Wales, Queensland, South Australia, Western Australia, Tasmania, and the Northern Territory pledged stimulus packages to support households and small businesses amid the COVID-19 outbreak.
The Real Estate Institute of Western Australia (REIWA) is urging the state government to consider giving rental assistance to those affected by the coronavirus outbreak.
Eliza Owen, head of residential research at CoreLogic, said the while sales activity will likely be affected, house prices might not necessarily go down. She said the residential property sector has historically fared well against adverse economic shocks compared to other sectors such as the stock market.