According to The Australian Financial Review, CoreLogic national research director Tim Lawless tipped the housing market correction to bottom out in the first quarter of 2023 followed by a swift recovery after the rate of house price decline eased slightly in September, according to the firm’s monthly index.
However, this sooner-than-expected turnaround won’t be quick enough to stop the Melbourne housing market from reversing all the gains it made during the pandemic, Mr Lawless told. https://www.afr.com/property/residential/house-price-correction-could-be-over-by-early-2023-corelogic-20221002-p5bmii
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