Australian Home Prices May Rebound on Low Rates, Easy Credit

(Bloomberg) — Australian home prices may have bottomed out and could be set to rise through the end of the year on the back of lower interest rates and easier credit, according to Bloomberg Intelligence.



a house with trees in the background: Residential properties stand along a street in Brisbane, Australia, on Tuesday, May 7, 2019. Australian central bank chief Philip Lowe dashed expectations of an interest-rate cut, looking through recent weakness in inflation to hitch the policy outlook to a labor market that he says remains strong.


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Residential properties stand along a street in Brisbane, Australia, on Tuesday, May 7, 2019. Australian central bank chief Philip Lowe dashed expectations of an interest-rate cut, looking through recent weakness in inflation to hitch the policy outlook to a labor market that he says remains strong.

Property prices have fallen just 3% since the Covid-19 crisis began, defying concern of a steeper slide. A plan to ease responsible-lending rules and mounting speculation for further loosening of monetary policy in coming months may unleash a wave of borrowing, Bloomberg Intelligence analyst Mohsen Crofts said in a report Wednesday.

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What Bloomberg Intelligence says:

Home prices may have reached a near-term bottom in most

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Is Florida The Likeliest To Rebound First From COVID?

With Florida governor Ron DeSantis declaring the Sunshine State to enter Phase 3 late last month, restrictions were lifted at the state’s restaurants and other businesses. An unfettered return to business as usual seemed to synch with earlier predictions by real estate experts that Florida would prove the fastest to emerge from the COVID-19 crisis.

Before the pandemic swept in on the country in February and March, a migration to Florida was already underway. The health and financial crisis has only made it more likely the Sunshine State will profit from an array of trends impacting migration. They include the absence of state taxes, lower population density and more wide open spaces, meaning those migrating to Florida have more elbow room in which to hide from the virus.

In addition to Florida attracting newcomers from Latin America, specifically from Mexico,

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