Media Watch Report
Introduction Since the outbreak of COVID-19, both South Australians and New Zealanders went into lockdowns in March 2020. COVID-19 has caused universal economic crises in people lives. The impact of COVID-19 pandemic closed the business activities, reduced jobs and significantly impacting on the residential property sales in the market. Therefore, the topic of this report will provide some information and data on how COVID-19 is impacting the Adelaide property market compared to Auckland. However, the proposition of this topic will focus and discuss how much Covid-19 has impacted house prices and values. Residential property prices and values can be determined by what happens to the socio-economy activities, the population per density in both suburban areas and numbers of COVID-19 cases; because it can directly impact the price and values the houses. The house prices often take longer to reflect what happens in the local or national economy due to the house is not easy to purchase ...