Post-Pandemic Property Price Roller-Coaster to Flatten

Post-Pandemic Property Price Roller-Coaster to Flatten
A couple walks past a real estate agent's window in Melbourne, Australia, on May 1, 2019. William West/AFP via Getty Images
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Regional house prices have more than doubled and home values have surged nationwide post-pandemic, but a normalising market is still suffering from its version of long-COVID five years after the virus shut borders and kept workers at home.

Home values jumped by a third in less than two years at the height of the surge, with basement-level interest rates and people desperate for more space.