Pandemic, recession, closed borders: can anything stop the Australian housing juggernaut?

The property market has confounded predictions it would collapse during the coronavirus crisis

The world is gripped by the most serious pandemic for a century, the US presidency is facing transition, but at least one thing remains certain amid all the chaos: the Australian property market keeps going up.

Figures for October showed this week that prices have risen for the first time since the onset of the coronavirus pandemic in the latest batch of data to confound expectations that the property market would collapse under the weight of lockdowns, recession, unemployment and lack of immigration-driven population growth.