Cases to peak?
Australia has rattled through a thunderous 208,000 COVID-19 tests over the past 72 hours of reported data.
With Melbourne firmly in lockdown hopefully the trend in new cases will roll over this week and begin to decline.
New South Wales is holding the line with just 15 cases today and only a handful of small clusters, while there are still few cases elsewhere.
Australia has a total of 4,150 active cases of the Coronavirus, well over 90 per cent of which are located in Victoria.
Preliminary auction clearance rates in Melbourne were very subdued again this weekend at just 45 per cent and with only 196 properties reported as sold and tight social distancing rules making selling at auction logistically very challenging.
Since April Melbourne's home values have declined by 3½ per cent according to a couple of the major data providers.
Chris Joye of Coolabah Capital forecasts that nationally prices will decline by no more than 5 per cent, before resuming a boom.
There's a recent update here at LiveWire markets.
