June 2020: the bottom that wasn't

CoreLogic's June 2020 read showed combined capitals down 0.7% for the month, with Melbourne the weakest at –1.1%. Total peak-to-trough drawdown was 2.1% nationally — by historical standards, a non-event. For comparison: the GFC drawdown was 6.1%.

Investors who used EOFY 2020 to refinance into sub-2.5% fixed loans and deploy into new-build contracts captured the strongest 18 months of capital growth in Australia's recorded history. That window opened and closed inside ninety days.