It's all about perspective.
If you watched the latest CoreLogic videos and saw their numbers your will see that the original 40% decline in the housing market value predicted in April never happened.We are talking less than 2% in Sydney, that in property terms it's almost not even considered a decline.
A lot has changed however on who and where properties are being transacted, what is a direct reflection of the current pandemic environment.
See below an overview of the whole Country and a state by state break down.
https://youtu.be/HR9qV-5Rv8w?si=xCTt_V-0xHH770vq
https://youtu.be/EmNIu1yJlVs?si=y8gIzRlwkFjP0LLG
https://youtu.be/nBg1B77FPRo?si=eHvLodhRTIR86ID0
https://youtu.be/p21-djIiTlc?si=wtxr1y9sG7AgBvi8