How long will this price discount last?

Michael Janda, reports for the ABC News with “House prices edge lower in May but 'real test' will come after September, analysts say”:

CoreLogic's index showed a 0.4pc fall in national home prices over May

Melbourne had the steepest monthly decline, with a 0.9pc slide

Hobart had the strongest monthly price gains of 0.8 per cent, despite seeing one of the steepest falls in rents over the past two months.

It’s not much of a discount but who knows how long the slump will last. With Coronavirus case numbers stabilising at low levels, the economy could get going soon.