Weren't house prices meant to fall?

A year ago, as COVID-19 spread worldwide, the smart money was on property prices taking a hit. But 12 months on, prices are rising faster than ever, with no sign of a slowdown in sight. In February, the market recorded the biggest monthly price gain in 17 years. So if the biggest disruption in a generation doesn't cause house prices to drop, could anything? And what does all the heat mean for renters trying to buy their first home? Featured: Adelaide Timbrell, Economist, ANZ Research