In past economic shocks, residential markets have provided long term resilience. CBRE has compared movements in the ASX200 index with residential pricing movements during and after the Global Financial Crisis and stock market corrections in 2011 and 2015-16. Beyond an initial 12-month period of decline (or below trend growth), economic recovery and renewed confidence releases pent up demand and drives rebounds in both sales volumes and pricing. While the current COVID-19 pandemic is unprecedented in its impacts, the analysis does provide a baseline for assessing where residential markets might head.