Business
House prices surged in September, but not in these two cities – The New Daily
House prices rebounded across most capital cities and a pricing surge continued to play out across regional areas over September, new data shows.
House prices rebounded across most capital cities and a pricing surge continued to play out across regional areas in September despite Australia remaining in the grips of a once-in-a-generation recession.
Record-low interest rates lured buyers into the market and low stock levels helped to prop up prices.
But values in Melbourne and Sydney went backwards, falling victim to weak international migration and limits on inspections and auctions.
CoreLogic’s September Home Value Index shows the ave…
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