Business
‘A seller’s market’: House values hit record high after strong January – Sydney Morning Herald
House values across the country reached their highest level on record with prices lifting in every capital city.
Over the past year, house values in Sydney are up by 3.1 per cent while units are down by 0.6 per cent.
In Melbourne, house values lifted by 0.6 per cent while unit values were up by 0.1 per cent. Over the past 12 months, house values in Melbourne are still down by 2.8 per cent while units are down by 0.6 per cent.
CoreLogic research director Tim Lawless said housing values were lifting alongside low advertised supply.
The total number of advertised properties is around record lows. Listing numbers…
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