Momentum builds across Australian housing markets as values rise at the fastest rate in seventeen years

Australian home values surged 2.1% higher in February; the largest month-on-month change in CoreLogic’s national home value index since August 2003.  Spurred on by a combination of record low mortgage rates, improving economic conditions, government incentives and low advertised supply levels, Australia’s housing market is in the midst of a broad-based boom.  

Housing values are rising across each of the capital city and rest of state regions, demonstrating the diverse nature of this…