General
House prices record sharpest increase since 2003, CoreLogic says
Australian house prices have posted their sharpest monthly increase since August 2003, with analysts at CoreLogic saying the market is now entrenched in one of its strongest growth phases on record.
Key points:
- Capital city home prices rose 2 per cent and regional prices rose 2.1 per cent in February
- Sydney and Hobart led the capital city rises, up 2.5 per cent last month
- CoreLogic says a synchronised growth phase across the nation has not been since since after the GFC in 2009-10
CoreLogic’s monthly home value index revealed a 2.1 per cent jump in prices last month, on the back of the average Australian house price returning to record levels in the first month of 2021.
The increase was widely spread around the nation, with every capital city…
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