Business
Australian house prices record largest monthly rise in almost two decades – The Guardian
National house values saw their biggest monthly rise since August 2003 with marked rebounds in Sydney and Melbourne
House prices jumped 2.1% in February, the largest national monthly rise since August 2003, spurred on by record low mortgage rates, improving economic conditions and government incentives.
Housing analysts CoreLogic said housing values were rising across every capital city and state region, a synchronised growth phase that had not been seen in Australia for more than a decade.
The last time this occurred for a sustained period was mid-2009 to early 2010, as post-GFC stimulus fuelled buyer demand,…
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