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Aussie property values climbing at fastest rate in 17 years as Sydney, Melbourne on track to beat record – NEWS.com.au
Aussie property values climbing at fastest rate in 17 years as Sydney, Melbourne on track to beat record
Australias already eye-watering property prices have skyrocketed yet again, with new data revealing values are rising at the highest level since 2003.According to the latest CoreLogic data, values surged 2.1 per cent higher in February, the largest month-on-month change in 17 years.
Experts say the jump has been caused by a mix of factors including record low mortgage rates, improving economic conditions, government incentives and low supply levels.
Sydney and Melbourne were among the strongest…
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