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House prices rising at fastest pace in 32 years as listings can’t keep up with demand: CoreLogic – ABC News
National home values surged 2.8 per cent in March, growing at their fastest pace since 1988, according to CoreLogic. Capital city prices outpaced regional property…
Australian house prices are rising at the fastest pace in 32 years, as the Sydney and Melbourne property markets stage a full recovery from the short-lived COVID downturn.
Key points:
- Home values in Sydney, Melbourne, Hobart, Canberra and Brisbane are at record highs
- Capital city price rises outpaced regional markets for the first time in a year
- Some economists expect regulators to introduce restrictions as risky lending increases
CoreLogic’s monthly home value index rose 2.8 per cent in March the…
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