General
Sydney’s Darling Point records highest median home value for 2020 amid luxury homes market recovery
Several of Sydney’s eastern suburbs recorded the highest median housing values, according to CoreLogic data, which says Australia’s $7.2 trillion residential real estate market has proved “remarkably resilient” despite the nation’s largest economic downturn since the 1930’s.
Key points:
- CoreLogic’s Best of the Best 2020 Report shows while the coronavirus pandemic dented house prices earlier in the year, they have ended the 2020 higher
- Predictions are house prices will continue to rise into the new year, helped by low interest rates and government grants
- A big economic risk is Australia’s high household debt levels
CoreLogic’s Best of the Best 2020 Report shows while the coronavirus pandemic dented house prices earlier in the year, they have…
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