What surging mortgage demand means for property prices – MacroBusiness

Last week we received two very strong pieces of data pertaining to the Australian property market.
First, CoreLogic released its dwelling value results for February 2021, which recorded the strongest monthly rise in values (2.1%) since August 2003. Moreover, every jurisdiction across Australia reported strong quarterly price growth (4.0% nationally):
Dwelling values are rising strongly across every Australian jurisdiction, according to CoreLogic.
Second, the Australian Bureau of Statistics (ABS)…

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