Business
Why are Australian home prices rising again and can it last? – Sydney Morning Herald
Don’t values drop when there’s a recession? What’s going on – and can the rise continue?
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Australias Teflon-coated property market appears to have proved itself again. Despite the countrys first recession in nearly three decades, Aussie home values including houses and apartments ended 2020 a solid 3 per cent higher, according to CoreLogic data.
According to another report, the Domain House Price index released on January 28, the nations median detached house price hit a record high of $852,940 in the December quarter. Sydneys median…
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