Australian home values surged 2.1% higher in February; the largest month-on-month change in CoreLogic’s national home value index since August 2003. Spurred on by a combination of record low mortgage rates, improving economic conditions, government incentives and low advertised supply levels, Australia’s housing market is in the midst of a broad-based boom.
Housing values are rising across each of the capital city and rest of state regions, demonstrating the diverse nature of this housing upswing.
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Source: CoreLogic Australia