Property News · September 2, 2019

Australian home prices rose in August at their fastest pace since 2017, CoreLogic says


Australian house prices boasted their biggest monthly gain since 2017 in August, as the hard-hit markets of Sydney and Melbourne came roaring back on record low interest rates and looser lending rules.The bounce marks an end to two years of constant declines, which ate away at household wealth and confidence, undermining consumption and slowing the entire economy. Government figures due this week are expected to show the economy expanded by just 1.4 per cent in the year to June, according to a…

Source : South China Morning Post
Read more…Australian home prices rose in August at their fastest pace since 2017, CoreLogic says