Property News · March 3, 2020

Australia’s home market runs red hot as February residential property prices sets records in no fewer than five cities


Australia’s housing market ran red-hot last month as prices in no fewer than five cities reached record highs, a positive for consumer wealth and confidence in the face of the spreading coronavirus crisis.Data from property consultant CoreLogic out on Monday showed home prices across the nation rose 1.1 per cent in February, from January when they added 0.9 per cent.That brought gains for the 12 months to February to 641 per cent, a world away from the punishing declines seen early last year…

Source : South China Morning Post
Read more…Australia’s home market runs red hot as February residential property prices sets records in no fewer than five cities

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