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Brisbane Dwelling Prices Outpace Melbourne Amid Pandemic-Driven Migration Surge

Brisbane Dwelling Prices Outpace Melbourne Amid Pandemic-Driven Migration Surge
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Australian Housing Market Continues Upward Surge but Is Showing Signs of Slowing


Australian Housing Market Continues Upward Surge but Is Showing Signs of Slowing
Property researcher CoreLogic has found Australia’s residential home market has grown at the highest annual rate in 17 years, leaving dwelling values 13.5 percent higher than the end of the previous financial year.
“This is the highest annual rate of growth seen across the Australian residential property market since April 2004, when the early 2000’s housing boom was winding down after a period of exceptional growth,” CoreLogic Head of Research Eliza Owens said on July 1.
The growth was led by houses, which rose 15.6 percent over the year compared to a 6.8 percent growth in units. ....

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