Australian house prices rose 30% since 2020 pandemic start, with median home value increasing $188,000 due to pandemic restrictions easing and high overseas migration.
CoreLogic's report reveals that Australian house prices have risen by 30% since the start of the pandemic in 2020, with the median value of a home increasing by $188,000. This growth occurred despite rising interest rates and high inflation. The report attributes the increase in house prices to the loosening of pandemic restrictions and record high overseas migration, which put pressure on housing supply.
March 11, 2024
7 Articles