2022 saw a 13.1% increase in property values, higher than 2021's 7.6%, due to market cooling.

2021 saw a surge in Australian property purchases due to low interest rates, increasing property values, and the HomeBuilder incentive, leading to around 549,000 homes sold. However, properties bought in 2021 experienced a smaller increase in value (7.6%) compared to those bought in 2022 (13.1%). The increase in 2022 can be attributed to the cooling of the market, which has slowed the pace of property price inflation.

August 27, 2024
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