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Australian home values rise at fastest pace for 32 years: Core Logic research – Domain News

Ultra-low interest rates, a recovering economy, a lack of homes for sale and a fear of missing out have sent the housing market soaring at the fastest pace since…

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Property values are skyrocketing at the fastest rate in 32 years, new figures show, but the stunning pace of gains could slow a little in coming months.
Sydney home values soared 3.7 per cent in March almost one per cent a week to a median value of $928,028, some 6.7 per cent higher over the quarter, according to the CoreLogic Home Value Index released on Thursday. The figure includes both houses and apartments.
Melbourne values jumped 2.4 per cent in a month to a median of $736,620, and are 4.9…

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