Sell with Confidence
Read More
News

Price Rises The Fastest In 17 Years

By Abbie Carragher

Australian property values grew at their fastest rate in 17 years in February, with every capital city and all regional markets lifting their dwelling prices.
The rare circumstance of all 15 market jurisdictions (eight capital cities and seven regional markets) rising strongly at the same time confirms that Australia is experiencing a nationwide real estate boom, the first since 2001-2003.

National home values rose 2.1% in February to a median of $599,000 – the largest month-on-month increase since August 2003. The two biggest capital cities recorded the strongest monthly growth: Sydney’s median home value rose 2.5% to $896,000 and Melbourne’s rose 2.1% to $718,000. Hobart property values also recorded a 2.5% monthly rise to $536,000.

But, in annual terms, the growth in house prices is being led by Darwin (up 16.3%), Regional Tasmania (14.6%), Regional South Australia (11.6%), Regional NSW (11.5%), Canberra (11%) and Hobart (10.2%).

CoreLogic’s research director Tim Lawless describes the growth in property markets as “phenomenal” against the backdrop of the pandemic.

Want to learn what your home could be worth now, call us on 4959 6577 for an obligation FREE appraisal today!

Up to Date

Latest News

  • BIG HEART FOR THE BASH!

    Paul Wrigley from Ray White Toronto & Lake Macquarie drives for disadvantaged kids! Starting and finishing in Newcastle, every day you take as many dirt roads and travel to 2 schools and donate to each school to go towards school programs, transport, much-needed equipment and resources for the students. “It’s … Read more

    Read Full Post

  • VARIETY BASH 2021 – Day 3

    Day 3 was an epic day! We had some low points we admit – rerouting to an afternoon of blacktop for example – and some real highlights – the performances from the kids in Pallamallawa and Rowena are now the stuff of legend. Once again today we were reminded of just … Read more

    Read Full Post