House prices in most Australian cities are surging, with average prices nationally posting their first annual growth in 19 months, even as the economy continues to splutter.Australian home prices rose an average of 1.7 per cent last month, with Sydney and Melbourne leading the gains
"Additionally, we're seeing advertised stock levels persistently low, creating a sense of urgency in the market as buyer demand picks up. CoreLogic's weekly auction figures showed that more than 3,000 homes went under the hammer last weekend — the most since March 2018. "And Sydney in the next four months. Sydney values are still down 8 per cent from their [2017] market peak."
"Annualising the growth rate over the past three months implies the national index is already tracking well above double-digit annual growth , while Sydney and Melbourne dwellings are tracking around the mid-20 per cent range for annualised capital gains based on the most recent three-month trend," he said.
THE RBATHE BUBBLE BLOWER!!!!!!!!!
They will always protect the Ponzi.
More speculation and spruiking from the economy-deniers seeking to know just how far a dead cat can bounce.
How ppl gunna pay the massive mortage when the economy crashes?
More artificial pumping of a market that the government relies upon to keep the economy artificially chugging along. Australians meanwhile, continue to live on huge amounts of credit and their home equity loans whilst leading the entire world in levels of household debt.🙄
Core logic has said this for a while, but estate agents on the ground aren’t seeing any acceleration or increases?