The latest home value index results from CoreLogic showed the strongest monthly rate of growth in national dwellings since August, 2003.
There has been a significant increase in first home buyer activity, with first home lending increasing by over 40% in the year to January, 2021. The ‘high-end’ of the market also saw significant growth, which is a substantial rebound for a section of the market that saw a downturn through the Covid-impacted 2020.
Auction clearance rates have also been very strong across Australia’s capital cities and major centres in 2021, a further sign of the relative market strength as Australia continues to emerge from Covid-related lockdowns and restrictions.
See the full story on the CoreLogic website.
Contributor: Alex Jacques – Director, Jacques Financial Group