The pace of increasing house prices in Australia reach highest level since August 2003
Posted on March 8, 2021 |
• National house prices rose 4% year-on-year and 2.1% month-on-month in February 2021.
• House prices increased by 2.5% and 2.1% month-on-month in Sydney and Melbourne respectively in Feb 2021.
• Experts believe government incentives and record-low borrowing rates to be responsible for this increase in house prices.