Property price hikes continue to slow, but annual growth at highest level in more than 30 years.

Australia’s booming property market has reached record highs in the face of extended lockdowns and growing affordability constraints, resulting in the strongest annual growth in more than 30 years.

Rental Values On The Up

Rental Values On The Up

A quarterly review of national rents by CoreLogic showed that rents surged 0.5% higher over the month to January 2020 to record a current median rental value of $440/week. This was the highest monthly growth rate in the national rental index since January 2018.