Cheap access to credit, a newfound popularity of working from home and an affordability advantage has contributed to Australia’s 25 largest non-capital city regions achieving a record increase in house values in the past year.
CoreLogic’s latest Regional Market Update, released today, shows of the 25 regions analysed, 24 recorded double-digit annual growth for house values while more than 50% of the regions recorded an annual rise of more than 20%.
Incredibly, seven regions recorded a lift in house values of more than 30% for the year to 31 October 2021.
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