Connect with us

Local News

Property boom: April home values ease over affordability concerns and increase in stock levels



The strongest property boom in over a decade is showing early signs of losing steam, despite house prices growing in April at a rate equal to a quarter of the annual Sydney salary.

Research group CoreLogic reported the national home value index increased 1.8 per cent over April, down from a 32-year high of 2.8 per cent in March.

MORE: Inside Karl Stefanovic’s waterfront mansion

Nicole Kidman leads celebrities moving to this NSW region

Jennifer Hawkins controversial mansion gets approval

The rises were even higher in Sydney, which had the country’s second biggest monthly surge in home values at 2.4 per cent, behind Darwin’s 2.7 per cent.

It came off the back of unprecedented growth since the start of the year, with Sydney values up…

Click here to view the original article.

Continue Reading

You might also like ...

What time is the NSW Premier Gladys Berejiklian COVID update press conference today?
You Might Soon Be Able to Stay at a New 250-Room Hotel and Resort at Dreamworld – Concrete Playground