Economics
Australia’s Housing Boom Is Back as Key Cities Hit Record-High Prices
- Melbourne prices return to records; Sydney not far behind
- Record low rates, easier credit have fueled rapid rebound
This article is for subscribers only.
Australia’s housing boom is back in full swing with prices in Melbourne reaching a record high, and Sydney not far behind.
Property values in the eight state and territory capitals surged 1.2% last month, according to CoreLogic Inc. data released Monday.