Economics

Australian House Prices Finish Wild Year With Strong Growth

  • Capital city home values rose 0.9% in December, data shows
  • Prices gained 2% last year, defying concerns of housing gloom
Photographer: Brendon Thorne/Bloomberg
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Australian home prices rose for a third straight month in December, capping a wild year in which prices dipped during the first Covid-19 outbreak, before rebounding strongly as the economy reopened.