Average Home Value Rising $1,990 Per Week

CoreLogic’s September Home Value Index reveals an alarming statistic; average home values are rising by $1,990 per week (or $103,400 per annum), taking Australian housing values 18.4% higher than a year ago. By comparison, wages are rising at just 1.7% per annum on average. This is the fastest annual pace of growth in housing values since 1989. Through...