A 0.9 per cent rise in house prices last month has taken Australian housing values to a record high, exceeding the peak reached in 2017.
CoreLogic’s latest figures show national average property prices are now 1 per cent higher than before the COVID-19 pandemic and 0.7 per cent above the previous September 2017 peak.
The increase was broad-based, with every city and broader region recording a rise in January.