House prices surge at fastest rate since 2003

Home / House prices surge at fastest rate since 2003

The nation’s property prices surged at their fastest rate since 2003 in February, led by the booming Sydney and Melbourne real estate markets where tens of thousands of dollars has been added to the median house value.

Every capital city and region recorded significant growth over the past 28 days, CoreLogic data released on Monday morning shows, with national dwelling prices rising 2.1 per cent in February. Sydney and Melbourne property prices increased 2.5 per cent and 2.1 per cent adding tens of thousands of dollars to the value of some homes.

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