Apr
02
Australia Home Prices Rise Most in 7 Years Amid Bubble Concern
By-
Average home values in capital cities surged 12.9% in March
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Lending curbs announced last week may slow investor demand
Australian house prices rose the most in almost seven years in March as the country’s housing boom accelerated.
Average home values in Australia’s eight state and territory capitals rose 12.9 percent in the 12 months through March, the fastest pace since May 2010, according to data from CoreLogic Inc. released Monday.
The boom is being led by Sydney, where average house values surged 18.9 percent in the past 12 months, the most since November 2002. Sydney home values climbed 5 percent in the first three months of the year…
Australia Home Prices Rise Most in 7 Years Amid Bubble Concern
