Australian housing market values rise at the fastest rate in 17 years

In February; Australian home values increased by 2.1%, indicating the largest month-on-month change in CoreLogic's national home value index since August 2003. Motivated by a multitude of record low morgage rates, improving economic conditions, government incentives and low advertised supply levels. Australia's housing market is in the midst of a broad-based boom. The diverse nature of this housing upswing is evident through housing vaues rising across each of the capital cities and rest of state regions. 

As noted by CoreLogic's research director, Tim Lawless, a synchronised growth phase like this hasnt been seen in Australia for more than a decade. "The last time we saw a sustained period where every capital city and rest of state region was rising in value was mid-2009 through to early 2010, as post GFC stimulus fueled buyer demand".