National home values increase at the fastest rate of appreciation since October 1988

A 2.8% increase in CoreLogic's national home value index was recorded in March, the fastest rate of appreciation since October 1988 (3.2%). Yet, this significant growth in values are proven to be widespread, with values rising by at least 1.4% across each of the capital cities and rest of state areas within a month. 

Sydney led the way for the highest capital gains in March, evident with a 3.7% increase in value over a month and 6.7% higher over the first quarter of the year. These extrodinary growth conditions were emphasised by CoreLogic's research director, Tim Lawless, "The last time Sydney housing values recorded a quarterly trend this strong was in June/July 2015. Following this brief surge, the pace of growth rapidly slowed as limits on investor lending kicked in to slow the market".