Property prices rising fast throughout Australia

1 min read

Property prices rising fast throughout Australia

Remember 2003? Well, that was the last time property prices were rising this fast.

Across Australia, the median property price jumped 2.1% in February, according to CoreLogic. That was the largest month-on-month change since 2003.

Meanwhile, prices rose in every capital city and every rest-of-state region – something that hadn’t happened since 2010.

In a rising market, it’s vital to get a home loan pre-approval in place as soon as possible if you’re thinking of buying. That way:

  • You know what your limits are
  • You have peace of mind you can make a competitive offer on a great home
  • Agents or vendors often favor buyers who have their finance sorted early
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