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The Guardian - AU
The Guardian - AU
Business
Greg Jericho

Australian home prices rose a record 24% last year. That’s insane

Sydney
Hobart houses
‘So hot is the Hobart property market right now that the prices for houses and apartments have both risen more than 40% since June 2020.’ Photograph: Dave Hunt/AAP

That it was expected makes it no less shocking. The huge surge in housing loans early last year always meant property prices were going to take off. But it still takes your breath away when the latest residential property price data from the Australian Bureau of Statistics shows that prices across the nation rose a record 24% last year.

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