Fastest rate of growth since 1988

A a year ago the country was in lockdown and we were tracking virus numbers not just in Australia but globally.

A year later and as at the end of the first quarter 2021, we have seen the fastest rate of growth in the property market since October 1988. The question is how long the growth period will last before regulators step in.Nearly two-thirds of Australia’s population have never experienced an economic slump in their working lives.

Nearly half of the Australian population were not born or residents when we last dipped into recession in 1991. Income is lower and predictions are that close to 150,000 will lose their jobs this month with the end of JobKeeper.

In this podcast, Tim Lawless from CoreLogic and I discuss the sustainability of this market.

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YouTube: https://youtu.be/pbNWFsieCQo

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Fastest rate of growth since 1988

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September Market update: Annual property growth is at the fastest pace since June 1989, reaching 20.3%

Record-breaking broad-based lowest monthly rise of 1.5% since January

Are we starting to see a slow in the pace of housing value?

National home values rose 1.9% in June, taking annual growth to 13.5% for the financial year

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