A YEAR LIKE NO OTHER, AUSTRALIA’S BEST OF THE BEST PROPERTY PERFORMERS OF 2021

The extraordinary momentum carried over from 2020, coupled with monetary and fiscal stimulus measures has contributed to an unprecedented year of growth and litany of outstanding results for the Australian residential housing market.

CoreLogic’s annual Best of the Best Report, which provides the market’s most comprehensive suburb-level analysis of Australia’s best and worst performers including top sales, highest median values and strongest growth rates, reaffirms the market’s remarkable results.  

In reviewing the year that was, CoreLogic’s Head of Research Eliza Owen said the estimated value of Australia’s residential real estate had gone from $7.2 trillion at the end of November 2020, to reach a record high of $9.4 trillion in just 12 months.

In addition, sales volumes climbed to an estimated 614,635 in the past 12 months, the highest level in almost 18 years, as dwelling values nationally increased 22.2% in the 12 months to November, the highest increase since 1989. 

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