HOUSE PRICES HIT FRESH RECORD HIGH

Home values have hit fresh record highs across Queensland, with Brisbane growing at double the pace of Sydney and the regions seeing unprecedented buyer interest.

The latest CoreLogic Home Value Index report out Monday saw records tumble across the state amid a surge in buyer FOMO (fear of missing out) during the lowest interest rates in history.

Brisbane’s index was up 4 per cent in the past year – an annual pace that’s double what Sydney saw (2 per cent) and significantly higher than Melbourne (-2.1 per cent).

CoreLogic head of research Tim Lawless told The Courier-Mail that Queensland was one of the first to recover during the pandemic and showed no sign of slowing as borders reopened.

“Queensland is at a record high. It’s 4.4 per cent higher than the previous high which was in April 2020,” he said.

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