Booming suburbs where house prices surged more than 20pc in 12 months
House prices surged more than 20 per cent across hundreds of mostly affordable suburbs in Perth, Brisbane, Sydney and Adelaide over the past 12 months, defying three interest rate increases, worsening affordability and soaring costs of living, data from CoreLogic shows.
Eliza Owen, CoreLogic head of research, said the affordable segment of the housing market would continue to dominate growth until interest rates were reduced.
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