Strong growth phase continues for house prices

Australian house prices rose at their fastest rate in nearly two decades in February, with 2.1 per cent growth for the month the biggest monthly change since August 2003.

CoreLogic’s latest look at house prices showed home values rose across all capital city and rest of state regions, with low interest rates, an improved economy, low supply and government incentives all contributing to the growth.

Sydney and Hobart led the nation at 2.5 per cen…