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House prices riding into 2021 on a high

Australian property markets continued to build momentum in December, with home values rising across all capital cities to finish 2020 at a level 3 per cent higher than at the start of the year.

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Regional and lifestyle properties outperformed city counterparts in 2020. Photo: Shutterstock (Image source: Shutterstock.com)

Australian property markets continued to build momentum in December, with home values rising across all capital cities to finish 2020 at a level 3 per cent higher than at the start of the year.

CoreLogic’s latest look at housing markets showed the only capital city to record a negative change in dwelling values for 2020 was Melbourne, with the Victorian capital’s median falling by 1.3 per cent.

Darwin was Australia’s highest gainer in 2020, wit…

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