No end in sight to rapid national property price gains
National property prices surged again in October as record-low listings and strong population growth fuelled the fastest monthly gains in more than two years.
Brisbane's plummeting listings typify the issues that are undermining Australian property affordability. (Image source: FiledIMAGE/Shutterstock.com)
Property prices are surging and affordability is deteriorating.
New housing supply is showing no signs of being lifted to any relevant degree.
Populations around the country continue to swell.
National property prices are showing no signs of slowing down, with the Cotality Home Value Index for October revealing that home values lifted by 1.1 per cent over the course of the month.
Ominously for those sitting on the real estate sidelines, it wa…
