Property hotspot search intensifies as housing market enters new phase
Australia's broad housing boom may be over, but fresh data shows strong price growth, intense buyer demand and fast-selling suburbs still abound as local fundamentals take precedence over national trends.
Fresh market data shows Australia's property market is becoming increasingly fragmented, with standout suburbs continuing to record strong price growth and buyer demand. (Image source: Larcsky789/Shutterstock.com)
Australia’s slowing property market has yet to extend to widespread annual losses.
New data reveals house prices increased in 85 per cent of Australian suburbs over the past 12 months, while unit prices rose in 90 per cent, according to realestate.com.au.
Even among suburbs where values declined, around half recorded falls of less than three per cent, suggesting the market’s moderation has been far from uniform.
After more than three years of bro…
