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Home prices are starting to surge at the high end of capital city markets

Posted by admin on March 8, 2021
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The latest home value index results from CoreLogic showed the strongest monthly rate of growth in national dwellings since August 2003. A striking feature of the current upswing is the pace at which the ‘high’ end of the market has risen in recent months.

 

The ‘high’ end of a market is measured by CoreLogic in its ‘tiered indices’ series. The high tier is the top 25% of property values in any given region. As of February, this refers to dwelling values at around $960,000 or higher for the combined capitals, with a typical value in the high tier around $1.2 million.

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Brendan Bowie has specialised in property sales, marketing, and leasing for more than 20 years. As a City of Belmont resident with a great knowledge of the local area, Brendan’s strategic and innovative property marketing approach, coupled with a strong networking focus, consistently yields quality outcomes for his clients.

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