CoreLogic has revealed that property prices in every Australian capital city rose throughout January, taking many of the cities close to their previous peaks. Across the country, we have seen the fastest growth in Australian property prices since December 2017. Throughout the major cities, Sydney and Melbourne were the market leaders, experiencing sharp rebounds, and even Perth showed some signs of life rise 0.4% for the quarter through to January 2020.
Outlined in the following diagram is the capital city property prices relative to their previous highs that were achieved.
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