Want to buy a home? You'll need $63k more than this time last year

The cost of buying a home in Australia has reached yet another record high after climbing nearly 9 per cent over the last year.

According to the latest update to CoreLogic's home value index, the average price of a property is now sitting at $765,762 – an all-time high that is about $63,000 above what it was in February last year.

CoreLogic economist Kaytlin Ezzy said the increase came despite interest rate hikes and other cost-of-living pressures, and was due to the high demand for Australia's limited housing supply.

To know more : https://www.9news.com.au/finance/housing-crisis-australia-prices-rise-90-per-cent-markets-63000-dollar-increase/ae368b42-4d30-442a-8472-96977c6e0ae3