Aussie property values rise 15% since start of pandemic

The Australian property market continues to rebound hard out of the COVID-19 pandemic.

Following a 2.6% decline in dwelling values across the five major capital city markets between 15 March (the unofficial start of the pandemic) and 13 October 2020 (the bottom), values have since risen by 18.0% across the combined five major capital city markets.

Accordingly, dwelling values across the same five major markets are now sitting 14.9% above their pre-COVID level, according to CoreLogic.

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