Australian property prices surged 22pc last year, its biggest jump since the 1980s

Ariesaxi18 Apr, 2022Business

Record low interest rates have driven Australian housing prices up 22 per cent last year ? its sharpest rise in three decades. Key points:Housing prices rose 1 per cent nationally in December, with regional markets up 2.2pc and capital cities 0.6pc Hobart had the biggest capital city price increase over the past year (28.1pc) while Perth had the smallest rise (13.1pc) Listings in Sydney and Melbourne have recently surged