Perth Home Values Have Soared 75 Percent Since COVID-19

Home values in Perth have soared nearly 75 percent since the onset of COVID-19, the latest CoreLogic data shows.
Multiple other cities in the Australian market have also seen significant price increases since the start of the pandemic.
Between the onset of COVID-19 and September 2024, Adelaide housing values rose 69 percent, while Brisbane increased 66 percent.
The lift was more modest in other capital cities, ranging from 9.9 percent in Melbourne to 30.8 percent in Canberra.
Homes in Sydney, Australia’s most expensive capital city, have grown 29 percent despite its price point at the onset of COVID also being the highest.
Regional home values have also grown significantly since COVID-19, ranging from 71 percent in regional Western Australia to 30.8 percent in outer Victoria….