1 Apr 2021

House prices up 16.1 percent in a year

From Morning Report, 6:47 am on 1 April 2021

CoreLogic has crunched the numbers, and house prices continue to climb.

According to their House Price Index - the most complete measure of change in the market - nationwide values increased by a further 2.2 percent in March.

That increase has taken the annual growth rate to 16.1 percent - the highest rate of growth in fifteen years (2006). CoreLogic says it's bad news for first home buyers.

Nick Goodall is head of research.