Australian Home Prices Grow at Fastest Rate in 32 Years

Australian Home Prices Grow at Fastest Rate in 32 Years
A real estate advertising board is seen next to a house in Canberra, Australia, March 1, 2019. AAP Image/Lukas Coch
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The value of Australian homes has grown in March at its fastest rate in 32 years as buyers turn their attentions away from regional areas to the capital cities, according to property researcher CoreLogic.

The latest data shows that national growth in home values reached 2.8 percent last month, the highest since October 1988 (3.2 percent). The figures include both detached houses and apartments.