Australian house prices rose by an average of $72,000 in just 14 months. Here's what market looks now

SBS Hindi

In a recent report by CoreLogic, it was revealed that Australia's average house prices have surged by around $72,000 over the past 14 months. Just in the last month, there was a notable 0.6 per cent increase across the nation. Dr Ameeta Jain, who serves as the Director of the Undergraduate Property Program at Deakin University, delved into the factors driving this persistent upward trend in prices. Additionally, she provided insights into the potential market dynamics to consider before making a housing purchase.