๐ ๐ผ๐ฟ๐ฒ ๐ฎ๐ป๐ฑ ๐บ๐ผ๐ฟ๐ฒ ๐๐๐ฏ๐๐ฟ๐ฏ๐ ๐ฟ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ๐ถ๐ป๐ด ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ ๐ด๐ฟ๐ผ๐๐๐ต
This CoreLogic graph perfectly captures the cyclical nature of the Australian property market โ and suggests we may be entering another growth phase.
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The share of Australian suburbs that recorded price growth over a rolling three-month period rose from 18.7% in December to 34.6% in March.
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As the graph shows, the market started booming in late 2020, and, by early 2021, almost every suburb in Australia was experiencing quarterly growth.
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The market then cooled sharply from early 2022, but this downturn appears to have bottomed out in October, when 16.5% of suburbs posted quarterly growth.
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Since then, the share of growth suburbs has been trending upwards.
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