Residential property prices continue to surge, jumping at the strongest monthly rate in more than 17 years last month, fuelling expectations interest rates will rise quicker than flagged by the central bank.
The latest CoreLogic data reveals home values swelled by 2.1 per cent in February, the biggest month-on-month change in the research group’s national home value index since August 2003.
Sydney’s northern beaches leapt 6.4 per cent, followed by a 5.3 per cent increase across the Baulkham Hills and Hawkesbury regions.
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