In the year to June, Australia’s house prices rose by 6.1%, ranking 19th out of 56 countries.
The index tracks housing price trends in more than 50 countries around the world and finds that Australia’s ranking has risen 37 places from a year ago (ranking 56th). Data show that in the 12 months ending June 30, 2020, Australia’s house prices have increased by 6.1%. Shayne Harris, head of housing at Knight Frank, said that despite the decline in transactions throughout the pandemic, demand for the Australian housing market continues to grow.
Michelle Ciesielski, head of Knight Frank’s Australian residential research department, said that as of June 30, after Covid-19 hit most markets around the world, global data has been Looking backwards.
The economic team of the global rating agency led by chief economist Brian Coulton stated that “the recovery of economic activity following the unprecedented severe coronavirus-related recession in March and April Faster than expected”.
https://theurbandeveloper.com/articles/australia-rises-in-global-house-price-growth-rankings