Australia’s property market posts strong gains to kick start financial year By the PEXA Insights team
A wet winter and further COVID-19 based restrictions have not dampened Australia’s red-hot property market, with strong yearon-year sale settlements results across both the east and west coasts of Australia, according to recent findings by the PEXA Insights team.
Although slightly down on the record numbers we witnessed in June to close out the financial year, Western Australia (61% up year-on-year), Victoria (55% up year-on-year), Queensland (53% up year-on-year) and New South Wales (43% up year-on-year) have continued to see booming momentum in property sale settlements. Western Australia and Queensland have once again illustrated a renewed strength to their respective property markets, continuing the momentum demonstrated throughout 2020 after years of soft growth. New South Wales regained its mantle as the highest volume state, with more
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