More than 60,000 sales settlements recorded in February as our national market continues to strengthen By Jarrod McAleese
Summer has come and gone but Australia’s property market remains red-hot. February saw 60,508 sales settlements completed nationally, equating to a 28.2% rise year-on-year nationally, according to Australia’s leading online property settlement platform, PEXA. Five states recorded double-digit percentage growth year-on-year, with Western Australia at the head of the pack, experiencing an exceptional 55.6% year-on-year spike. South Australia closely followed, recording 35.4% year-on year-growth.
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February numbers compared to January’s results were similarly healthy as four states saw month-on-month increases in property transfers. PEXA Senior Research Manager, Mike Gill, said that the numbers nationwide were reflective of the sector’s current positive climate.
