The value of Australian homes has grown in March at its fastest rate in 32 years as buyers turn their attentions away from regional areas to the capital cities, according to property researcher CoreLogic. The latest data shows that national growth in home values reached 2.8 percent last month, the highest since October 1988 (3.2 percent). The figures include both detached houses and apartments. The growth is now being led by capital cities, which started to outpace the rapid growth seen in regional areas over the last year. This comes as Sydney recorded the highest growth of capital cities at 3.7 percent in March, and 6.7 percent over the quarter. “That has been a reversal of the trend and it happened quite quickly,” CoreLogic research director Tim Lawless told The Australian Financial Review (AFR). “I guess this is a testament that as the capital cities become more vibrant as we see workers returning …
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