Australia’s house price boom is reaching levels not seen for 30 years.
Real estate data group CoreLogic has reported its national home value index recorded a 2.8 per cent rise in March, the fastest rate of appreciation since October 1988 when homes rose 3.2 per cent.
Their figures also show that growth is strong across Australia, including in regional areas, with home prices increasing by at least 1.4 per cent everywhere.
Sydney led the country for capital gains in March, with values rising 3.7 per cent over the month and 6.7 per cent higher over the first quarter of the year.
With the boom now forecast to see prices increase 10 per cent over the next year, it’s good news for those who may be considering moving into a retirement village or land lease community and pocketing the equity from selling the family home.
And village and land lease homes are also the natural option for over-55s looking for more affordable options.
The national average price of a two-bedroom independent living unit is sitting at $463,000, just a small increase from $459,000 in 2019.
That’s around 67 per cent of the average median house price.
While some villages and communities are priced higher, they all offer the benefits of community facilities and the security that someone will always be around if you need help.
With villages recording their highest satisfaction rate ever post-COVID, there’s never been a better time to check out villages.com.au.
