House price surge continuing in 2022, CoreLogic's January housing figures reveal

The typical Australian home owner has become $131,236 richer on paper over the past year, and there are few signs so far in 2022 that the COVID pandemic real estate boom is about to end.

CoreLogic's latest home value data show prices jumped by 22.4 per cent over the past year, the biggest increase since June 1989.

However, CoreLogic's research director, Tim Lawless, said the biggest part of that price increase had occurred in the first part of 2021.

"The early indication is that housing markets are starting 2022 with a similar trend to what we saw through late last year," he said.

Read More: https://www.abc.net.au/news/2022-02-01/house-price-surge-continues-in-2022-says-corelogic/100794686