Powering ahead: Workers at a construction site in Sydney. The red-hot market provides a huge windfall to consumer wealth and confidence. — Bloomberg
SYDNEY: Australian home prices motored ahead in July even as a coronavirus lockdown in Sydney curbed auctions, though stretched valuations could make affordability more of a drag in the longer term.
Data from property consultant CoreLogic out yesterday showed national home prices climbed 1.6% in July from June, when they rose 1.9%.
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