After a brief downturn earlier in the year, Australia's housing market is firmly in recovery mode, with CoreLogic data showing house prices increased for a sixth consecutive month in August.
abc.net.au/news/housing-market-recovery-house-prices-rent-corelogic-proptrack/102799598Australia's housing market is firmly in recovery mode as prices continue to rise, with cooling inflation and the likely peak of interest rates set to entice more buyers and sellers in the coming months.Brisbane saw the highest increase in home values, followed by Sydney and AdelaideCoreLogic's national Home Value Index saw an increase of 0.
CoreLogic's August figures saw Brisbane record the highest increase in home values of 1.5 per cent, followed by Sydney and Adelaide both seeing home values rise by 1.1 per cent. "Hobart home values [are] unchanged since stabilising in April, while values across the ACT have risen only mildly, up 1.0 per cent since a trough in April," he said.
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