In August, Australia's median home values rose 0.5% for the 19th consecutive month, with Brisbane (1.1%), Perth (2%), and Adelaide (1.4%)
In August, Australia's median home values rose by 0.5%, marking 19 consecutive months of growth, though the pace has slowed as affordability issues persist. Brisbane's values increased by 1.1%, while Perth led with a 2% rise and Adelaide followed at 1.4%. CoreLogic's data indicates that demand surpasses supply, especially in affordable areas. The slowdown is attributed to high interest rates and cost-of-living pressures affecting potential buyers.
September 01, 2024
53 Articles