Lower than average supply levels have put upwards pressure on values while flatlining interest rates are boosting buyer confidence
Australian home values are up 4.9% since February, adding about $34,000 to the average dwelling.
Gains were led by a 1.5% increase across Brisbane, followed by Sydney and Adelaide where home values were up 1.1%.“Sydney has led the recovery trend to-date with a gain of 8.8% since values found a floor in January this year,” he said. “At the other end of the scale, some other capital cities are better described as flat, with Hobart home values unchanged since stabilising in April, while values across the ACT have risen only mildly, up 1% since a trough in April.”
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