Reported 12 months ago
Australian home prices have increased for the seventeenth consecutive month in June, with a 0.7% rise driven by tight supply despite challenges such as high interest rates, cost of living pressures, and strict lending conditions. CoreLogic's data also revealed an 8.0% year-on-year increase. The housing market resilience is attributed to limited supply levels that are driving up prices, with Perth experiencing the fastest monthly price rise at 2.0%, followed by Adelaide and Brisbane. Factors like interstate migration are also influencing price movements.
Source: YAHOO