Show menu

Property price rebound gathering pace despite interest rate rises | ABC News

Thanks! Share it with your friends!

You disliked this video. Thanks for the feedback!

Added by XaniaNews
38 Views
The house price recovery gathered pace in May, with Sydney continuing to lead a broad recovery, as the number of properties listed for sale fell further.
Subscribe: http://ab.co/1svxLVE Read more here: https://ab.co/3MJAYmj
The latest CoreLogic national Home Value Index rose by 1.2 per cent last month, its third straight monthly rise.
Sydney prices were up 1.8 per cent in the month, the biggest gain since September 2021, and up 4.8 per cent from January's low — the equivalent of a near-$50,000 increase in the median dwelling value.
Brisbane and Perth posted the next largest gains, up 1.4 per cent and 1.3 per cent respectively, while all other capital cities also experienced accelerated growth in the month.

ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.

For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1

Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews

Note: In most cases, our captions are auto-generated.

#ABCNews #ABCNewsAustralia
Category
News and politics
Tags
Australia, abc, abc news

Post your comment

Comments

Be the first to comment

Related Articles

Categories

Latest Articles