๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐ฅ๐ถ๐๐ถ๐ป๐ด ๐ง๐ผ๐๐ฎ๐ฟ๐ฑ๐ ๐ฅ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ-๐ต๐ถ๐ด๐ต ๐๐ฒ๐๐ฒ๐น๐
Australiaโs median property price has now increased for four consecutive months, after rising another 1.1% in June, according to CoreLogic.
That means prices have risen 3.4% since the market bottomed out in February and are just 6.0% below their previous peak in April 2022.
CoreLogic research director Tim Lawless said the surge in demand is being driven by a lack of supply.
"Through June, the flow of new capital city listings was nearly 10% below the previous five-year average and total inventory levels are more than a quarter below average," he said.
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