๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐ฅ๐ฒ๐ฎ๐ฐ๐ต ๐ก๐ฒ๐ ๐ฅ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ ๐๐ถ๐ด๐ต
Australiaโs median property price has now increased for 14 consecutive months, after rising another 0.6% in March, according to CoreLogic.
Since falling 7.5% between April 2022 and January 2023, the national median has climbed 10.2%, and hit a new record high each month since November 2023.
That said, price growth has slowed from a quarterly rate of 3.3% in the middle of last year to 1.6% in the first quarter of this year.
โRate hikes, cost of living pressures and worsening housing affordability are all factors that have contributed to softer housing conditions since mid-last year. However, an undersupply of housing relative to demand continues to keep upwards pressure on home values despite these headwinds,โ CoreLogic research director Tim Lawless said.
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